HONOLULU, HAWAII -- President Obama isn't the only politician who will be in Hawaii over the holidays. Potential 2012 Republican candidate and former Massachusetts Governor Mitt Romney is also spending time in the tropical destination.

Romney is spending time with his five kids and their families for a two week vacation, Romney Spokesman Eric Fehrnstrom tells Fox News.

It's unlikely that the two families will run into each other though, as they are staying on different islands --with the Romneys in Maui and the Obamas in Oahu.

Romney made a failed bid for the GOP presidential nomination in 2008 and there is speculation he may run again in 2012, but no announcement is expected until next year, possibly in the spring.

The former governor will likely also have a conversation with his family during this vacation about potentially running for president, a similar talk he had with them about this time four years ago.

Romney has recently been an outspoken critic of the tax cut compromise that President Obama made with Republicans, in part because it was only temporary and didn't provide enough certainty.  He's also been on the defense for the Massachusetts health care plan that passed under his watch, which critics say is similar to Obama's health care plan and therefore connects the Republican to the Democratic president. 

President Obama is slated to land in Hawaii late Wednesday night. He'll be joining first lady Michelle Obama and daughters Sasha and Malia who already arrived last weekend.  The president had delayed his trip by several days, waiting for the action on Capitol Hill to wrap up.

Fox News' Jake Gibson contributed to this report.