Fastest rental growth in four years. Global Office Index Q2 2016

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Fastest rental growth in four years. Global Office Index Q2 2016"

Transcription

1 Fastest rental growth in four years Global Office Index Q2 2016

2 2 Global Office Index, Q Fastest rental growth in four years Global office demand is proving resilient in many of the world s dominant commercial real estate markets despite increased political and economic uncertainty leading to corporate occupiers striking a more cautious tone. Office supply continues to tighten on the back of a shallow development cycle, resulting in continued upward momentum in aggregate rental growth. Rents on prime office assets across the 110 major markets covered by the JLL Global Office Index increased by 3.6% year-on-year in Q2, the fastest pace of annual growth in four years. Quarter-onquarter, rents rose by 0.8% compared to 0.6% in Q Economic uncertainty and continued political risks are likely to dampen leasing volume growth over the remainder of the year, with global leasing volumes in 2016 projected to be around 5% lower than Nonetheless, underlying market fundamentals are sound and corporate demand is holding up well, notably in the United States and continental Europe. Supply constraints will continue to drive rental increases, although at a reduced pace, and JLL forecasts prime rental growth of around 2%-3% for the full-year % Q Q % +16.7% Trough Q Peak Q Annual global office rental growth +20 QUARTERLY OFFICE RENTAL GROWTH AMERICAS +0.6% EUROPE +1.5% ASIA PACIFIC +0.6% +8.0% Dallas +9.4% Stockholm +4.8% Bengaluru +6.3% Montreal +6.3% Berlin +3.4% Manila +5.8% San Francisco Peninsula +3.7% Barcelona +2.9% Sydney

3 3 Global Office Index, Q Top 10 Market Locations Annual Office Rental Growth 35.4% 20.0% 28.9% 2. Stockholm 1. Oakland - East Bay 8. Los Angeles 13.0% 16.7% 12.1% 3. Dublin 20.0% 11.1% 9. Atlanta 10. Austin 5. Cairo 4. Dubai 7. Hong Kong 17.1% 6. Sydney Americas Europe Asia Pacific MENA Four US cities in the Global Top 10 Diversified markets such as Los Angeles and Atlanta are outperforming, joining technology hubs Oakland-East Bay and Austin which continue to register significant rental uplifts driven by robust demand and limited supply

4 Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Rental Index (Q = 100) 4 Global Office Index, Q Global Office Index Prime Rents, Change Y-o-Y Q Q Asia Pacific 2.7% Americas 3.1% Europe 4.3% GLOBAL 3.6% Asia Pacific stock weighted average of 27 markets; Americas stock weighted average of 39 markets; Europe stock weighted average of 39 markets. Global Index based on GDP weighted average of the Asia Pacific, Americas, Europe and Middle East and North Africa indices. Source: JLL, August 2016 In this latest edition, coverage in Europe has been extended by a further 15 cities to reflect the wide geographic interest of investors and corporate occupiers. The Index covers more secondary cities in the UK and Germany, it now includes all Nordic and key Mediterranean capital cities and has been extended into Switzerland, Turkey and Romania for the first time. Mixed rental performance in Asia Pacific Asia Pacific quarterly rental growth was recorded at 0.6% (2.7% year-on-year) in Q2 2016, consistent with the 0.6% (3.1% year-on-year) witnessed in Q1. Tech and finance continued to drive regional demand, while offshoring and outsourcing together with ITES bolstered demand selectively in India and parts of Southeast Asia. A large upcoming supply volume contributed to an only marginal quarterly uplift in Tokyo (+0.4%) despite strong leasing and very low vacancy, and vacancy pressure and cost-saving strategies saw Shanghai s rental growth moderate to 0.9%. Growth in Hong Kong (+2.3% quarter-onquarter) was propped up by demand from mainland Chinese banks, while the leasing market improved in Seoul (+2.0%) with landlords cutting back incentives despite weakness in the broader South Korean economy. Rents declined in most of the key Southeast Asian markets with only Manila (+3.4%), where offshoring and outsourcing demand remains robust, registering a quarterly rental increase. Ongoing cutbacks in the energy and resources sectors saw rents fall in Jakarta (-2.8% quarter-on-quarter) and Kuala Lumpur (-0.7%), while banking consolidation and supply pressure led to rents decreasing in Singapore (-3.3%). Ongoing tech demand and lack of space resulted in Bengaluru (+4.8%) achieving the region s strongest quarterly rental uplift. Conditions in Australia remain mixed, with traditional occupier groups such as finance and professional services contributing to strong annual rental growth in Sydney (+17.1% year-onyear) and Melbourne (+1.9%). At the same time, a slumping resources sector and high vacancy once more put downward pressure on rents in Brisbane (-3.5%) and Perth (-20.1%).

5 5 Global Office Index, Q Top 10 Office Rental Performers, Q Quarterly Annual 9.4% Stockholm 35.4% Oakland-East Bay Americas 8.0% Dallas 28.9% Stockholm Asia Pacific 6.3% Montreal 20.0% Dublin Europe 6.3% Berlin 20.0% Dubai MENA 5.8% San Francisco Peninsula 17.1% Sydney 5.7% Oakland-East Bay 16.7% Cairo 4.8% Bengaluru 13.5% Los Angeles 3.7% Barcelona 13.0% Atlanta 3.4% Manila 12.1% Austin 3.4% Paris 11.1% Hong Kong Source: JLL, August 2016 Rental growth accelerates in Europe Q office leasing volumes in Europe were down 3% year-on-year. However, the 2.9 million square metres of office space transacted in Q2 was well ahead of the 10-year average. Excluding the UK, European take-up grew by 4% year-on-year in Q2, a clear sign of the upbeat sentiment on the continent. While leasing activity in London has clearly been affected in the run-up to and following the EU referendum, general sentiment elsewhere in European leasing markets is one of business as usual with levels of activity similar to recent quarters. The European Office Index rose by 1.5% quarter-on-quarter in Q2, the strongest increase in five years, bringing aggregate annual growth to 4.3%. Of the 39 Index markets, 10 have registered quarterly rental increases (up from 9 in Q1), while only Zurich (-1.3%) and Istanbul (-4.4%) have seen a decrease in rents. Stockholm has been the region s star performer, with a spike in demand boosting quarterly rental growth to 9.4%. In Paris (+3.4% quarter-on-quarter), limited new supply and more robust take-up pushed up prime rents for the fourth consecutive quarter. Berlin (+6.3%) led the German cities, where demand continues to be well ahead of the long-term average. In Southern Europe the momentum in the market recovery has continued in Milan (+2.0%), while Barcelona (+3.7%) and Madrid (+0.9%) have maintained their solid run. Following the EU referendum, headline rents have so far remained unchanged in London on a quarterly basis. Rentfree periods may soften as occupiers look to negotiate more flexible terms with greater lease flexibility. However, existing requirements are largely continuing as planned with very few deals being withdrawn and deals at the current prime rent recorded in recent weeks.

6 6 Global Office Index, Q Americas Office Index grows at moderate pace The Americas Office Index accelerated in Q with prime office rents in the region rising by 0.6% quarter-on-quarter, up from 0.2% in Q1. This remains a slower pace of growth than that experienced in the second half of 2015, with growth in some of the previously fastest-surging markets, such as those throughout the San Francisco Bay Area, decelerating from unsustainable levels seen earlier in the cycle. The cyclical expansion, especially in the U.S. market, remains firmly in place as landlords in the vast majority of cities enjoy market leverage over tenants and this is expected to continue to be the case into The Americas Office Index has now gained 20.1% since the cyclical trough in early 2010 and the new record level as of Q is 3.6% higher than the previous cycle s peak in There are some signs of a shift in leadership as far as cities and drivers of rental outperformance within the Americas. Technology hotspots are still performing very well, as these are generally some of the tightest office markets in the region. Even so, the rate of growth in recent years has in many cases been unsustainable and, in particular, a renewed focus by tech firm investors on profitability has slowed growth in space expansion within the industry. Meanwhile, top performers for the quarter include a diverse group such as Dallas (+8.0% quarter-on-quarter), Montreal (+6.3%), Philadelphia (+3.3%), Los Angeles (+3.0%) and Charlotte (+2.8%). More secondary cities and markets that are highly diversified are playing strong roles in the market s expansion, and this is a critical development that will keep national U.S. rents growing for the next several quarters. America may continue to see declining prime rents in the quarters ahead. Two-tier markets in MENA The MENA Index was unchanged over the quarter, with the annual increase for Q standing at 11.3% (11.9% in Q1). Demand remains strong for limited Grade A space with little interest in secondary locations, creating a two-tiered market. Dubai is the top regional performer on an annual basis (+20.0%) with declining vacancy in the Dubai International Financial Centre (DIFC) boosting rental values. The performance of the DIFC was not, however, representative of the wider market, where relatively high vacancy rates and upcoming supply have constrained rental growth. Cairo (+16.7%) also has also witnessed robust annual rental growth, driven by relocations to higher-quality space in more convenient locations while rents elsewhere in the region have been stable. Significant challenges persist in some of the region s markets, with a deep recession in Brazil and considerable new supply additions prompting continuing declines in prime rents in Rio de Janeiro (-9.1% quarter-on-quarter) and Sao Paulo (-1.6%). Soft energy prices in addition to heavy supply have been the culprit in Calgary (-7.6%), Denver (-2.4%) and Houston (-1.2%). Both of these U.S. cities have witnessed substantial increases in sublease space on the market as energy firms downsize. These challenges are not likely to dissipate appreciably in the second half of 2016 and, as such, several of these markets and potentially a few others; for instance those with very active development pipelines in Latin

7 7 Global Office Index, Q JLL Global30 Annual Office Rental Growth 17.1% 13.5% 13.0% 11.1% 9.9% 8.9% 8.5% 7.8% 5.9% 5.7% 4.4% 4.1% 3.8% 3.1% 2.8% 2.7% 2.4% 2.2% 2.1% 1.7% 1.1% -0.1% -1.1% -1.4% -2.2% -4.4% -4.8% -7.2% -8.2% -14.1% Sydney Los Angeles Atlanta Hong Kong Dallas San Francisco Paris Shanghai Manila Boston Chicago Tokyo Seoul Toronto Frankfurt Washington DC Beijing Bangkok London Guangzhou New York Mumbai Houston Delhi Mexico City Istanbul Moscow Sao Paulo Jakarta Singapore To find out more about cities and real estate, visit JLL s Cities Research Center Source: JLL, August 2016 Asia Pacific JLL Global30 are the world s largest business centres and real estate markets* JLL s Global30 represents 40% of the total GDP of the world s 300 most commercially important cities. 52% of global HQs located in JLL s Global300 cities are found in the top 30 cities *Based on an Index of Commercial Attraction derived from a weighted basket of population, GDP, corporate presence, air connectivity, commercial real estate stock and real estate investment volumes Americas Europe MENA

8 8 Global Office Index, Q Pace of rental growth to slow in H The world s dominant commercial real estate markets have, so far, weathered the political and economic storms of 2016 comparatively well. While some markets are struggling to maintain forward momentum, many have remained remarkably robust and in some cases are still expanding. Nonetheless, weaker business sentiment, economic uncertainty and continued political risks are expected to dampen leasing volume growth for the rest of 2016, with our latest projection for the full-year indicating that global volumes will be about 5% lower than the cyclical peak of 40.9 million square metres in The current development cycle, likely to peak in 2017, is proving shallower than previous cycles and the global office vacancy rate is forecast to remain stable at historically low levels over the remainder of the year. Supply constraints will continue to boost rents for prime space in most of the world s major office markets, although there are signs that aggregate rental growth is beginning to soften and the pace is predicted to slow to around 2%-3% for the full-year. Office leasing volumes in Asia Pacific were down 4% in H over the same period a year earlier, and growth of 0%- 5% is now anticipated in 2016, reflecting the delayed impact of stock market volatility at the beginning of the year and uncertainty regarding the slowdown in China. A vigorous performance in the first half of the year supports our view that Sydney will record the strongest rental growth in Asia Pacific in Large supply pipelines and regional economic uncertainty are expected to lead to slower regional rental growth in H In Europe, our current leasing volumes forecast of 11.1 million square metres for full-year 2016 represents a 5%-10% decrease on However, on the back of the robust activity in the first half of the year, there is some upside potential to the full-year 2016 take-up forecast if the current acceleration of occupier activity is maintained. A period of steady rental increases for prime European offices is projected, with rental growth of 2.5%-3% in Western Europe set to outperform the 10-year average over the next few years. In London, rental growth is predicted to move into negative territory during the second half of the year, but low vacancy coupled with an increasingly diverse occupier base should prevent a substantial fall in rents. Stockholm and Madrid are expected to be the region s high performers over The U.S. economy is regaining its footing following a relatively soft beginning to Employment growth continues to be solid, although somewhat lower than that seen in The shift in national composition of rental growth away from energy and tech-dominated markets towards more diversified primary markets and a greater number of secondary markets is expected to continue into However, parts of Latin America and Canada will continue to face headwinds in the form of weak commodity markets and economies, as well as strong supply growth. Nevertheless, prime rental growth in the Americas will tend towards further modest acceleration, and the region s Office Index is likely to exceed 4% annual growth once again by the first half of Prime rents are projected to remain broadly stable in MENA over 2016 as most of the region s office markets continue to witness significant new supply and uncertainly over occupier demand. The general trend of two-tier markets with stronger demand for Grade A space and limited interest in secondary locations is expected to persist.

9 9 Global Office Index, Q Technical Note The JLL Global Office Index is derived from the weighted average of the rental movements of JLL s European, Asia Pacific, Americas and Middle East and North African (MENA) Regional Indexes that cover 110 office markets in total. They are weighted by real GDP (US dollar basis) for each region from Oxford Economics. Weights are adjusted annually. The latest weights are 29% - Europe; 31% - Asia Pacific; 34% - Americas; 4% - MENA (percentages are rounded). The European Office Index is calculated from the change in headline face rents for the highest-quality space in the premier office submarket in 39 European cities, weighted on the basis of the total office stock (all grades) in each city s overall market. The Asia Pacific Office Index is calculated from the change in average Grade A rents (net effective) in the main submarket in 27 Asia Pacific cities, weighted on the basis of Grade A stock in the main submarket of each city. The Americas Office Index is calculated from the change in average Class A rents (gross asking in North America, triple net in Latin America) in the CBD, Downtown, central areas or primary investment market of 39 Americas cities, weighted on the basis of Class A stock (DC city for Washington, DC; Hudson Waterfront for New Jersey; Palo Alto for Silicon Valley; Midtown for New York; Westside for Los Angeles; Greenwich Overall and Stamford CBD/Railroad for Fairfield County; South County for San Francisco Peninsula; overall Downtown market for Seattle; Tampa CBD-only for Tampa). The MENA Index is calculated from the change in headline face rents for the highest-quality space in the premier office submarket in five cities, weighted on the basis of the total office stock in each city s overall market.

10 10 Global Office Index, Q Quarterly Rental Performance across 110 Cities Quarterly Change Q vs Q Global 0.8% Europe 1.5% Asia Pacific 0.6% Americas 0.6% MENA 0.0% 1 Stockholm 9.4% 2 Dallas 8.0% 3 Montreal 6.3% 3 Berlin 6.3% 5 San Francisco Peninsula 5.8% 6 Oakland-East Bay 5.7% 7 Bengaluru 4.8% 8 Barcelona 3.7% 9 Manila 3.4% 9 Paris 3.4% 11 Philadelphia 3.3% 12 Los Angeles 3.0% 13 Sydney 2.9% 14 Charlotte 2.8% 15 Rome 2.6% 16 Stuttgart 2.5% 17 Hong Kong 2.3% 18 St. Louis 2.1% 19 Milan 2.0% 19 Seoul 2.0% 21 Miami 1.9% 21 Dusseldorf 1.9% 23 Chicago 1.7% 23 Hanoi 1.7% 25 Osaka 1.6% 26 Munich 1.5% 27 Toronto 1.4% 27 Fairfield County 1.4% 27 Austin 1.4% 30 Seattle 1.2% 31 Tampa 1.1% 32 Silicon Valley 1.0% 33 Shanghai 0.9% 33 Baltimore 0.9% 33 Madrid 0.9% 33 Washington, DC 0.9% 37 Bogota 0.8% 38 San Diego 0.7% 39 Buenos Aires 0.6% 39 Portland 0.6% 39 Ho Chi Minh City 0.6% 39 San Francisco 0.6% 39 Auckland 0.6% 44 Atlanta 0.5% 44 Guangzhou 0.5% 46 Tokyo 0.4% 47 Canberra 0.3% 48 Vancouver 0.1% 48 New Jersey 0.1% 50 Phoenix 0.0% 50 Abu Dhabi 0.0% 50 Amsterdam 0.0% 50 Athens 0.0% Quarterly Change Q vs Q Birmingham 0.0% 50 Brussels 0.0% 50 Bucharest 0.0% 50 Budapest 0.0% 50 Cairo 0.0% 50 Chennai 0.0% 50 Cologne 0.0% 50 Copenhagen 0.0% 50 Detroit 0.0% 50 Dubai 0.0% 50 Dublin 0.0% 50 Edinburgh 0.0% 50 Frankfurt 0.0% 50 Geneva 0.0% 50 Glasgow 0.0% 50 Hamburg 0.0% 50 Helsinki 0.0% 50 Jeddah 0.0% 50 Lisbon 0.0% 50 London 0.0% 50 Luxembourg 0.0% 50 Lyon 0.0% 50 Manchester 0.0% 50 Melbourne 0.0% 50 Mexico City 0.0% 50 Moscow 0.0% 50 Oslo 0.0% 50 Prague 0.0% 50 Riyadh 0.0% 50 Rotterdam 0.0% 50 The Hague 0.0% 50 Utrecht 0.0% 50 Warsaw 0.0% 87 New York -0.1% 88 Mumbai -0.5% 88 Adelaide -0.5% 88 Beijing -0.5% 91 Bangkok -0.6% 91 Santiago -0.6% 91 Boston -0.6% 91 Brisbane -0.6% 95 Kuala Lumpur -0.7% 96 Taipei -0.9% 97 Orlando -1.1% 97 Wellington -1.1% 99 Houston -1.2% 100 Zurich -1.3% 101 Sao Paulo -1.6% 102 Monterrey -2.1% 103 Denver -2.4% 105 Jakarta -2.8% 105 Singapore -3.3% 106 Delhi -3.7% 107 Istanbul -4.4% 108 Perth -4.7% 109 Calgary -7.6% 110 Rio de Janeiro -9.1% Source: JLL, August 2016

11 11 Global Office Index, Q Annual Rental Performance across 110 Cities Annual Change Q vs Q Global 3.6% Europe 4.3% Asia Pacific 2.7% Americas 3.1% MENA 11.3% 1 Oakland-East Bay 35.4% 2 Stockholm 28.9% 3 Dublin 20.0% 3 Dubai 20.0% 5 Sydney 17.1% 6 Cairo 16.7% 7 Los Angeles 13.5% 8 Atlanta 13.0% 9 Austin 12.1% 10 Hong Kong 11.1% 11 Berlin 10.9% 12 Barcelona 10.5% 12 Athens 10.5% 12 Bengaluru 10.5% 15 Seattle 10.1% 16 Budapest 10.0% 17 Dallas 9.9% 17 Buenos Aires 9.9% 19 Osaka 9.5% 20 San Francisco 8.9% 21 Philadelphia 8.7% 22 Paris 8.5% 22 San Diego 8.5% 24 Shanghai 7.8% 25 Charlotte 7.7% 26 Baltimore 7.6% 27 Denver 7.2% 28 Madrid 6.7% 28 Birmingham 6.7% 30 San Francisco Peninsula 6.5% 31 Phoenix 6.4% 31 Milan 6.4% 33 Manila 5.9% 34 Boston 5.7% 34 Miami 5.7% 36 Silicon Valley 5.4% 37 Rome 5.3% 38 Stuttgart 5.1% 39 Chicago 4.4% 39 Portland 4.3% 41 Tokyo 4.1% 42 Seoul 3.8% 43 Tampa 3.7% 43 Orlando 3.7% 45 St. Louis 3.5% 46 Edinburgh 3.3% 47 Toronto 3.1% 47 Montreal 3.1% 49 Manchester 3.0% 49 Munich 3.0% 49 Auckland 3.0% 52 Chennai 2.9% 53 Frankfurt 2.8% Annual Change Q vs Q Washington, DC 2.7% 55 Canberra 2.6% 56 Beijing 2.4% 57 Bangkok 2.2% 58 London 2.1% 59 Hamburg 2.0% 59 Adelaide 2.0% 61 Dusseldorf 1.9% 61 Melbourne 1.9% 63 Guangzhou 1.7% 63 Glasgow 1.7% 65 Lisbon 1.4% 66 New York 1.1% 67 Wellington 1.0% 68 Santiago 0.9% 69 Taipei 0.5% 70 Fairfield County 0.4% 71 Abu Dhabi 0.0% 71 Amsterdam 0.0% 71 Brussels 0.0% 71 Bucharest 0.0% 71 Cologne 0.0% 71 Copenhagen 0.0% 71 Helsinki 0.0% 71 Jeddah 0.0% 71 Luxembourg 0.0% 71 Lyon 0.0% 71 Oslo 0.0% 71 Prague 0.0% 71 Riyadh 0.0% 71 Rotterdam 0.0% 71 Utrecht 0.0% 71 Warsaw 0.0% 71 Detroit 0.0% 88 Mumbai -0.1% 89 New Jersey -0.6% 90 Houston -1.1% 91 Delhi -1.4% 92 Vancouver -1.7% 93 Ho Chi Minh City -2.1% 94 Mexico City -2.2% 95 Kuala Lumpur -2.7% 96 Hanoi -3.5% 96 Brisbane -3.5% 98 Zurich -4.2% 99 Istanbul -4.4% 100 Moscow -4.8% 101 Bogota -5.1% 101 The Hague -5.1% 103 Sao Paulo -7.2% 104 Geneva -8.1% 105 Jakarta -8.2% 106 Singapore -14.1% 107 Monterrey -14.8% 108 Rio de Janeiro -19.1% 109 Calgary -19.4% 110 Perth -20.1% Source: JLL, August 2016

12 12 Global Office Index, Q About JLL JLL (NYSE: JLL) is a professional services and investment management company offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 510 company with annual gross revenue of $6.0 billion and fee revenue of $5.2 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the company provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in Its investment management business, LaSalle Investment Management, has $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit About JLL Research JLL s research team delivers intelligence, analysis and insight through market-leading reports and services that illuminate today s commercial real estate dynamics and identify tomorrow s challenges and opportunities. Our more than 400 professional researchers track and analyse economic and property trends, and forecast future conditions in over 60 countries, producing unrivalled local and global perspectives. Our research and expertise, fuelled by real-time information and innovative thinking around the world, creates a competitive advantage for our clients and drives successful strategies and optimal real estate decisions. For more information, contact: Jeremy Kelly Director, Global Research Dr Jane Murray Head of Research, Asia Pacific Ben Breslau Managing Director, Americas Research James Brown Lead Director, EMEA Research Contributing Authors: Matthew McAuley Analyst, Global Research Josh Gelormini Vice President, Americas Research Craig Plumb Head of Research, MENA Alex Colpaert Analyst, EMEA Research Christopher Clausen Senior Manager, Asia Pacific Research COPYRIGHT Jones Lang LaSalle IP, Inc This publication is the sole property of Jones Lang LaSalle IP, Inc. and must not be copied, reproduced or transmitted in any form or by any means, either in whole or in part, without the prior written consent of Jones Lang LaSalle IP, Inc. The information contained in this publication has been obtained from sources generally regarded to be reliable. However, no representation is made, or warranty given, in respect of the accuracy of this information. We would like to be informed of any inaccuracies so that we may correct them. Jones Lang LaSalle does not accept any liability in negligence or otherwise for any loss or damage suffered by any party resulting from reliance on this publication.

Global Research I Q The JLL Global Premium Office Rent Tracker

Global Research I Q The JLL Global Premium Office Rent Tracker Global Research I Q4 2017 The JLL Global Premium Office Rent Tracker 2 Contents Trends to watch 3 Premium Office Rent Tracker (PORT) 4 Global ranking of office occupancy costs 5 What do occupiers seek

More information

Travelling to Liverpool

Travelling to Liverpool Travelling to Liverpool 1 2 International Airports within 45 minutes of Liverpool City Centre 226 Destinations Domestic Non EU EU 25 50 100 150 250 27.4 million passengers per year = 4 million 77 airlines

More information

ORLANDO, FLORIDA INVESTMENT SUMMARY

ORLANDO, FLORIDA INVESTMENT SUMMARY , FLORIDA As an exclusive advisor, JLL Hotel &Hospitality Group ( JLL ), is pleased to present for your consideration the fee simple sale of the 511-room Florida Hotel & Conference Center (the Hotel or

More information

Front cover picture: European Parliament, Brussels

Front cover picture: European Parliament, Brussels EUROPEAN CITIES MONITOR 2010 Front cover picture: European Parliament, Brussels EUROPEAN CITIES MONITOR Introduction This is the 21st year that Cushman & Wakefield has conducted this survey on Europe s

More information

29 th European Hotel Investment Conference Heading into thin air? Robin Rossmann Wednesday 8 November

29 th European Hotel Investment Conference Heading into thin air? Robin Rossmann Wednesday 8 November 29 th European Hotel Investment Conference Heading into thin air? Robin Rossmann Wednesday 8 November European Hotel Investment Conference Robin Rossmann, Managing Director - STR rrossmann@str.com @STR_Data

More information

A UNIQUE, GLOBAL, DIGITAL BRAND FOCUSING ON SMART SPACES THAT DELIVER OUTSTANDING VALUE RELAX, WORK AND PLAY...

A UNIQUE, GLOBAL, DIGITAL BRAND FOCUSING ON SMART SPACES THAT DELIVER OUTSTANDING VALUE RELAX, WORK AND PLAY... A UNIQUE, GLOBAL, DIGITAL BRAND FOCUSING ON SMART SPACES THAT DELIVER OUTSTANDING VALUE RELAX, WORK AND PLAY... 2002 2005 2007 2008 TIMELINE YOTEL created by YO! founder Simon Woodroffe OBE and Gerard

More information

Mobility in Cities Database

Mobility in Cities Database Mobility in Cities Database Full Dataset This dataset comprises 85 standardised indicators, covering all the 63 cities included in MCD. Customers who purchase this dataset will also receive a copy of the

More information

Cargo Market & Turkish Cargo. Network & Fleet. Fleet. Africa Routes. America Routes. Asia Pacific Routes. Central & Southern Europe Routes

Cargo Market & Turkish Cargo. Network & Fleet. Fleet. Africa Routes. America Routes. Asia Pacific Routes. Central & Southern Europe Routes AGENDA 01 02 03 04 05 Turkish Cargo & Turkish Airlines in Brief Cargo Market & Turkish Cargo Network & Fleet Products Development & Future Plans Turkish Cargo Timeline Tonnage Shares Of Regions Fleet Special

More information

TURKISH CARGO NETWORK: YOUR KEY HUB TO GLOBAL SUPPLY CHAIN November 2017

TURKISH CARGO NETWORK: YOUR KEY HUB TO GLOBAL SUPPLY CHAIN November 2017 TURKISH CARGO NETWORK: YOUR KEY HUB TO GLOBAL SUPPLY CHAIN November 2017 01 Turkish Cargo Network TURKISH CARGO TIMELINE Turkish Airlines was founded in 1933. In the meantime, Turkish Airlines carried

More information

ANDREW WATTERSON Vice President Planning and Revenue Management

ANDREW WATTERSON Vice President Planning and Revenue Management ANDREW WATTERSON Vice President Planning and Revenue Management Safe Harbor Statement The following information contains certain forward looking statements that reflect the Company s current views with

More information

ISSUE 1, 2017 Global Travel Insights

ISSUE 1, 2017 Global Travel Insights ISSUE 1, 2017 Global Travel Insights Sojern is the industry s leading traveler audience engagement platform. Activating insights from 350M traveler profiles, 100K unique audience segments, and billions

More information

Massachusetts Institute of Technology. Philippe A. Bonnefoy. Massachusetts Institute of Technology Planning & Design of Airport Systems

Massachusetts Institute of Technology. Philippe A. Bonnefoy. Massachusetts Institute of Technology Planning & Design of Airport Systems Role of the Privatization of Airports in the Dynamics of Multi-Airport Systems Philippe A. Bonnefoy Planning & Design of Airport Systems December 11 th 2007 Introduction Motivation & Problem Growth of

More information

MasterCard. Global Destination Cities Index

MasterCard. Global Destination Cities Index MasterCard Global Destination Cities Index MasterCard Worldwide Insights 2Q 2013 Top 20 Global Destination Cities in 2013 1 The top destination city by international visitor arrivals in 2013 is Bangkok,

More information

State of the States October 2017 State & territory economic performance report. Executive Summary

State of the States October 2017 State & territory economic performance report. Executive Summary State of the States October 2017 State & territory economic performance report. Executive Summary NSW ON TOP; VICTORIA CLOSES IN How are Australia s states and territories performing? Each quarter CommSec

More information

MasterCard 2015 Global Destination Cities Index

MasterCard 2015 Global Destination Cities Index MasterCard Global Destination Cities Index Tracking Global Growth: 2009- By: Dr. Yuwa Hedrick-Wong and Desmond Choong Introduction With data going back to 2009, the Global Destination Cities Index charts

More information

EDITO RIAL. Tomorrow is already here

EDITO RIAL. Tomorrow is already here 2017-2018 EDITO RIAL «Adrien and myself are honored to be at the head of the ECS Group. It is a wonderful opportunity to lead 1,000 people on their way to achieving the highest in performance, facing great

More information

Mitchel Allen, VP, Business Development March 16, 2017

Mitchel Allen, VP, Business Development March 16, 2017 Mitchel Allen, VP, Business Development March 16, 2017 1 2 THE GREATER PHOENIX ECONOMIC COUNCIL GREATER PHOENIX About the Greater Phoenix Economic Council (GPEC) 3 Our mission is to attract and grow quality

More information

Facts and figures about Munich Airport

Facts and figures about Munich Airport Location information February 2017 Munich Airport - Facts and figures about Munich Airport 1 - Direct flights from Munich 2 - Cargo traffic 3 - The airport as an engine of employment 3 - Europe's best

More information

Glenn R. Mueller, Ph.D. Professor University of Denver. Franklin L. Burns School of Real Estate & Construction Management & Dividend Capital Research

Glenn R. Mueller, Ph.D. Professor University of Denver. Franklin L. Burns School of Real Estate & Construction Management & Dividend Capital Research Real Estate Cycles Glenn R. Mueller, Ph.D. Professor University of Denver Franklin L. Burns School of Real Estate & Construction Management & Real Estate Investment Strategist Dividend Capital Research

More information

The European Hotel Market

The European Hotel Market The European Hotel Market Boutique and Lifestyle Hotel Summit 2017 Sophie Colvin Business Development scolvin@str.com 2016 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a part

More information

AIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS

AIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS AIR PASSENGER MARKET ANALYSIS JUNE 2015 KEY POINTS Global air travel rose 5.7% in June compared to a year ago, a slowdown on the strong May increase of 6.9%. The deceleration is due to slower growth in

More information

Moderate growth for passenger traffic in April; air freight volumes inch up slightly

Moderate growth for passenger traffic in April; air freight volumes inch up slightly Moderate growth for passenger traffic in April; air freight volumes inch up slightly Montréal, 15 June 2016 According to the latest statistics from Airports Council International, global airport passenger

More information

Airport Characteristics: Part 2 Prof. Amedeo Odoni

Airport Characteristics: Part 2 Prof. Amedeo Odoni Airport Characteristics: Part 2 Prof. Amedeo Odoni Istanbul Technical University Air Transportation Management M.Sc. Program Air Transportation Systems and Infrastructure Module 4 May 25, 2015 Outline

More information

International Air Connectivity for Business. How well connected are UK airports to the world s main business destinations?

International Air Connectivity for Business. How well connected are UK airports to the world s main business destinations? International Air Connectivity for Business How well connected are UK airports to the world s main business destinations? 1 Summary Air transport provides the international connectivity the country needs

More information

AIR PASSENGER MARKET ANALYSIS

AIR PASSENGER MARKET ANALYSIS Monthly RPK (Billions) Monthly FTK (Billions) Index of business confidence % change over year AIR PASSENGER MARKET ANALYSIS JANUARY 2014 KEY POINTS Air travel markets commenced 2014 with a strong increase

More information

Key Stats. Of 11 peer cities assessed, Calgary has the second highest level of economic power comparing GDP per capita

Key Stats. Of 11 peer cities assessed, Calgary has the second highest level of economic power comparing GDP per capita economy 20 Key Stats Of 11 peer cities assessed, Calgary has the second highest level of economic power comparing GDP per capita - Deloitte, Benchmarking Calgary s Competitiveness, 2015 Of 11 peer cities

More information

GET MORE HEADS IN BEDS

GET MORE HEADS IN BEDS GET MORE HEADS IN BEDS 2018 Global Hotel Programs Get access to high value travelers. RoomIt A Leading Hotel Content Provider $23BUS in total transaction volume *based on 2016 performance We focus on SERVICE

More information

Office market report. Northern Mexico Monterrey Metropolitan Area 4Q 2015

Office market report. Northern Mexico Monterrey Metropolitan Area 4Q 2015 Office market report Northern Mexico Monterrey Metropolitan Area 4Q 2015 2 Northern Mexico office report 4Q 2015 Northern Mexico Office Market The following table shows the five most important office corridors

More information

ZUJI Online Travel Report Online hotel and flight booking trends

ZUJI Online Travel Report Online hotel and flight booking trends ZUJI Online Travel Report Online hotel and flight booking trends Q1 2006: January - March www.zuji.com CONTENTS Report Methodology Key Trends Q1 2006 Section 1 Hotel Hotel booking lead time Hotel length

More information

Special Market Reports Issue 64 - IRELAND

Special Market Reports Issue 64 - IRELAND Issue 64 - IRELAND May 2016 Recovery of the Irish hotel sector Ireland experienced a stellar tourism performance in 2015 with record numbers of overseas visitors, a 5th consecutive year of RevPAR growth

More information

Hotel, Tourism and Leisure. Asia Pacific Quarterly Update Volume 4 Spotlight: Vietnam

Hotel, Tourism and Leisure. Asia Pacific Quarterly Update Volume 4 Spotlight: Vietnam Hotel, Tourism and Leisure Asia Pacific Quarterly Update Volume 4 Spotlight: Vietnam ASIA PACIFIC HOTEL REVIEW HOTEL OPENINGS Q3 2014 was a busy quarter for hotel openings, with 58 hotels opened, increasing

More information

HelmsBr Meeting I ndustry T rends 2011 September 10, 2010

HelmsBr Meeting I ndustry T rends 2011 September 10, 2010 HelmsBriscoe Meeting Industry Trends 2011 September 10, 2010 Agenda HelmsBriscoe Overview Market Conditions Key Meeting Industry Trends Q&A HB By the Numbers The largest meetings procurement firm in the

More information

Enskilda Nordic Seminar 2006 Copenhagen 12 January President and CEO Jukka Hienonen

Enskilda Nordic Seminar 2006 Copenhagen 12 January President and CEO Jukka Hienonen Enskilda Nordic Seminar 2006 Copenhagen 12 January 2006 President and CEO Jukka Hienonen On blue and white wings since 1923 Over 8 million passengers/year Turnover 1.7 billion euro 9 000 employees 70 aircraft

More information

Industrial Market Report

Industrial Market Report Industrial Report Northeast Mexico 1Q 2016 Tamaulipas, Nuevo León, Coahuila, Chihuahua Americas Research Northeast Mexico Industrial Overview JLL s Industrial Services is a dedicated team focused 100%

More information

AEW RESEARCH VALUE BEYOND THE GATEWAY MARKETS Q FOCUSED ON THE FUTURE OF REAL ESTATE FOCUSED ON THE FUTURE OF REAL ESTATE

AEW RESEARCH VALUE BEYOND THE GATEWAY MARKETS Q FOCUSED ON THE FUTURE OF REAL ESTATE FOCUSED ON THE FUTURE OF REAL ESTATE AEW RESEARCH VALUE BEYOND THE GATEWAY MARKETS Q1 2017 2 VALUE BEYOND THE GATEWAY MARKETS VALUE BEYOND THE GATEWAY MARKETS 3 Investors should expand their horizons beyond the usual gateway markets of London,

More information

48 Oct-15. Nov-15. Travel is expected to grow over the coming 6 months; at a slower rate

48 Oct-15. Nov-15. Travel is expected to grow over the coming 6 months; at a slower rate Analysis provided by TRAVEL TRENDS INDE OCTOBER 2016 CTI shows travel grew in October 2016. LTI predicts easing travel growth through the first four months of 2017, with some momentum sustained by domestic

More information

Massport. Airline Route Development at Boston Logan

Massport. Airline Route Development at Boston Logan Massport Airline Route Development at Boston Logan Presentation to MLA: July 13, 2017 Airline Route Development is a Core Element of Massport s Mission Enhance the economic growth in Massachusetts and

More information

Multi-Airport Systems in Era of Low-Cost Carriers. Dr. Richard de Neufville

Multi-Airport Systems in Era of Low-Cost Carriers. Dr. Richard de Neufville Multi-Airport Systems in Era of Low-Cost Carriers Dr. Richard de Neufville Professor of Systems Engineering and of Civil and Environmental Engineering Massachusetts Institute of Technology Theme No-frills

More information

Asia-Pacific Aviation: Growth and Challenges

Asia-Pacific Aviation: Growth and Challenges Asia-Pacific Aviation: Growth and Challenges A presentation to the ACI-NA International Aviation Issues Seminar Steve Martin Page 1 Page 2 Defining the Asia Pacific We ll call it GMT +5 GMT +12, minus

More information

Mar-16. Apr-16. Travel is expected to grow over the coming 6 months; at a slower rate

Mar-16. Apr-16. Travel is expected to grow over the coming 6 months; at a slower rate Analysis provided by TRAVEL TRENDS INDE MARCH 2017 CTI reading of.8 in March 2017 shows that travel to and within the U.S. grew by 3.6% from March 2016 to March 2017. LTI predicts overall positive travel

More information

Travel Talk. Congratulations. Don t miss American Express Prize. Maha. American Express Travel Services Egypt Lucky Winner.

Travel Talk. Congratulations. Don t miss American Express Prize. Maha. American Express Travel Services Egypt Lucky Winner. December 2011 Maha Travel Talk Congratulations American Express Travel Services Egypt Lucky Winner Mr. Mahmoud Fathy from IT Works is the winner of one Pocket Mouse presented by British Airways. Please

More information

An Economic Snapshot of Honduras

An Economic Snapshot of Honduras An Economic Snapshot of Honduras A diversifying economy and a healthy tourism sector create strong demand for hotels in this Central American hotspot Jane Rogers, Senior Project Manager HVS CONSULTING

More information

APRIL 2011 BRUSSELS, BELGIUM UPSCALE HOTEL MARKET. Sophie Perret Associate Director. HVS London 7 10 Chandos Street, London W1G 9DQ, UK

APRIL 2011 BRUSSELS, BELGIUM UPSCALE HOTEL MARKET. Sophie Perret Associate Director.  HVS London 7 10 Chandos Street, London W1G 9DQ, UK APRIL 2011 BRUSSELS, BELGIUM UPSCALE HOTEL MARKET Sophie Perret Associate Director www.hvs.com HVS London 7 10 Chandos Street, London W1G 9DQ, UK FIGURE 1: BEDNIGHTS IN BRUSSELS BY PURPOSE OF VISIT 2009

More information

UNITED STATES OF AMERICA NORTH AMERICA TOP 10 DAILY PARKING RATES Parking Rates Median (US$) Chicago, IL.

UNITED STATES OF AMERICA NORTH AMERICA TOP 10 DAILY PARKING RATES Parking Rates Median (US$) Chicago, IL. C O L L I E R S I N T E R N A T I O N A L N O R T H A M E R I C A Parking Rates C B D P A R K I N G R A T E S U R V E Y 2 0 0 9 GLOBAL COMPARISON TOP 25 MONTHLY UNRESERVED PARKING RATES MEDIAN (US$) London

More information

Year-to-Date Total Expenditures and Visitor Arrivals Remained Ahead of Last Year

Year-to-Date Total Expenditures and Visitor Arrivals Remained Ahead of Last Year For Immediate Release: November 27, 2013 HTA Release (13-35) 2013 TOTAL VISITOR EXPENDITURES AND ARRIVALS DECLINED FOR THE SECOND MONTH Year-to-Date Total Expenditures and Visitor Arrivals Remained Ahead

More information

Glenn R. Mueller, Ph.D. Professor University of Denver. Franklin L. Burns School of Real Estate & Construction Management &

Glenn R. Mueller, Ph.D. Professor University of Denver. Franklin L. Burns School of Real Estate & Construction Management & Real Estate Cycles Glenn R. Mueller, Ph.D. Professor University of Denver Franklin L. Burns School of Real Estate & Construction Management & Real Estate Investment Strategist Dividend Capital Research

More information

Passenger Flows Zurich Airport. July to November 2011

Passenger Flows Zurich Airport. July to November 2011 Passenger Flows Zurich Airport July to November 2011 Table of Contents Preface 3 Spatial distribution of passenger types 4 Graphics 5 Detailed information on gates 9 1.1. Bus Gates A01 - A10 9 1.2. Bus

More information

Frankfurt Hotel 2014/2015. Frankfurt. Market Report. Accelerating success.

Frankfurt Hotel 2014/2015. Frankfurt. Market Report. Accelerating success. Market Report Frankfurt Hotel 2014/2015 Frankfurt Market Report Accelerating success. Overall information Frankfurt am Main has a population of just under 700,000 and is a major hub of the financial industry

More information

NEW ZEALAND TRENDS IN PROPERTY AND CONSTRUCTION MARCH 2010

NEW ZEALAND TRENDS IN PROPERTY AND CONSTRUCTION MARCH 2010 NEW ZEALAND TRENDS IN PROPERTY AND CONSTRUCTION MARCH 2010 OFFICES AROUND THE WORLD 1300 ASK RLB (Aust.) 0508 ASK RLB (NZ) AMERICAS ASIA EMEA OCEANIA CANADA Calgary Toronto CARIBBEAN Barbados Grand Cayman

More information

THEPEGASUS VIEW. second quarter Global Online Hotel Bookings and Rates Experience Highest Year-on-year Growth in Last 12 Months

THEPEGASUS VIEW. second quarter Global Online Hotel Bookings and Rates Experience Highest Year-on-year Growth in Last 12 Months THEPEGASUS VIEW second quarter 2014 Global Online Hotel Bookings and Rates Experience Highest Year-on-year Growth in Last 12 Months The second quarter ended on a high note for both the business and leisure

More information

International Convention Badges

International Convention Badges Images may not be the actual size. (Reduced the image sizes to save white space in the catalog) Images provided by Lion Verle Malik Created 07/24/2015. 1923 1924 1925 7th Annual Convention June 26-29,

More information

TRAVEL & TOURISM CITY TRAVEL & TOURISM IMPACT 2017 ASIA PACIFIC

TRAVEL & TOURISM CITY TRAVEL & TOURISM IMPACT 2017 ASIA PACIFIC TRAVEL & TOURISM CITY TRAVEL & TOURISM IMPACT 2017 ASIA PACIFIC TRAVEL & TOURISM CITY IMPACT As the world rapidly urbanises, so too is there a need to manage that growth with effective planning. A successful

More information

OUTLOOK FOR BOEING AND CIVIL AVIATION

OUTLOOK FOR BOEING AND CIVIL AVIATION OUTLOOK FOR BOEING AND CIVIL AVIATION Randy Tinseth Dr. Fariba Alamdari Vice President, Vice Marketing President, Boeing Market Commercial and Value Airplanes Analysis Boeing Commercial June Airplanes

More information

Year-to-Date Total Visitor Expenditures and Arrivals Continued to Exceed Last Year

Year-to-Date Total Visitor Expenditures and Arrivals Continued to Exceed Last Year For Immediate Release: December 27, 2013 HTA Release (13-36) TOTAL VISITOR EXPENDITURES AND ARRIVALS FOR 2013 DECREASED FOR THE THIRD CONSECUTIVE MONTH Year-to-Date Total Visitor Expenditures and Arrivals

More information

An Overview of SATS. Cho Wee Peng, CFO SIAS Corporate Profile & Investment Seminar 30 November 2013

An Overview of SATS. Cho Wee Peng, CFO SIAS Corporate Profile & Investment Seminar 30 November 2013 An Overview of SATS Cho Wee Peng, CFO SIAS Corporate Profile & Investment Seminar 30 November 2013 Forward Looking Statements This presentation may contain forward-looking statements regarding, among other

More information

We Make It Fly. Airbus Commercial Aircraft Presentation November 2017

We Make It Fly. Airbus Commercial Aircraft Presentation November 2017 We Make It Fly. Aviation drives our global economy. Air traffic doubles every 15 years 3.6 billion Passengers 62.7million Jobs supported 51.2 million Tonnes of freight $2.7trillion Global GDB annually

More information

The Presence of Intesa Sanpaolo in the META Region

The Presence of Intesa Sanpaolo in the META Region The Presence of Intesa Sanpaolo in the META Region Milan, 11 October 2017 Agenda 1 Intesa Sanpaolo and the Group's International Network Intesa Sanpaolo's Support for Internationalization The Presence

More information

Technology. Technology trade fairs and events.

Technology. Technology trade fairs and events. Technology Technology trade fairs and events www.technology.messefrankfurt.com Innovative world of events High-tech meets know-how. Innovation meets perfection. Global meets regional. With more than 100

More information

Hamburg Market Report

Hamburg Market Report Market Report Hamburg Hotel 2014/2015 Hamburg Market Report Accelerating success. Overall information The Hanseatic City of Hamburg has a population of about 1.75 million, making it the second largest

More information

Global Aviation Monitor (GAM)

Global Aviation Monitor (GAM) Global Aviation Monitor (GAM) Analysis and Short Term Outlook of Global, European and German Air Transport Main Results of Global Air Transport Supply Analysis and Outlook Background: Covers about 3,500

More information

QUALITY OF SERVICE INDEX

QUALITY OF SERVICE INDEX QUALITY OF SERVICE INDEX Advanced Presented by: David Dague SH&E, Prinicpal Airports Council International 2010 Air Service & Data Planning Seminar January 26, 2010 Workshop Agenda Introduction QSI/CSI

More information

HAWAI I TOURISM INDUSTRY SET NEW RECORDS IN 2016 $15.6 BILLION IN VISITOR SPENDING; 8.9 MILLION ARRIVALS

HAWAI I TOURISM INDUSTRY SET NEW RECORDS IN 2016 $15.6 BILLION IN VISITOR SPENDING; 8.9 MILLION ARRIVALS For Immediate Release: January 30, 2017 HTA Release (17-04) HAWAI I TOURISM INDUSTRY SET NEW RECORDS IN 2016 $15.6 BILLION IN VISITOR SPENDING; 8.9 MILLION ARRIVALS HONOLULU Hawai i s tourism industry

More information

Traffic Development Policy

Traffic Development Policy 2017-2018 Guidelines Strategy The aims at attracting incremental traffic to Genoa airport through: Point to point connections: development of new direct routes to domestic and international airports, including

More information

Bratislava City Report Q4 2015

Bratislava City Report Q4 2015 Bratislava City Report Q4 2015 Millions Economy / Investment Market Key facts Annual GDP growth (%) Real GDP growth in Q3 grew by 0.9% on the quarter. GDP growth is forecast at 3.4% in 2015 and 3.2% in

More information

Athens International Airport. The 2007 market performance

Athens International Airport. The 2007 market performance Athens International Airport The 2007 market performance Great overall performance 70 Airlines 15 New Aer Lingus Air Baltic Air China Carpatair Centralwings Clickair Continental Airlines Finnair Ilyich-Avia

More information

2008 Asia Hotel Valuation Index (HVI)

2008 Asia Hotel Valuation Index (HVI) 2008 Asia Hotel Valuation Index (HVI) David Ling, MSc, BBus (Dist), MSISV, AAPI Managing Director, Consulting & Valuation, Asia Basil Chan, B.Sc. (Hons) (Real Estate) Senior Associate, Consulting & Valuation,

More information

TRAVEL & TOURISM CITY TRAVEL & TOURISM IMPACT 2017 NORTH AMERICA

TRAVEL & TOURISM CITY TRAVEL & TOURISM IMPACT 2017 NORTH AMERICA TRAVEL & TOURISM CITY TRAVEL & TOURISM IMPACT 2017 NORTH AMERICA TRAVEL & TOURISM CITY IMPACT As the world rapidly urbanises, so too is there a need to manage that growth with effective planning. A successful

More information

Industrial Report. Americas Research. Northeast Mexico 4Q 2013

Industrial Report. Americas Research. Northeast Mexico 4Q 2013 Industrial Report Americas Research Northeast Mexico 4Q 2013 Northeast Mexico Industrial Overview The Northeast markets have had a considerable rise in activity. The Monterrey Metropolitan area has registered

More information

Perth WESTERN AUSTRALIA. Prosperity Energy Opportunity

Perth WESTERN AUSTRALIA. Prosperity Energy Opportunity Perth WESTERN AUSTRALIA Prosperity Energy Opportunity 1 Feel the Energy Image: View of central Perth from South Perth Courtesy of Tourism Western Australia Perth is Western Australia s Capital City; a

More information

The state of the casino industries

The state of the casino industries www.ibisworld.com Special Report January 2010 1 Special Report January 2010 The U.S. casino industries today The economic crisis that has gripped the globe has had a profound impact on the casino industries

More information

Get Smart Market Insights from Our Research Team Customer Conference

Get Smart Market Insights from Our Research Team Customer Conference Get Smart Market Insights from Our Research Team 217 Customer Conference Presenters Amanda Nunnink Amanda Nunnink Steve Steve Guggenmos Guggenmos Sara Steve Hoffman Griffin Steve Sara Griffin Hoffmann

More information

Why Invest in Australia?

Why Invest in Australia? Great Barrier Reef Northern Territory Queensland Western Australia South Australia Gold Coast New South Wales Victoria Australian Capital Territory Tasmania Australia is the biggest island in the world;

More information

Finnair Group Interim Report 1 January 30 June 2008

Finnair Group Interim Report 1 January 30 June 2008 Finnair Group Interim Report 1 January 30 June 2008 1 08/08/2008 Presentation name / Author Airline industry at a historical turning point Fuel price has a stranglehold on the business Average ticket prices

More information

The Need and Urgency for a Three-Runway System (3RS) August 7, 2014

The Need and Urgency for a Three-Runway System (3RS) August 7, 2014 The Need and Urgency for a Three-Runway System (3RS) August 7, 2014 1 1 Need for 3RS? 2 Recent criticism HKIA is being managed inefficiently AA allows the proliferation of narrow-bodied aircraft and small

More information

Sydney CBD Office Market

Sydney CBD Office Market WINTER 2016 MARKET TRENDS Leasing demand strong, led by take-up in the property services, education and finance and insurance sectors. Supply levels high over 2015 Stock withdrawals to increase in 2016

More information

Asia Pacific Hotel MarketView

Asia Pacific Hotel MarketView US$ (Billions) Asia Pacific Hotel MarketView H1 2014 YTD APRIL VISITOR ARRIVALS: 6.0% y-o-y CBRE Global Research and Consulting INVESTMENT VOLUME MODERATES IN FIRST HALF OF 2014 AMID MUTED REGIONAL HOTEL

More information

Hotels & Hospitality. Knowledge, strategy results. Hotel Intelligence UK. October 2013

Hotels & Hospitality. Knowledge, strategy results. Hotel Intelligence UK. October 2013 Hotels & Hospitality Hotel Intelligence UK October 2013 Optimistic GDP growth in the UK is having a positive effect on hotel revenues, with trading holding up exceptionally well and RevPAR growth in a

More information

MARKETBEAT U.S. Office

MARKETBEAT U.S. Office MARKETBEAT U.S. Office Q1 2017 U.S. OFFICE Employment Indicators Q1 16 Q1 17 Total Nonfarm Employment 143.4M 145.7M Offi ce-using Employment 30.9M 31.7M Unemployment 4.9% 4.6% Source: BLS Market Indicators

More information

Tourism Calendar 2016

Tourism Calendar 2016 Brought to you by Tourism Calendar 2016 With a proud tradition of promoting travel to Africa, Africa Showcase is dedicated to the evolution and growth of travel and tourism to the regions and products

More information

Strong Demand Pushing Hotels to Choking Point

Strong Demand Pushing Hotels to Choking Point New Zealand, H1 2017 Strong Demand Pushing Hotels to Choking Point OCCUPANCY 0.4 p.p. ADR 11.8% y-o-y RevPAR 12.4% y-o-y International Arrivals 10.2% y-o-y Chart 1: International Visitor Arrivals 3,800,000

More information

Monthly Employment Watch: Milwaukee and the Nation's Largest Cities

Monthly Employment Watch: Milwaukee and the Nation's Largest Cities Monthly Employment Watch: Milwaukee and the Nation's Largest Cities A monthly report on employment trends in the nation s largest cities Prepared by: The University of Wisconsin-Milwaukee Center for Economic

More information

Global Aviation Monitor (GAM)

Global Aviation Monitor (GAM) Global Aviation Monitor (GAM) Analysis and Short Term Outlook of Global, European and German Air Transport Main Results of Global Air Transport Supply Analysis and Outlook Background: Covers about 3,500

More information

Taiwan Market Opportunities. Quentin Bai Trade and Investment Commissioner - Taiwan 澳大利亞昆士蘭州貿易暨投資駐台灣辦事處

Taiwan Market Opportunities. Quentin Bai Trade and Investment Commissioner - Taiwan 澳大利亞昆士蘭州貿易暨投資駐台灣辦事處 Taiwan Market Opportunities Quentin Bai Trade and Investment Commissioner - Taiwan 澳大利亞昆士蘭州貿易暨投資駐台灣辦事處 Taiwan at a Glance Taiwan Queensland Land Area 36,191 Sq km 1,730,648 Population 23.1 Million 4,513,850

More information

Tourism and hotel market outlook Executive summary

Tourism and hotel market outlook Executive summary Tourism and hotel market outlook Executive summary Edition 2, 2017 Tourism and hotel market outlook Edition 2, 2017 Australia About the Tourism and Hotel Market Outlook This executive summary presents

More information

Hotel. Structured Property Financing HOTEL PROPERTIES

Hotel. Structured Property Financing HOTEL PROPERTIES Hotel Structured Property Financing HOTEL PROPERTIES Hotel Dear clients and business partners Our approach to property finance? In-depth expertise and flexibility in all our markets across three continents.

More information

AIR CARGO RECOVERY DRIVERS AND ROADBLOCKS Airports Council International North America Calgary

AIR CARGO RECOVERY DRIVERS AND ROADBLOCKS Airports Council International North America Calgary AIR CARGO RECOVERY DRIVERS AND ROADBLOCKS Airports Council International North America Calgary DAN MUSCATELLO Landrum & Brown September 9, 0 Metric Tons (in millions) GLOBAL AIR CARGO VOLUMES Global air

More information

Megahubs International Index

Megahubs International Index Published: Sep 2017 2017 Megahubs International Index The World s Most Internationally Connected Airports 2017 OAG Aviation Worldwide Limited. All rights reserved OAG Megahubs International Index 2017

More information

European city tourism Study Analysis and findings

European city tourism Study Analysis and findings European city tourism 2015 Study Analysis and findings Vienna, November 2015 Contents Page A. Management summary 3 B. Study objective and approach 8 C. Study results 14 D. Selected city profiles 19. Roland

More information

THE HONGKONG AND SHANGHAI HOTELS, LIMITED

THE HONGKONG AND SHANGHAI HOTELS, LIMITED To: All Financial/Business/Travel Editors FOR IMMEDIATE RELEASE 24 AUGUST, 2011 THE HONGKONG AND SHANGHAI HOTELS, LIMITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2011 HIGHLIGHTS Positive momentum

More information

Powerscourt House and Gardens, Co Wicklow

Powerscourt House and Gardens, Co Wicklow Powerscourt House and Gardens, Co Wicklow SOAR (Situation & Outlook Analysis Report) December 2017 1. Summary Headlines Latest official figures for overseas arrivals to Ireland from January to October

More information

Capital Markets Update: Transactions, Financing and Market Value

Capital Markets Update: Transactions, Financing and Market Value Hotels & Hospitality Capital Markets Update: Transactions, Financing and Market Value State of the Industry Alert Meet the Money Conference May 7, 2013 Greg Hartmann, MAI, MRICS, CHA Executive Vice President

More information

ICCA ASIA PACIFIC CHAPTER MEETING No Logos & Genius, IMEX Frankfurt Monday, 23 May International Congress and Convention Association

ICCA ASIA PACIFIC CHAPTER MEETING No Logos & Genius, IMEX Frankfurt Monday, 23 May International Congress and Convention Association ICCA ASIA PACIFIC CHAPTER MEETING No 1.2011 Logos & Genius, IMEX Frankfurt Monday, 23 May 2011 1. Welcome Remarks Martin Winter ICCA Asia Pacific Chapter Chair 2. Confirmation of Minutes Asia Pacific Chapter

More information

Shun Tak Announces Interim Results for Year 2017

Shun Tak Announces Interim Results for Year 2017 For Immediate Release SHUN TAK HOLDINGS LIMITED (Incorporated in Hong Kong with limited liability) (Stock code: 242) website: http://www.shuntakgroup.com Shun Tak Announces Interim Results for Year 2017

More information

Brisbane. Executive Summary. Economic Overview. Q Industrial Market Commentary

Brisbane. Executive Summary. Economic Overview. Q Industrial Market Commentary Q3 2017 Industrial Market Commentary Brisbane Executive Summary The Brisbane industrial market is showing tangible signs of improvement, after relatively soft leasing conditions in 2016. Gross take-up

More information

MACQUARIE AIRPORTS FULL YEAR & FOURTH QUARTER 2008 RESULTS FOR SYDNEY AIRPORT

MACQUARIE AIRPORTS FULL YEAR & FOURTH QUARTER 2008 RESULTS FOR SYDNEY AIRPORT Macquarie Airports Management Limited ABN 85 075 295 760 AFS Licence No. 236875 A Member of the Macquarie Group of Companies No. 1 Martin Place SYDNEY NSW 2000 GPO Box 4294 SYDNEY NSW 1164 AUSTRALIA Telephone

More information

The Lazy Summer LAS VEGAS HOTEL Q Research & Forecast Report. Economic Indicators +3.8% Market Indicators

The Lazy Summer LAS VEGAS HOTEL Q Research & Forecast Report. Economic Indicators +3.8% Market Indicators Research & Forecast Report LAS VEGAS HOTEL Q3 2017 The Lazy Summer > > Hospitality sales rebounded in the third quarter of 2017, but remained light overall > > Visitor volume continued to lag just behind

More information

Industrial Market. jll.co.uk/industrial Spring 2017

Industrial Market. jll.co.uk/industrial Spring 2017 Industrial Market UK Tracker jll.co.uk/industrial Spring 2017 Our industrial agents (multi-let) n o i t c u d o r t In Welcome to our new UK Industrial Market Tracker, which aims to monitor and evaluate

More information

Executive Company Overview. Executive Company Overview, 06.14

Executive Company Overview. Executive Company Overview, 06.14 Executive Company Overview Executive Company Overview, 06.14 Creating and Delivering the World's Finest Aviation Experience Executive Company Overview, 06.14, Page 1 Gulfstream Aerospace Corporation Leading

More information

Finnair Group Annual Report 1 January 31 December 2006

Finnair Group Annual Report 1 January 31 December 2006 Finnair Group Annual Report 1 January 31 December 2006 2006: A year for restructuring Scheduled Passenger Traffic transforming to meet Asian traffic demands Labour negotiations to cut 670 jobs 80 million

More information

Passenger traffic growth rate slowed to 3.6% in August; air freight volumes increased by 4.8%

Passenger traffic growth rate slowed to 3.6% in August; air freight volumes increased by 4.8% Passenger traffic growth rate slowed to 3.6% in August; air freight volumes increased by 4.8% Montréal, 24 October Global airport passenger traffic lost momentum from a growth rate of 5.4% in July to 3.6%

More information