RAVC President Appointed to Hawaii Tourism Authority
Mr. Jack Corteway, President and CEO of Royal Aloha Vacation Club, has been confirmed by the Hawaii State Senate to serve on the board of directors of Hawaii Tourism Authority (HTA) on April 19, 2012. HTA is the lead state agency to market, develop and support Hawaii’s visitor industry, which is the primary economic engine for the island state. In 2009, the visitor industry produced $9.5 billion (14.8 percent) of the gross state product and accounted for 18.9 percent of the total state tax revenue and 15.9 percent of total employment. The 12-member HTA board of directors has the responsibility of setting broad policies and directions for the HTA’s activities.
Even though timesharing has been the fastest growing segment of Hawaii’s tourism industry in recent years, this is the first time that a representative from the timeshare industry has been appointed to this policy-making board. According to the most recent economic study, Hawaii timeshare business supports $4.5 billion of spending, 34,420 full- and part-time jobs, and $1.4 billion in salaries and wages and related income. There are 87 timeshare properties in Hawaii, and more than 3,000 new units are in the pipeline. About 1.2 million timeshare vacationers visit Hawaii annually. As a pioneer in Hawaii’s timeshare industry, RAVC is glad that the industry finally has a voice in the State’s policy deliberations on tourism. And we are so proud that Royal Aloha’s president has been selected for this critical role.
Mr. Corteway became the President and CEO of RAVC in 1991. Prior to joining RAVC, he was the President and CEO of Bank of Honolulu. During his 36 years in Hawaii, he had served on a wide range of boards and committees, including the Hawaii Bankers Association, Association of United States Army, Hawaii Army Museum, Honolulu Symphony Society, Judicial Council of Hawaii, and others. He was the founding Chairman of the American Resort Development Association’s (ARDA) State Chapter in Hawaii and currently serves on ARDA’s national board, its Ethics Committee and International Foundation. Mr. Corteway’s broad experience in both for-profit and non-profit enterprises will be an added asset to the Hawaii Tourism Authority.