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HomeMy WebLinkAboutREP FC 086 05/19/1997 1996-1998 REPORT OF THE COMMITTEE ON FINANCE DATE: May 19, 1997 Re: Comm. No. 277 PLACE: Councilroom TIME: 10:40 A.M. Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 79, reports as follows: Resolution No. 79, transmitted by Finance Committee Chair Aaron Chung, via Communication No. 277, dated April 24, 1997, supports the establishment of a Korean Visa waiver program. Due to the current time-consuming visa processing procedures, the growth of Korean travel to the United States has not kept pace with travel to non-United States destinations. These alternate destinations do not currently require Koreans entering their countries to have a visa, thus providing them with a major competitive advantage. The United States Congress, through H.R. No. 627 and S. No. 290, is considering the establishment of a three-year visa waiver pilot program that would allow nationals of Korea traveling in tour groups admission to the United States without a visa. The establishment of this visa waiver program would help to expand Hawaii's visitor industry and would especially assist the County of Hawaii's efforts to bring direct flights from the Republic of Korea to Keahole-Kona. The Hawaii Visitor's Bureau predicts that a visa waiver program for Koreans traveling to Hawaii would result in 8% to 29% incremental growth in arrivals and expenditures which equates to between $35 and $38 million in additional visitor spending. Since Hawaii's travel and tourism industry is and will continue to be the State's largest and most important industry for the foreseeable future, efforts to support and promote the industry should be intensified. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 79 and recommends its adoption. Ikc Ayes Noes A&E EX Respectfully submitted CHUNG X LEITHEAD-TOno x COMMITTEE ON FINANCE RAY X ~/1~;~ SANTANGELO X .'/~`'./7~~ i SMITH X TvLER X AARON S.Y. CHUNG, C IR vncoNC X FC REPORT NO. 86 ARAxAKt,E.o.,>7 x ADOPTED: ,uiN 0 2 1991