Hawaii continues to see tremendous growth in the timeshare industry despite the economy. In 2010, there are currently 4,881 new Hawaii timeshare units either under construction or approved for development. In 2009, despite the economy, Hawaii saw $400 million in timeshare sales growth, increasing the Hawaii timeshare inventory to 8,601 timeshare units spread over nearly 90 timeshare resorts. Not only is there growth in timeshare development, Hawaii timeshares have an occupancy rate of almost 91 percent. According to Howard Nusbaum, ARDA president and CEO, the timeshare industry remitted $67.2 million in tax revenues to the state of Hawaii for 2009.