The Economic Impacts of the Open Skies Initiative: Past and Future

Size: px
Start display at page:

Download "The Economic Impacts of the Open Skies Initiative: Past and Future"

Transcription

1 The Economic Impacts of the Open Skies Initiative Past and Future strategic transportation & tourism solutions The Economic Impacts of the Open Skies Initiative: Past and Future Prepared for Aéroports de Montréal, The Greater Toronto Airport Authority, and the Vancouver International Airport Authority

2 The Economic Impacts of the Open Skies Initiative Past and Future The Economic Impacts of the Open Skies Initiative Past and Future Prepared for Aéroports de Montréal Greater Toronto Airport Authority Vancouver International Airport Authority Prepared by InterVISTAS Consulting Inc.

3 The Economic Impacts of the Open Skies Initiative Past and Future Page i Executive Summary The Impact of the 1995 Open Transborder Air Services Agreement The open transborder agreement that was signed in 1995 by Canada and the U.S., increased transborder passenger traffic by roughly 3.3 million passengers per annum relative to what had been forecast prior to 1995, as shown in the following table. Table 1: Increase in Transborder Passengers Attributed to the 1995 Open Transborder Agreement Type of Increase (pre 9/11) Cumulative increase in passengers 1 15 million 10 million Cumulative increase in passengers with adjustment for impact of 9/11 15 million 33 million Average annual increase in passengers 2.5 million 3.3 million The growth in transborder air service has had significant positive economic impacts for Canada. During the period prior to 9/11, the increase in transborder air traffic, relative to the 1994 preagreement forecast, generated roughly 4,500 additional person years of Canadian employment per annum, $160 million in wages and almost $300 million in gross domestic product (GDP). Including indirect and induced impacts, the annual job creation total may have been 9,400 person years, $325 million in wages and just under $600 million in GDP. Potential Impact of Full Open Skies A new bilateral air services agreement between Canada and the U.S. could be agreed upon in the near future. This expanded agreement might take the name Full Open Skies, and would expand upon the previous agreement by offering Canadian and U.S. carriers fifth freedom rights for passenger services, and fifth and seventh freedom rights for cargo services. This potential agreement would create significant additional economic impacts through increased passenger and cargo services, as well as increased tourism spending. The following table summarises the direct economic impacts associated with some individual types of new air services which could materialise with a full open skies agreement. 1 This is the difference between actual enplaned/deplaned transborder passengers carried versus the forecast of transborder passengers as per the 1994 forecast.

4 The Economic Impacts of the Open Skies Initiative Past and Future Page ii Table 2: Potential Incremental Annual Direct Economic Impacts of a Full Open Skies Agreement Type of new air service Person Years Wages GDP Economic 5 th freedom passenger service Canadian carrier 5 th freedom passenger service U.S. carrier 5 th freedom cargo service U.S. heavy-lift carrier 5 th freedom cargo service U.S. integrator 175 PY $6.2 million $11.9 million $22.9 million 105 PY $3.8 million $7.2 million $13.8 million 77 PY $2.7 million $5.2 million $10.1 million 98 PY $3.5 million $6.7 million $12.8 million The total impact of a full open skies agreement would of course depend on the number of new air services that are generated. As an illustration of the total potential impact of full open skies, the following table documents the impacts of a package of 5 new Canadian routes enabled by full open skies (e.g., a Canadian carrier flying via the U.S. to Latin American destinations) and for new U.S. routes. Table 3: Potential Annual Incremental Direct Economic Impacts of a Full Open Skies Agreement For scenario of 5 new Canadian and 4 new U.S. routes Type of new air service Person Years Wages GDP Economic Direct 1,294 PY $46 million $88 million $170 million Indirect 682 PY $23.6 million $44 million $87 million Induced 737 PY $24.7 million $46 million $104 million Total 2,713 PY $94.4 million $178 million $361 million

5 The Economic Impacts of the Open Skies Initiative Past and Future Page iii Tourism Impacts The above economic impacts are those associated largely with the aviation sector of Canada s economy. New air services, however, also stimulate other economic sectors, such as tourism and export industries. This study examined the tourism impacts and found that they were larger than the aviation impacts. For example, while a 5 th freedom passenger service by a U.S. carrier could generate as many as 105 direct person years of Canadian employment in aviation, the estimated impact on jobs in the tourism sector is roughly 1,300 direct person years of employment. For the scenario of 5 new Canadian and 4 new U.S. carrier fifth freedom routes, total tourism employment generation could be roughly 8,700 direct person years, and if indirect and induced job creation takes place, the total job impact may be as high as 14,850 person years in the tourism sector.

6 The Economic Impacts of the Open Skies Initiative Past and Future Page iv Table of Contents Executive Summary... i 1.0 Introduction Economic Impact of Transborder Passengers Economic Impact of 1995 Open Transborder Agreement Potential Economic Impact of Full Open Skies Potential Passenger Impacts Potential Cargo Impacts Potential Tourism Impacts Conclusion...12

7 The Economic Impacts of the Open Skies Initiative Past and Future Page Introduction This note provides a brief overview of the economic impacts derived from the 1995 open transborder agreement, which was signed between Canada and the United States. In addition to the 1995 bilateral agreement, the future economic impacts of a more relaxed open transborder agreement are investigated. The positive economic impacts that can be attributed to the open transborder agreement are linked to the increase in transborder passengers that result from greater air service connectivity. This note is broken down into three primary sections: Section 2.0 of this note will review what is meant by the term economic impact, Section 3.0 outlines the impacts of the 1995 open transborder agreement, and Section 4.0 discusses various potential impacts of an expanded bilateral agreement between the two nations. 2.0 Economic Impact of Transborder Passengers Economic impact is a measure of the spending and employment associated with a sector of the economy, a specific project (such as the construction of a new facility), or a change in government policy or regulation. For this analysis we are assessing the economic impact of a change in government policy (the open transborder agreement) which promotes increased transborder traffic. The four ways of assessing economic impact are (1) in terms of the dollar value of industrial output produced (economic output), (2) the GDP (or value-added) generated, (3) wages earned, or (4) in terms of person years (full-time equivalents (FTEs)) of employment generated. These are used to express the gross level of activity or expenditure from the policy / regulation change. As such, they are not net measures that weigh benefits against costs, but nevertheless these measures can be useful in developing an appreciation of projects, investments and economic sectors. The economic impacts this analysis examines are associated with the resulting increase in transborder passengers caused by the implementation of the 1995 open transborder agreement.

8 The Economic Impacts of the Open Skies Initiative Past and Future Page Economic Impact of 1995 Open Transborder Agreement To estimate the impacts associated with the 1995 open transborder agreement, the first step involves measuring the change in overall transborder passengers that can be attributed to the agreement. This was achieved by comparing the observed transborder passenger totals from 1995 to 2004, with a 1994 Transport Canada forecast covering the same time frame. The 1994 Transport Canada forecast embodied an expectation that a transborder agreement between Canada and the U.S. would be agreed upon, but the timing and extent were unknown. Thus the forecast provides a conservative baseline passenger forecast from which the actual trend line can be compared. The following figure plots the actual transborder passenger traffic from 1995 to 2004 versus the forecasted values. Figure 3-1: Canadian Transborder Passenger Traffic Actual versus Forecasted ,000,000 Forecasted in 1994 Actual 20,000,000 Transborder Passengers 15,000,000 10,000, : 9/ : SARS & War in Iraq 5,000, Year Source: Statistics Canada XIB and Transport Canada Forecasts. As can be seen, until the tragic events of 9/11 and following, actual transborder traffic was significantly greater than the 1994 forecast. Despite the significant decrease in traffic levels experienced post-9/11, the impact of the negative economic shocks are starting to ease. In 2004, transborder passenger traffic experienced positive growth, and most airports are reporting that they expect 2005 traffic levels to return to year 2000 levels.

9 The Economic Impacts of the Open Skies Initiative Past and Future Page 3 However, because the forecast did not take into account the major economic shocks that occurred (9/11, SARS, and the war in Iraq), comparing the actual traffic levels with the forecasted levels would be a misleading comparison for the period of 2001 to 2004, of the effect on the 1995 open transborder agreement. For this reason, the analysis adjusts the actual figures for this period to represent likely passenger levels had the shocks not occurred. The following chart plots the 1994 Transport Canada forecast versus the adjusted actual passenger totals from 1995 to Figure 3-2: Canadian Transborder Passenger Traffic Adjusted Actual versus Forecasted ,000,000 25,000,000 Actual (Adjusted for 9/11 etc.) Forecasted in 1994 Actual 2003: SARS & War in Iraq Transborder Passengers 20,000,000 15,000,000 10,000, : 9/11 5,000, Year Source: Statistics Canada XIB and Transport Canada Forecasts. As one can see, the actual adjusted trend line is both steeper and higher than that of the 1994 forecast. The following table displays the adjusted actual number of transborder passengers handled per year, the forecasted number, and the difference. 2 The actual 2004 figure is an estimate provided by Transport Canada in February 2005.

10 The Economic Impacts of the Open Skies Initiative Past and Future Page 4 Table 3-1: Canadian Transborder Passengers Actual versus Forecasted Year Actual Adjusted Actual (Adjusted for 9/11) 1994 Forecast (prior to Open Transborder Agreement) Difference (Adjusted Forecast) million 14.8 million 14.1 million 0.7 million million 17.1 million 14.7 million 2.4 million million 18.1 million 15.4 million 2.8 million million 19.0 million 16.0 million 3.0 million million 19.6 million 16.7 million 2.9 million million 20.8 million 17.5 million 3.4 million million 21.9 million 18.2 million 3.6 million million 23.0 million 19.1 million 3.9 million million 24.2 million 19.6 million 4.6 million million 25.4 million 20.1 million 5.3 million Cumulative Total 195 million 217 million 185 million 32.5 million Source: Statistics Canada XIB and Transport Canada Forecasts. For the pre-9/11 period of 1995 to 2000, a cumulative 15 million additional passengers were served due to the Canada U.S. open transborder agreement. If trend data adjusted for the effects of 9/11, SARS and the war in Iraq are used, then the open transborder agreement stimulated a cumulative 33 million additional travellers from 1995 to To derive the economic impacts associated with this increase in passengers, the estimated increase in transborder passengers was multiplied into various economic impact ratios derived from four sources: 1. The most recent economic impact studies completed for the major Canadian airports; 2. An ACI-NA economic impact report examining the aggregate impact of all Canadian airports; 4 3. Micro-studies performed for Canadian airports by InterVISTAS Inc. which examined the economic impact of specific flights; and 3 Alternatively, without the agreement, the post-9/11 traffic would have been even lower than the actual post-9/11traffic. 4 Airports Council International North America (2002), The Economic Impact of Canadian Airports, 2002.

11 The Economic Impacts of the Open Skies Initiative Past and Future Page 5 4. Statistics Canada passenger data (Catalogue XIB) and Transport Canada passenger forecasts; This research revealed the following averages, which are used in this study. On average, 1 million passengers per annum generates 1,800 direct person years of employment. Each direct person year of employment may generate up to 0.53 person years of indirect and up to 0.57 person years of induced employment. The average annual wage per person year in Canada s airport community is $35,700. Each one million passengers generates $116 million in direct GDP, 5 and $217 million in direct output. 6 The following two tables present the estimated economic impacts of the open transborder agreement from 1995 to The first displays the cumulative impacts over the six-year period prior to 9/11, while the second displays the average annual impacts for this same period. Table 3-2: Cumulative Economic Impacts of the 1995 Canada U.S. Open Transborder Agreement, Direct 27,014 PY $964 million $1.8 billion $3.3 billion Indirect 14,242 PY $495 million $879 million $1.7 billion Induced 15,397 PY $516 million $913 million $2.0 billion Total 56,653 PY $2.0 billion $3.5 billion $6.9 billion 5 One million passengers generate $58 million in indirect GDP and $60 million in induced GDP. 6 One million passengers generate $111 million in indirect economic output and $133 million in induced economic output.

12 The Economic Impacts of the Open Skies Initiative Past and Future Page 6 Table 3-3: Average Annual Economic Impacts of 1995 Canada U.S. Open Transborder Agreement, Direct 4,502 PY $161 million $292 million $545 million Indirect 2,374 PY $82 million $146 million $280 million Induced 2,566 PY $86 million $152 million $334 million Total 9,442 PY $329 million $590 million $1.2 billion Using the actual data for 1995 to 2000 and the adjusted data for 2001 to 2004, the estimated economic impacts over the ten-year period were derived. The following two tables present the cumulative and average annual impacts, respectively. Table 3-4: Cumulative Economic Impacts of the 1995 Canada U.S. Open Transborder Agreement, Direct 58,112 PY $2.1 billion $3.8 billion $7.0 billion Indirect 30,639 PY $1.1 billion $1.9 billion $3.6 billion Induced 33,121 PY $1.1 billion $2.0 billion $4.3 billion Total 121,872 PY $4.3 billion $7.6 billion $15.0 billion Figure 3-3: Average Annual Economic Impacts of the 1995 Canada U.S. Open Transborder Agreement, Direct 5,811 PY $207 million $377 million $704 million Indirect 3,064 PY $106 million $189 million $361 million Induced 3,312 PY $111 million $196 million $431 million Total 12,187 PY $425 million $762 million $1.5 billion

13 The Economic Impacts of the Open Skies Initiative Past and Future Page Potential Economic Impact of Full Open Skies 4.1 Potential Passenger Impacts A new bilateral air services agreement between Canada and the U.S. could be agreed upon in the near future. This expanded agreement might take the name Full Open Skies, and would expand upon the previous agreement by offering Canadian and U.S. carriers fifth freedom rights for passengers, and fifth and seventh freedom rights for cargo carriers. 7 Fifth freedom: This freedom would allow Canadian carriers to carry traffic from the U.S. to a third nation as an extension of a service to or from Canada (similar rights for U.S. carriers). Seventh freedom: This freedom would allow Canadian cargo carriers to carry cargo traffic between the U.S. and a third nation on a flight that does not serve Canada (similar rights for U.S. carriers). If a Full Open Skies agreement incorporating fifth freedom passenger rights were enacted, it would be expected to have positive impacts on the air transportation industry. A number of new routes would likely be served, creating additional employment and economic output in Canada. It is difficult to identify all the potential routes that could arise due to the expanded bilateral agreement, so for the purpose of this analysis, three representative potential route additions were examined. 1. A Canadian carrier flying daily from Toronto (YVR) to Rio de Janeiro (RIO) via Houston (HOU), with local traffic served before and after Houston. 2. A Canadian carrier flying daily from Montréal (YUL) to Mexico City (MEX) via Philadelphia (PHL), again with local traffic. 3. A U.S. carrier flying daily from Houston to Hong Kong (HKG) via Vancouver (YVR). Based on the estimated traffic per flight, an annual impact per flight is estimated. The impacts per flight are derived from various micro-economic studies examining the impact of specific flights on an airport. The tables below display the annual direct, indirect, induced and total impacts associated with each specific service. 7 Full open skies would also include unrestricted 6 th freedom fare setting, 6 th freedom through flight numbers and cargo co-terminalization.

14 The Economic Impacts of the Open Skies Initiative Past and Future Page 8 Figure 4-1: Annual Economic Impact of Potential 5 th Freedom Service Toronto Houston Rio, by a Canadian Carrier Direct 175 PY $6.2 million $11.9 million $22.9 million Indirect 92 PY $3.2 million $6.0 million $11.8 million Induced 100 PY $3.3 million $6.2 million $14.0 million Total 367 PY $12.7 million $24.1 million $48.7 million Figure 4-2: Annual Economic Impact of Potential 5 th Freedom Service Montréal Philadelphia Mexico City, by a Canadian Carrier Direct 64 PY $2.3 million $4.4 million $8.5 million Indirect 34 PY $1.2 million $2.2 million $4.3 million Induced 37 PY $1.2 million $2.3 million $5.2 million Total 135 PY $4.7 million $8.9 million $18.0 million Figure 4-3: Annual Economic Impact of Potential 5 th Freedom Service Houston Vancouver Hong Kong, by a U.S. Carrier Direct 105 PY $3.8 million $7.2 million $13.8 million Indirect 55.5 PY $1.9 million $3.6 million $7.1 million Induced 60.0 PY $2.0 million $3.7 million $8.5 million Total 221 PY $7.7 million $14.5 million $29.4 million It is difficult to estimate the total impact of a full open transborder agreement as it is impossible to predict, in advance, all the routes that would open up as a result of liberal fifth freedom rights. The impact would, no doubt, differ across the years, as service were built up. To illustrate the potential impact of fifth freedom services, we measure the annual economic impact of a total of five potential fifth freedom services provided by Canadian carriers, and four provided

15 The Economic Impacts of the Open Skies Initiative Past and Future Page 9 by U.S. carriers. The impacts of the increased fifth freedom services are displayed in the following table. Figure 4-4: Incremental Annual Economic Impact of 5 th Freedom Services Five New Canadian Carrier Services and Four New U.S. Carrier Services Direct 1,294 PY $46.1 million $88.2 million $170 million Indirect 682 PY $23.6 million $44.3 million $87.2 million Induced 737 PY $24.7 million $46.0 million $104 million Total 2,713 PY $94.4 million $178 million $361 million 4.2 Potential Cargo Impacts It should be noted that in addition to fifth freedom passenger rights, a Full Open Skies agreement would include fifth and seventh freedom cargo rights. These freedoms would give Canadian carriers the right to operate between the U.S. and other nations where demand justifies service (and vice versa). Our analysis examines the potential economic impacts of two specific cargo services: A five times per week U.S. heavy-lift cargo carrier service originating in Chicago and stopping in Montréal en route to Frankfurt. A five times per week U.S. integrator service originating in Memphis and stopping in Vancouver en route to Tokyo-Narita. The following tables display the estimated economic impacts of the two potential cargo services, based on specific microeconomic studies. Table 4-1: Annual Economic Impact of Potential 5 th Freedom Cargo Service Chicago Montréal Frankfurt, by a U.S. Heavy Lift Cargo Carrier Direct 77 PY $2.7 million $5.2 million $10.1 million Indirect 41 PY $1.41 million $2.6 million $5.2 million Induced 44 PY $1.47 million $2.7 million $6.2 million Total 162 PY $5.6 million $10.6 million $21.5 million

16 The Economic Impacts of the Open Skies Initiative Past and Future Page 10 Figure 4-5: Annual Economic Impact of Potential 5 th Freedom Cargo Service Memphis Vancouver Tokyo, by a U.S. Integrator Direct 97.8 PY $3.48 million $6.67 million $12.8 million Indirect 51.5 PY $1.79 million $3.35 million $6.59 million Induced 55.7 PY $1.87 million $3.48 million $7.86 million Total 205 PY $7.14 million $13.5 million $27.3 million Based on our analysis, the combined annual economic impact of these two services is 175 person years of direct employment and close to $23 million in direct economic output. It is difficult to predict the exact cargo services that could arise due to the increased cargo freedoms, but based on the impacts of these two services, it is clear that increased cargo freedoms would have a significant positive economic benefit. In addition to the direct impacts of new air cargo services on employment in the aviation sector, there would be significant economic benefits in shipper industries. Canadian exports would have more access to air cargo lift, improving economics in many cases. 4.3 Potential Tourism Impacts In addition to passenger and cargo impacts, a more relaxed air service bilateral could also have a significant impact on the Canadian tourism industry. The fifth freedom rights provide carriers with more flexibility with respect to route options. For example, the freedom would allow a U.S. carrier flight from Europe to the U.S. to land at a Canadian tourism destination before arriving at its final U.S. destination. The airline would continue to provide Europe to U.S. service (and vice versa) for through-traffic, but would also be able to accommodate leisure travellers that wish to stop at the Canadian tourism destination. Our analysis examines the direct tourism impact on Canada of a foreign carrier operating a daily flight from Indianapolis to London-Stansted via Québec City. Québec City is used as an example of a Canadian tourism resort, as it is close in proximity to Mont St.Anne, a world-class ski resort. The first step of the analysis estimates the percentage of total passengers per flight that are deplaning in Québec City to visit the Canadian tourism resort. Based on that estimated number of tourism passengers per flight, total tourism spending per flight is derived from Statistics Canada tourism indicators and foreign spending profiles (average length of stay and average daily spending). 8 From the estimated tourism spending per flight estimates, the economic impacts displayed in the table below were derived from Canadian tourism multipliers. 8 Tourism indicator data was obtained from Statistics Canada Catalogue No XIB.

17 The Economic Impacts of the Open Skies Initiative Past and Future Page 11 Table 4-2: Annual Tourism Impact of Potential 5 th Freedom Service Operated by a U.S. Carrier (Indianapolis Québec City London) Direct 1,344 PY $33.9 million $43.1 million $101 million Indirect 360 PY $13.6 million $16.3 million $38.3 million Induced 579 PY $15.7 million $20.8 million $41.8 million Total 2,284 PY $63.3 million $80.2million $181 million A daily service from Indianapolis to London-Stansted would generate over 1,300 person years of direct tourism employment and over $100 million in direct tourism output per year. The direct tourism impacts are in addition to the type of direct aviation impacts estimate in Section 4.1. The following table presents the impacts of a scenario in which five new fifth freedom services started up. U.S. carriers, making stops at Canadian tourism resorts en route to their final destinations would operate these services. Table 4-6: Annual Tourism Impact of Four 5 th Freedom Services Operated by a U.S. Carrier Direct 5,376 PY $136 million $172 million $404 million Indirect 1,440 PY $54 million $65 million $153 million Induced 2,316 PY $63 million $83 million $167 million Total 9,132 PY $253 million $321 million $724 million

18 The Economic Impacts of the Open Skies Initiative Past and Future Page Conclusion The Impact of the 1995 Open Transborder Air Services Agreement The open transborder agreement that was signed in 1995 by Canada and the U.S., increased transborder passenger traffic by roughly 3.3 million passengers per annum relative to what had been forecast prior to 1995, as shown in the following table. Table 1: Increase in Transborder Passengers Attributed to the 1995 Open Transborder Agreement Type of Increase (pre 9/11) Cumulative increase in passengers 9 15 million 10 million Cumulative increase in passengers with adjustment for impact of 9/11 15 million 33 million Average annual increase in passengers 2.5 million 3.3 million The growth in transborder air service has had significant positive economic impacts for Canada. During the period prior to 9/11, the increase in transborder air traffic, relative to the 1994 preagreement forecast, generated roughly 4,500 additional person years of Canadian employment per annum, $160 million in wages and almost $300 million in gross domestic product (GDP). Including indirect and induced impacts, the annual job creation total may have been 9,400 person years, $325 million in wages and just under $600 million in GDP. Potential Impact of Full Open Skies A new bilateral air services agreement between Canada and the U.S. could be agreed upon in the near future. This expanded agreement might take the name Full Open Skies, and would expand upon the previous agreement by offering Canadian and U.S. carriers fifth freedom rights for passenger services, and fifth and seventh freedom rights for cargo services. This potential agreement would create significant additional economic impacts through increased passenger and cargo services, as well as increased tourism spending. The following table summarises the direct economic impacts associated with some individual types of new air services which could materialise with a full open skies agreement. 9 This is the difference between actual enplaned/deplaned transborder passengers carried versus the forecast of transborder passengers as per the 1994 forecast.

19 The Economic Impacts of the Open Skies Initiative Past and Future Page 13 Table 2: Potential Incremental Annual Direct Economic Impacts of a Full Open Skies Agreement Type of new air service Person Years Wages GDP Economic 5 th freedom passenger service Canadian carrier 5 th freedom passenger service U.S. carrier 5 th freedom cargo service U.S. heavy-lift carrier 5 th freedom cargo service U.S. integrator 175 PY $6.2 million $11.9 million $22.9 million 105 PY $3.8 million $7.2 million $13.8 million 77 PY $2.7 million $5.2 million $10.1 million 98 PY $3.5 million $6.7 million $12.8 million The total impact of a full open skies agreement would of course depend on the number of new air services that are generated. As an illustration of the total potential impact of full open skies, the following table documents the impacts of a package of 5 new Canadian routes enabled by full open skies (e.g., a Canadian carrier flying via the U.S. to Latin American destinations) and for new U.S. routes. Table 3: Potential Annual Incremental Direct Economic Impacts of a Full Open Skies Agreement For scenario of 5 new Canadian and 4 new U.S. routes Type of new air service Person Years Wages GDP Economic Direct 1,294 PY $46 million $88 million $170 million Indirect 682 PY $23.6 million $44 million $87 million Induced 737 PY $24.7 million $46 million $104 million Total 2,713 PY $94.4 million $178 million $361 million

20 The Economic Impacts of the Open Skies Initiative Past and Future Page 14 Tourism Impacts The above economic impacts are those associated largely with the aviation sector of Canada s economy. New air services, however, also stimulate other economic sectors, such as tourism and export industries. This study examined the tourism impacts and found that they were larger than the aviation impacts. For example, while a 5 th freedom passenger service by a U.S. carrier could generate as many as 105 direct person years of Canadian employment in aviation, the estimated impact on jobs in the tourism sector is roughly 1,300 direct person years of employment. For the scenario of 5 new Canadian and 4 new U.S. carrier fifth freedom routes, total tourism employment generation could be roughly 8,700 direct person years, and if indirect and induced job creation takes place, the total job impact may be as high as 14,850 person years in the tourism sector.

Fort McMurray International Airport

Fort McMurray International Airport FINAL REPORT Fort McMurray International Airport Economic Impacts Associated with Current Air Services PREPARED FOR Fort McMurray Airport Authority (FMAA) PREPARED BY InterVISTAS Consulting Inc. 29 September

More information

Transforming Intra-African Air Connectivity:

Transforming Intra-African Air Connectivity: z Transforming Intra-African Air Connectivity: The Economic Benefits of Implementing the Yamoussoukro Decision PREPARED FOR IATA in partnership with AFCAC and AFRAA PREPARED BY InterVISTAS Consulting LTD

More information

Impact of Liberalisation on Selected Countries

Impact of Liberalisation on Selected Countries strategic transportation & tourism solutions Impact of on Selected Countries Dr. Michael Tretheway InterVISTAS Consulting Inc. November 15, 29 Presentation Outline Study overview and objectives Background

More information

Annual Public General Meeting. Report from the President and CEO. May 10, 2018

Annual Public General Meeting. Report from the President and CEO. May 10, 2018 Annual Public General Meeting Report from the President and CEO May 10, 2018 Air Access is a Key Component of Economic Growth 15 Non-Stop Destinations 7,100 Seats Per Day Economic Impact of Canada s Airports

More information

Economic Impact: Business Aviation Operations & Business Aircraft Manufacturing in Canada Annual CBAA Conference

Economic Impact: Business Aviation Operations & Business Aircraft Manufacturing in Canada Annual CBAA Conference Economic Impact: Business Aviation Operations & Business Aircraft Manufacturing in Canada 2016 Annual CBAA Conference Transportation of service and specialist employees and cargo, NOT merely executives,

More information

Published in English by the INTERNATIONAL CIVIL AVIATION ORGANIZATION 999 University Street, Montréal, Quebec, Canada H3C 5H7

Published in English by the INTERNATIONAL CIVIL AVIATION ORGANIZATION 999 University Street, Montréal, Quebec, Canada H3C 5H7 Published in English by the INTERNATIONAL CIVIL AVIATION ORGANIZATION 999 University Street, Montréal, Quebec, Canada H3C 5H7 For ordering information and for a complete listing of sales agents and booksellers,

More information

REPORT OF THE ASIA/PACIFIC AREA TRAFFIC FORECASTING GROUP (APA TFG) FIFTEENTH MEETING BANGKOK, 1-8 NOVEMBER 2010

REPORT OF THE ASIA/PACIFIC AREA TRAFFIC FORECASTING GROUP (APA TFG) FIFTEENTH MEETING BANGKOK, 1-8 NOVEMBER 2010 REPORT OF THE ASIA/PACIFIC AREA TRAFFIC FORECASTING GROUP (APA TFG) FIFTEENTH MEETING BANGKOK, 1-8 NOVEMBER 2010 Includes: Forecasts of Transpacific and Intra-Asia/Pacific Traffic to the Year 2030 Forecasts

More information

Parallel Taxiway and Apron Widening at Abbotsford International Airport

Parallel Taxiway and Apron Widening at Abbotsford International Airport Business Case Briefing: Parallel Taxiway and Apron Widening at Abbotsford International Airport Prepared for Abbotsford International Airport Authority Prepared by Business Case Briefing: Parallel Taxiway

More information

The Economic Impact of Emirates in the United States. Prepared by:

The Economic Impact of Emirates in the United States. Prepared by: Prepared by: www.av-econ.com Alexandria, Virginia July 2017 EXECUTIVE SUMMARY About Emirates Emirates Airline (Emirates), based in Dubai, United Arab Emirates (U.A.E.), was established in 1985 and since

More information

AirportInfo. ACI-NA 2011 Traffic Report

AirportInfo. ACI-NA 2011 Traffic Report AirportInfo ACI-NA 2011 Traffic Report July 2012 2011 ACI World Airport Traffic Summary North America 2011 % Change 2010 Worldwide 2011 % Change 2010 Total Passengers 1.5B Up 1.8% 5.1B Up 5.2% Total International

More information

Industry Update. ACI-NA Winter Board of Directors Meeting February 7, 2018 Palm Beach Gardens, FL

Industry Update. ACI-NA Winter Board of Directors Meeting February 7, 2018 Palm Beach Gardens, FL Industry Update ACI-NA Winter Board of Directors Meeting February 7, 2018 Palm Beach Gardens, FL 1Q2007 2Q2007 3Q2007 4Q2007 1Q2008 2Q2008 3Q2008 4Q2008 1Q2009 2Q2009 3Q2009 4Q2009 1Q2010 2Q2010 3Q2010

More information

Benchmarking Travel & Tourism in Colombia

Benchmarking Travel & Tourism in Colombia Benchmarking Travel & Tourism in Colombia How does Travel & Tourism compare to other sectors? Summary of Findings, November 2013 Sponsored by: Outline Introduction... 3 Colombia summary..... 8 Data sources

More information

Benchmarking Travel & Tourism in United Arab Emirates

Benchmarking Travel & Tourism in United Arab Emirates Benchmarking Travel & Tourism in United Arab Emirates How does Travel & Tourism compare to other sectors? Summary of Findings, November 2013 Sponsored by: Outline Introduction... 3 UAE summary...... 8

More information

Canadian Tourism Satellite Account Demystified

Canadian Tourism Satellite Account Demystified Canadian Tourism Satellite Account Demystified Charles Morissette R & D Projects and Analysis Section Income and Expenditure Division Presentation for TTRA Conference October, 2010 Outline The economic

More information

Economic Impacts of Aviation: Catalytic Impacts Dr. Michael W Tretheway Chief Economist, InterVISTAS Consulting Group ACED Conference

Economic Impacts of Aviation: Catalytic Impacts Dr. Michael W Tretheway Chief Economist, InterVISTAS Consulting Group ACED Conference strategic transportation & tourism solutions Economic Impacts of Aviation: Catalytic Impacts Dr. Michael W Tretheway Chief Economist, InterVISTAS Consulting Group ACED Conference 20 September 2010 InterVISTAS

More information

August Briefing. Why airport expansion is bad for regional economies

August Briefing. Why airport expansion is bad for regional economies August 2005 Briefing Why airport expansion is bad for regional economies 1 Summary The UK runs a massive economic deficit from air travel. Foreign visitors arriving by air spent nearly 11 billion in the

More information

The Economic Impacts of Cultural and Sport Tourism in Canada 2007

The Economic Impacts of Cultural and Sport Tourism in Canada 2007 The Economic Impacts of Cultural and Sport Tourism in Canada 2007 The Outspan Group Inc. The Economic Impacts of Cultural and Sport Tourism in Canada 2007 March 2009 ISBN: 978-1-100-13917-3 Catalogue number:

More information

Queensland Tourism Aviation Blueprint to 2016

Queensland Tourism Aviation Blueprint to 2016 Queensland Tourism Aviation Blueprint to 2016 tq.com.au Blueprint outline The purpose of the Queensland Tourism Aviation Blueprint to 2016 is to develop the strategic framework that will guide aviation

More information

The Economic Impact of Tourism on Oxfordshire Estimates for 2014

The Economic Impact of Tourism on Oxfordshire Estimates for 2014 The Economic Impact of Tourism on Oxfordshire Estimates for 2014 County and District Results August 2015 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH

More information

Foregone Economic Benefits from Airport Capacity Constraints in EU 28 in 2035

Foregone Economic Benefits from Airport Capacity Constraints in EU 28 in 2035 Foregone Economic Benefits from Airport Capacity Constraints in EU 28 in 2035 Foregone Economic Benefits from Airport Capacity Constraints in EU 28 in 2035 George Anjaparidze IATA, February 2015 Version1.1

More information

CITY OF HOUSTON INTEROFFICE CORRESPONDENCE FROM: DATE: SUBJECT: The passenger traffic for each of the airlines for the previous 5 years.

CITY OF HOUSTON INTEROFFICE CORRESPONDENCE FROM: DATE: SUBJECT: The passenger traffic for each of the airlines for the previous 5 years. CITY OF HOUSTON INTEROFFICE CORRESPONDENCE TO: Council Member Oliver Pennington FROM: Director of Aviation DATE: May 1, 2012 SUBJECT: Response to Memo Proposed International Terminal at Hobby Airport:

More information

Benchmarking Travel & Tourism in Russia

Benchmarking Travel & Tourism in Russia Benchmarking Travel & Tourism in Russia How does Travel & Tourism compare to other sectors? Sponsored by: Summary of Findings, November 2013 Outline Introduction... 3 Russia summary..... 8 Data sources

More information

Economic Impact of Small Community Airports and the Potential Threat to the Economies with the Loss of Air Service

Economic Impact of Small Community Airports and the Potential Threat to the Economies with the Loss of Air Service Economic Impact of Small Community Airports and the Potential Threat to the Economies with the Loss of Air Service January 2017 There are over 350 small communities in the U.S. that currently receive air

More information

AIR CANADA REPORTS THIRD QUARTER RESULTS

AIR CANADA REPORTS THIRD QUARTER RESULTS AIR CANADA REPORTS THIRD QUARTER RESULTS THIRD QUARTER OVERVIEW Operating income of $112 million compared to operating income of $351 million in the third quarter of 2007. Fuel expense increased 49 per

More information

20-Year Forecast: Strong Long-Term Growth

20-Year Forecast: Strong Long-Term Growth 20-Year Forecast: Strong Long-Term Growth 10 RPKs (trillions) 8 Historical Future 6 4 2 Forecast growth annual rate 4.8% (2005-2024) Long-Term Growth 2005-2024 GDP = 2.9% Passenger = 4.8% Cargo = 6.2%

More information

The Economic Impact Of Luxembourg Airport 29 April 2016

The Economic Impact Of Luxembourg Airport 29 April 2016 The Economic Impact Of Luxembourg Airport 29 April 2016 What is Economic Impact Economic Impact of Luxemburg Airport refers to the contribution of the Airport to the Luxembourg Economy This can be measured

More information

Federal Budget Submission. Prepared for the House of Commons Standing Committee on Finance. Greater Toronto Airports Authority

Federal Budget Submission. Prepared for the House of Commons Standing Committee on Finance. Greater Toronto Airports Authority 2018-2019 Federal Budget Submission Prepared for the House of Commons Standing Committee on Finance Greater Toronto Airports Authority - August 2017 - Contact: Lorrie McKee Director, Public Affairs and

More information

Stimulating Airports is Stimulating the Economy

Stimulating Airports is Stimulating the Economy Stimulating Airports is Stimulating the Economy House of Commons Standing Committee on Finance Pre-budget 2010 Submission August 14 th, 2009 Executive Summary Atlantic Canada Airports Association s (ACAA)is

More information

Sustain Aviation Growth Under Air Transport Economic Regulations

Sustain Aviation Growth Under Air Transport Economic Regulations Sustain Aviation Growth Under Air Transport Economic Regulations Ebtesam Al Shamlan Air Transport Director Ministry of Transport and Telecommunications 2nd AIRPORTS ARABIA CONFERENCE 10-11 OCTOBER 2017

More information

Intra-African Air Services Liberalization

Intra-African Air Services Liberalization Intra-African Air Services Liberalization James Wiltshire Senior Economist, www.iata.org/economics To represent, lead and serve the airline industry Aviation connects African businesses to world markets

More information

AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter

AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter AIR CANADA REPORTS 2010 THIRD QUARTER RESULTS; Operating Income improved $259 million or 381 per cent from previous year s quarter MONTRÉAL, November 4, 2010 Air Canada today reported operating income

More information

The Economic Impact of Tourism on Oxfordshire Estimates for 2013

The Economic Impact of Tourism on Oxfordshire Estimates for 2013 The Economic Impact of Tourism on Oxfordshire Estimates for 2013 County and District Results September 2014 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH

More information

How much did the airline industry recover since September 11, 2001?

How much did the airline industry recover since September 11, 2001? Catalogue no. 51F0009XIE Research Paper How much did the airline industry recover since September 11, 2001? by Robert Masse Transportation Division Main Building, Room 1506, Ottawa, K1A 0T6 Telephone:

More information

AIRPORT: Seattle-Tacoma International (SEA) ASSOCIATED CITY: Seattle ARC: D-V Region: Central Puget Sound

AIRPORT: Seattle-Tacoma International (SEA) ASSOCIATED CITY: Seattle ARC: D-V Region: Central Puget Sound AIRPORT: Seattle-Tacoma International (SEA) ASSOCIATED CITY: Seattle ARC: D-V Region: Central Puget Sound AIRPORT DATA AND FACILITIES (Sea-Tac) is located in King County, 10 miles south of downtown Seattle,

More information

Benchmarking Travel & Tourism in Australia

Benchmarking Travel & Tourism in Australia Benchmarking Travel & Tourism in Australia How does Travel & Tourism compare to other sectors? Sponsored by: Summary of Findings, November 2013 Outline Introduction... 3 Australia summary..... 8 Data sources

More information

Travel and Tourism in Canada to 2017

Travel and Tourism in Canada to 2017 Travel and Tourism in Canada to 2017 Improving Economic Conditions and Government Efforts to Promote Tourism Will Support Growth Report Code: TT0106MR Publication Date: September 2013 www.timetric.com

More information

Analysis of Interaction between Air Transportation and Economic Activity

Analysis of Interaction between Air Transportation and Economic Activity M I T I n t e r n a t i o n a l C e n t e r f o r A i r T r a n s p o r t a t i o n Analysis of Interaction between Air Transportation and Economic Activity Masha Ishutkina and Prof. John Hansman November

More information

TED STEVENS ANCHORAGE INTERNATIONAL AIRPORT: ECONOMIC SIGNIFICANCE 2007

TED STEVENS ANCHORAGE INTERNATIONAL AIRPORT: ECONOMIC SIGNIFICANCE 2007 TED STEVENS ANCHORAGE INTERNATIONAL AIRPORT: ECONOMIC SIGNIFICANCE 2007 by Scott Goldsmith Mary Killorin Prepared for Ted Stevens Anchorage International Airport September 2007 Institute of Social and

More information

United Kingdom. How does Travel & Tourism compare to other sectors? GDP. Size. Share. UK GDP Impact by Industry. UK GDP Impact by Industry

United Kingdom. How does Travel & Tourism compare to other sectors? GDP. Size. Share. UK GDP Impact by Industry. UK GDP Impact by Industry United Kingdom Stonehenge in Wiltshire Agriculture Automotive Banking Chemicals Communications Education Financial Mining Other Service Manufacturing Manufacturing Services Exports Retail (without wholesale)

More information

JUNE 2016 GLOBAL SUMMARY

JUNE 2016 GLOBAL SUMMARY JUNE 2016 GLOBAL SUMMARY FAST FACTS The world of air transport, 2014 All figures are for 2014, unless otherwise stated, to give a single set of data for one year. Where available, the latest figures are

More information

AIRPORT: Yakima Air Terminal (YKM) ASSOCIATED CITY: Yakima ARC: C-III Region: South Central

AIRPORT: Yakima Air Terminal (YKM) ASSOCIATED CITY: Yakima ARC: C-III Region: South Central AIRPORT: Yakima Air Terminal (YKM) ASSOCIATED CITY: Yakima ARC: C-III Region: South Central AIRPORT DATA AND FACILITIES is located in Yakima County, three miles south of the City. The Airport has 115 based

More information

The Civil Aviation Sector as a Driver for Economic Growth in Egypt

The Civil Aviation Sector as a Driver for Economic Growth in Egypt The Civil Aviation Sector as a Driver for Economic Growth in Egypt EDSCA Conference Cairo, November 10, 2013 Agenda 1. Facts and figures 2. Socio-economic impact of the civil aviation sector 3. Options

More information

The Economic Impact of Tourism in Hillsborough County. July 2017

The Economic Impact of Tourism in Hillsborough County. July 2017 The Economic Impact of Tourism in Hillsborough County July 2017 Table of contents 1) Key Findings for 2016 3 2) Local Tourism Trends 7 3) Trends in Visits and Spending 12 4) The Domestic Market 19 5) The

More information

Economic benefits of European airspace modernization

Economic benefits of European airspace modernization Economic benefits of European airspace modernization Amsterdam, February 2016 Commissioned by IATA Economic benefits of European airspace modernization Guillaume Burghouwt Rogier Lieshout Thijs Boonekamp

More information

HUBS, COMPETITION AND GOVERNMENT POLICY

HUBS, COMPETITION AND GOVERNMENT POLICY HUBS, COMPETITION AND GOVERNMENT POLICY Airports Canada Aeroports 2011 Ottawa April 20, 2011 Fred Lazar (flazar@yorku.ca) Schulich School of Business York University Toronto, Canada Airports, Airlines

More information

The Economic Impact of Tourism on Calderdale Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH

The Economic Impact of Tourism on Calderdale Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH The Economic Impact of Tourism on Calderdale 2015 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS 1. Summary of Results 1 2. Table of Results Table

More information

Economic benefits of European airspace modernization

Economic benefits of European airspace modernization Economic benefits of European airspace modernization Amsterdam, February 2016 Commissioned by IATA Economic benefits of European airspace modernization Guillaume Burghouwt Rogier Lieshout Thijs Boonekamp

More information

The Impact of International Air Service Liberalisation on Morocco

The Impact of International Air Service Liberalisation on Morocco The Impact of International Air Service Liberalisation on Morocco Prepared by InterVISTAS-EU Consulting Inc. LIBERALISATION REPORT The Impact of International Air Service Liberalisation on Morocco Prepared

More information

OPEN HOUSE WELCOME. YPK Runway Enhancement & Safety Upgrades

OPEN HOUSE WELCOME. YPK Runway Enhancement & Safety Upgrades OPEN HOUSE YPK Runway Enhancement & Safety Upgrades WELCOME Thank you for attending our Open House. Today we are sharing our proposed plans to enhance Pitt Meadows Regional Airport s safety features and

More information

Second Quarter Management s Discussion and Analysis of Results of Operations and Financial Condition

Second Quarter Management s Discussion and Analysis of Results of Operations and Financial Condition Second Quarter 2017 Management s Discussion and Analysis of Results of Operations and Financial Condition August 1, 2017 TABLE OF CONTENTS 1. Highlights... 3 2. Introduction and Key Assumptions... 5 3.

More information

REGULATORY POLICY SEMINAR ON LIBERALIZATION POLICY AND IMPLEMENTATION PORT OF SPAIN, TRINIDAD AND TOBAGO, APRIL, 2004

REGULATORY POLICY SEMINAR ON LIBERALIZATION POLICY AND IMPLEMENTATION PORT OF SPAIN, TRINIDAD AND TOBAGO, APRIL, 2004 REGULATORY POLICY SEMINAR ON LIBERALIZATION POLICY AND IMPLEMENTATION PORT OF SPAIN, TRINIDAD AND TOBAGO, 27-29 APRIL, 2004 JAMAICA S EXPERIENCE WITH AIR TRANSPORT LIBERALIZATION INTRODUCTION Today, the

More information

Adjusted net income of $115 million versus an adjusted net loss of $7 million in the second quarter of 2012, an improvement of $122 million

Adjusted net income of $115 million versus an adjusted net loss of $7 million in the second quarter of 2012, an improvement of $122 million Air Canada Reports Record Second Quarter 2013 Results Highest Adjusted Net Income, Operating Income and EBITDAR Results for Second Quarter in Air Canada s History Adjusted net income of $115 million versus

More information

Thank you for participating in the financial results for fiscal 2014.

Thank you for participating in the financial results for fiscal 2014. Thank you for participating in the financial results for fiscal 2014. ANA HOLDINGS strongly believes that safety is the most important principle of our air transportation business. The expansion of slots

More information

Mexico. How does Travel & Tourism compare to other sectors? GDP. Size. Share. Mexico GDP Impact by Industry. Mexico GDP Impact by Industry

Mexico. How does Travel & Tourism compare to other sectors? GDP. Size. Share. Mexico GDP Impact by Industry. Mexico GDP Impact by Industry Mexico Chapultepec Castle in Mexico City Agriculture Automotive Manufacturing Banking Chemicals Manufacturing Communications Education Financial Services Mining Other Service Exports Retail (without wholesale)

More information

Economic Impact of Tourism. Norfolk

Economic Impact of Tourism. Norfolk Economic Impact of Tourism Norfolk - 2009 Produced by: East of England Tourism Dettingen House Dettingen Way, Bury St Edmunds Suffolk IP33 3TU Tel. 01284 727480 Contextual analysis Regional Economic Trends

More information

Produced by: Destination Research Sergi Jarques, Director

Produced by: Destination Research Sergi Jarques, Director Produced by: Destination Research Sergi Jarques, Director Economic Impact of Tourism Oxfordshire - 2015 Economic Impact of Tourism Headline Figures Oxfordshire - 2015 Total number of trips (day & staying)

More information

Feasibility Study Federal Inspection Service Facility at Long Beach Airport

Feasibility Study Federal Inspection Service Facility at Long Beach Airport Feasibility Study Federal Inspection Service Facility at Long Beach Airport 13 December 2016 Long Beach City Council PLEASE NOTE: The information, analysis, assessments and opinions contained in this presentation

More information

ECONOMIC REFORMS AND THEIR IMPACT ON CIVIL AVIATION. CIVIL AVIATION - AN ECONOMIC CATALYST. WIDER SPIN-OFF BENEFITS.

ECONOMIC REFORMS AND THEIR IMPACT ON CIVIL AVIATION. CIVIL AVIATION - AN ECONOMIC CATALYST. WIDER SPIN-OFF BENEFITS. ECONOMIC REFORMS AND THEIR IMPACT ON CIVIL AVIATION ECONOMIC REFORMS AND THEIR IMPACT ON CIVIL AVIATION. CIVIL AVIATION - AN ECONOMIC CATALYST. WIDER SPIN-OFF BENEFITS. CHAPTER - 4 ECONOMIC REFORMS AND

More information

The Economic Impact of Tourism on Scarborough District 2014

The Economic Impact of Tourism on Scarborough District 2014 The Economic Impact of Tourism on Scarborough District 2014 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS 1. Summary of Results 1 2. Table of

More information

Economic Impact of Tourism in Hillsborough County September 2016

Economic Impact of Tourism in Hillsborough County September 2016 Economic Impact of Tourism in Hillsborough County - 2015 September 2016 Key findings for 2015 Almost 22 million people visited Hillsborough County in 2015. Visits to Hillsborough County increased 4.5%

More information

by Dr. Valia Kasimati Bank of Greece

by Dr. Valia Kasimati Bank of Greece by Dr. Valia Kasimati Bank of Greece ATINER s Public Lectures Series : Foreign Direct Investment Aim of the research A brief picture of the Greek Tourist Sector - General characteristics - Arrivals of

More information

The Economic Impact of Tourism Brighton & Hove Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH

The Economic Impact of Tourism Brighton & Hove Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH The Economic Impact of Tourism Brighton & Hove 2014 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS 1. Summary of Results 1 1.1 Introduction 1 1.2

More information

Emirates Submission to the Canada Transportation Act Review

Emirates Submission to the Canada Transportation Act Review Emirates Submission to the Canada Transportation Act Review Introduction Emirates welcomes the opportunity to respond to the Canada Transportation Act Review 2014 and supports the objective of the review

More information

The Economic Impact of Tourism Brighton & Hove Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH

The Economic Impact of Tourism Brighton & Hove Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH The Economic Impact of Tourism Brighton & Hove 2013 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS 1. Summary of Results 1 1.1 Introduction 1 1.2

More information

EXECUTIVE SUMMARY. hospitality compensation as a share of total compensation at. Page 1

EXECUTIVE SUMMARY. hospitality compensation as a share of total compensation at. Page 1 EXECUTIVE SUMMARY Applied Analysis was retained by the Las Vegas Convention and Visitors Authority (the LVCVA ) to review and analyze the economic impacts associated with its various operations and southern

More information

The Economic Impact of Tourism West Oxfordshire Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH

The Economic Impact of Tourism West Oxfordshire Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH The Economic Impact of Tourism West Oxfordshire 2014 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS 1. Summary of Results 1 1.1 Introduction 1

More information

Economic Impact of Tourism. Cambridgeshire 2010 Results

Economic Impact of Tourism. Cambridgeshire 2010 Results Economic Impact of Tourism Cambridgeshire 2010 Results Produced by: Tourism South East Research Department 40 Chamberlayne Road, Eastleigh, Hampshire, SO50 5JH sjarques@tourismse.com http://www.tourismsoutheast.com

More information

AIR CANADA REPORTS 2010 FIRST QUARTER RESULTS Operating loss narrows; revenue and traffic growth reflect strengthening economy

AIR CANADA REPORTS 2010 FIRST QUARTER RESULTS Operating loss narrows; revenue and traffic growth reflect strengthening economy AIR CANADA REPORTS 2010 FIRST QUARTER RESULTS Operating loss narrows; revenue and traffic growth reflect strengthening economy MONTRÉAL, May 6, 2010 Air Canada today reported a reduced operating loss of

More information

Produced by: Destination Research Sergi Jarques, Director

Produced by: Destination Research Sergi Jarques, Director Produced by: Destination Research Sergi Jarques, Director Economic Impact of Tourism North Norfolk District - 2016 Contents Page Summary Results 2 Contextual analysis 4 Volume of Tourism 7 Staying Visitors

More information

Produced by: Destination Research Sergi Jarques, Director

Produced by: Destination Research Sergi Jarques, Director Produced by: Destination Research Sergi Jarques, Director Economic Impact of Tourism Norfolk - 2016 Contents Page Summary Results 2 Contextual analysis 4 Volume of Tourism 7 Staying Visitors - Accommodation

More information

Paul Steele, Executive Director Air Transport Symposium

Paul Steele, Executive Director Air Transport Symposium Providing employment, trade links, tourism and support for sustainable development through air travel Paul Steele, Executive Director Air Transport Symposium 19 April 2012, Montreal ATAG 2012 WWW.AVIATIONBENEFITSBEYONDBORDERS.ORG

More information

Canada s Airports: Enabling Connectivity, Growth and Productivity for Canada

Canada s Airports: Enabling Connectivity, Growth and Productivity for Canada Canada s Airports: Enabling Connectivity, Growth and Productivity for Canada 2018 Federal Budget Submission House of Commons Standing Committee on Finance Introduction The Canadian Airports Council is

More information

VALUE OF TOURISM. Trends from

VALUE OF TOURISM. Trends from VALUE OF TOURISM Trends from 2005-2015 March 2017 TABLE OF CONTENTS 1. Overview... 2 Key highlights in 2015... 2 2. Contributions to the economy... 4 TOURISM REVENUE... 5 Total revenue... 5 Tourism revenue

More information

Economic impact of the Athens International Airport

Economic impact of the Athens International Airport FOUNDATION FOR ECONOMIC & INDUSTRIAL RESEARCH 11 T. Karatassou St, 11742 Athens, Greece, Tel: (+30) 210 9211 200-10, Fax: (+30) 210 9233 977, www.iobe.gr Economic impact of the Athens International Airport

More information

Produced by: Destination Research Sergi Jarques, Director

Produced by: Destination Research Sergi Jarques, Director Produced by: Destination Research Sergi Jarques, Director Economic Impact of Tourism Epping Forest - 2014 Economic Impact of Tourism Headline Figures Epping Forest - 2014 Total number of trips (day & staying)

More information

Air Canada Reports Third Quarter 2015 Results

Air Canada Reports Third Quarter 2015 Results Air Canada Reports Third Quarter 2015 Results EBITDAR margin expands by 7.0 percentage points to 26.7 per cent Operating income of $815 million, an improvement of $289 million or approximately 55 per cent

More information

the research solution

the research solution the research solution FOREST OF DEAN DMO TOURISM ECONOMIC IMPACT ASSESSMENT 2006 FOREST OF DEAN DMO AREA TOURISM ECONOMIC IMPACT ASSESSMENT 2006 FINAL REPORT October 2007 Prepared by The Research Solution

More information

COMMISSION OF THE EUROPEAN COMMUNITIES COMMUNICATION FROM THE COMMISSION. Developing an EU civil aviation policy towards Brazil

COMMISSION OF THE EUROPEAN COMMUNITIES COMMUNICATION FROM THE COMMISSION. Developing an EU civil aviation policy towards Brazil COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 5.5.2010 COM(2010)210 final COMMUNICATION FROM THE COMMISSION Developing an EU civil aviation policy towards Brazil COMMUNICATION FROM THE COMMISSION Developing

More information

AIR CANADA REPORTS SECOND QUARTER RESULTS

AIR CANADA REPORTS SECOND QUARTER RESULTS AIR CANADA REPORTS SECOND QUARTER RESULTS SECOND QUARTER OVERVIEW Passenger revenue increased 5 per cent to $2.5 billion, due to growth in traffic and yield. Excluding fuel expense, unit cost declined

More information

BC JOBS PLAN ECONOMY BACKGROUNDER. Current statistics show that the BC Jobs Plan is working: The economy is growing and creating jobs.

BC JOBS PLAN ECONOMY BACKGROUNDER. Current statistics show that the BC Jobs Plan is working: The economy is growing and creating jobs. We know that uncertainty continues to remain in the global economy and we expect to see some monthly fluctuations in jobs numbers. That is why we will continue to create an environment that is welcoming

More information

Economic Impact of Kalamazoo-Battle Creek International Airport

Economic Impact of Kalamazoo-Battle Creek International Airport Reports Upjohn Research home page 2008 Economic Impact of Kalamazoo-Battle Creek International Airport George A. Erickcek W.E. Upjohn Institute, erickcek@upjohn.org Brad R. Watts W.E. Upjohn Institute

More information

The regional value of tourism in the UK: 2013

The regional value of tourism in the UK: 2013 Article: The regional value of tourism in the UK: 2013 Estimates of the economic value of tourism within UK regions and sub-regions. It includes supply and demand data relating to tourism and tourism industries.

More information

Transborder Air Services Since 1994

Transborder Air Services Since 1994 Tri-Airport Open Skies Initiative Transborder Air Services Since 1994 strategic transportation & tourism solutions Prepared for Aéroports de Montréal, The Greater Toronto Airport Authority, and the Vancouver

More information

The Economic and Fiscal Impacts of the Renovation, Expansion, and Annual Operation of the Balsams Grand Resort and Wilderness Ski Area

The Economic and Fiscal Impacts of the Renovation, Expansion, and Annual Operation of the Balsams Grand Resort and Wilderness Ski Area The Economic and Fiscal Impacts of the Renovation, Expansion, and Annual Operation of the Balsams Grand Resort and Wilderness Ski Area Prepared by: February 2015 bgottlob@poleconresearch.com Table of Contents

More information

The Economic Impact of Tourism in Jacksonville, FL. June 2016

The Economic Impact of Tourism in Jacksonville, FL. June 2016 The Economic Impact of Tourism in Jacksonville, FL June 2016 Highlights Visitor spending surpassed $2.0 billion in 2015, growing 4.4%. As this money flowed through Duval County, the $2.0 billion in visitor

More information

Case Study Economic Impacts of Maudie. Prepared for the Canadian Media Producers Association with financial support from Telefilm Canada

Case Study Economic Impacts of Maudie. Prepared for the Canadian Media Producers Association with financial support from Telefilm Canada Case Study Economic Impacts of Maudie Prepared for the Canadian Media Producers Association with financial support from Telefilm Canada March 2018 TABLE OF CONTENTS 1. Summary... 2 2. About Maudie... 2

More information

Measuring travel services and tourism in New Zealand. October 2013

Measuring travel services and tourism in New Zealand. October 2013 Measuring travel services and tourism in New Zealand October 2013 Outline Travel in the New Zealand economy Different measures for travel and tourism How are travel and tourism statistics compiled? Publications

More information

Produced by: Destination Research Sergi Jarques, Director

Produced by: Destination Research Sergi Jarques, Director Produced by: Destination Research Sergi Jarques, Director Economic Impact of Tourism Norfolk - 2017 Contents Page Summary Results 2 Contextual analysis 4 Volume of Tourism 7 Staying Visitors - Accommodation

More information

The Economic Impact of West Oxfordshire s Visitor Economy 2015

The Economic Impact of West Oxfordshire s Visitor Economy 2015 The Economic Impact of West Oxfordshire s Visitor Economy 2015 Produced on behalf of the West Oxfordshire District Council By The South West Research Company Ltd October 201 1 Contents Page Introduction

More information

The Economic Impact of West Oxfordshire s Visitor Economy 2016

The Economic Impact of West Oxfordshire s Visitor Economy 2016 The Economic Impact of West Oxfordshire s Visitor Economy 201 Produced on behalf of the West Oxfordshire District Council By The South West Research Company Ltd January 2018 1 Contents Page Introduction

More information

Produced by: Destination Research Sergi Jarques, Director

Produced by: Destination Research Sergi Jarques, Director Produced by: Destination Research Sergi Jarques, Director Economic Impact of Tourism Oxfordshire - 2016 Economic Impact of Tourism Headline Figures Oxfordshire - 2016 number of trips (day & staying) 27,592,106

More information

The Travel and Tourism Industry in Vermont. A Benchmark Study of the Economic Impact of Visitor Expenditures on the Vermont Economy 2005

The Travel and Tourism Industry in Vermont. A Benchmark Study of the Economic Impact of Visitor Expenditures on the Vermont Economy 2005 The Travel and Tourism Industry in Vermont A Benchmark Study of the Economic Impact of Visitor Expenditures on the Vermont Economy 2005 INTRODUCTION GENERAL November, 2006 This 2005 update of the original

More information

The Economic Impact of Tourism Eastbourne Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH

The Economic Impact of Tourism Eastbourne Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH The Economic Impact of Tourism Eastbourne 2016 Prepared by: Tourism South East Research Unit 40 Chamberlayne Road Eastleigh Hampshire SO50 5JH CONTENTS Page 1. Summary of Results 1 1.1 Introduction 1 1.2

More information

TELFORD & WREKIN TOURISM ECONOMIC IMPACT ASSESSMENT

TELFORD & WREKIN TOURISM ECONOMIC IMPACT ASSESSMENT TELFORD & WREKIN TOURISM ECONOMIC IMPACT ASSESSMENT 2005 TELFORD & WREKIN TOURISM ECONOMIC IMPACT ASSESSMENT 2005 FINAL REPORT September 2007 Prepared by Research Department Larkhill Road Worcester WR5

More information

Commissioned by: Economic Impact of Tourism. Stevenage Results. Produced by: Destination Research

Commissioned by: Economic Impact of Tourism. Stevenage Results. Produced by: Destination Research Commissioned by: Produced by: Destination Research www.destinationresearch.co.uk December 2016 Contents Page Introduction and Contextual Analysis 3 Headline Figures 5 Volume of Tourism 7 Staying Visitors

More information

Economic Contribution of Tourism to NSW

Economic Contribution of Tourism to NSW Economic Contribution of Tourism to NSW 2015-16 Tourism is a significant part of the NSW economy. In 2015-16, tourism contributed $38.1 billion (Tourism Consumption) to the NSW economy and employed 261,100

More information

The Economic Impact of Tourism in Hillsborough County, June 2018

The Economic Impact of Tourism in Hillsborough County, June 2018 The Economic Impact of Tourism in Hillsborough County, 2017 June 2018 Table of contents 1) Key Findings for 2017 3 2) Local Tourism Trends 7 3) Trends in Visits and Spending 12 4) The Domestic Market 19

More information

Economic Impact of Tourism. Hertfordshire Results. Commissioned by: Visit Herts. Produced by:

Economic Impact of Tourism. Hertfordshire Results. Commissioned by: Visit Herts. Produced by: Commissioned by: Visit Herts Produced by: Destination Research www.destinationresearch.co.uk December 2016 Contents Page Introduction and Contextual Analysis 3 Headline Figures 5 Volume of Tourism 7 Staying

More information

WORLDWIDE AIR TRANSPORT CONFERENCE: CHALLENGES AND OPPORTUNITIES OF LIBERALIZATION. Montreal, 24 to 29 March 2003

WORLDWIDE AIR TRANSPORT CONFERENCE: CHALLENGES AND OPPORTUNITIES OF LIBERALIZATION. Montreal, 24 to 29 March 2003 26/2/03 English only WORLDWIDE AIR TRANSPORT CONFERENCE: CHALLENGES AND OPPORTUNITIES OF LIBERALIZATION Montreal, 24 to 29 March 2003 Agenda Item 1: Preview 1.1: Background to and experience of liberalization

More information

Houston Airport System Economic Impact Study

Houston Airport System Economic Impact Study GRA, Incorporated Economic Counsel to the Transportation Industry Houston Airport System Economic Impact Study Final Report June 30, 2011 Prepared by: GRA, Incorporated 115 West Avenue, Suite 201 Jenkintown,

More information