The International Market Place is a 4.5 acre banyan-tree-shaded property situated in the heart of Waikiki. It is an open-air bazaar which has been a Waikiki attraction for several decades. Since the opening in 1957, there have been no major renovations.
It’s history as a market place began on January 16, 1955 when entrepreneur Donn “Don the Beachcomber” Beach announced that a new “Waikiki village” was to be created.
Property developers in Honolulu have coveted the Market place’s central location, wishing to make more upscale restaurants and shops, with a entertainment pavilion and storytelling center. But so far, it stays pretty much the same as it has always been.
http://hubpages.com/hub/Souvenirs-for-the-Family-from-the-International-Market-Place-in-Honolulu