Youtube Channel Yestervid claims that it is. And with the first year being marked for 1906 (in Waikiki no less), it seems like it might be, at least in the way of video footage.

Also, aside from a spot from Micronesia, the footage is mainly from Waikiki which obviously makes sense. Additionally, it was shot by the likes of Tom Blake, which also makes sense.
Lastly, let’s take a moment to appreciate the conversation that had to have surrounded this editing process.
Director: You know what would really bring this footage up to date?
Editor: What?
Director: Butts. Lots and lots of butts.
Here’s to hoping butts never go out of fashion.

