austin’s economy – the best of the best · austin’s economy – the best of the best fastest...

Austin’s Economy – the Best of the Best Fastest growing American city for 4th year in a row (Forbes, 2014)

#1 in the U.S. for Job Growth (U.S. Dept. of Labor 2013)

Starting in 2013 Austin had the fastest growing metropolitan

economy in the U.S. It is expected to hold the #1 ranking through

2020. (U.S. Conference of Mayors 2014)

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Strong and Growing Air Trade Area

Austin

• #1 state in which to do business (Chief Executive Magazine 2012)

• 2nd largest economy in the U.S. (U.S. Bureau of Economic Analysis 2013)

• 2nd largest state population (Woods & Poole 2013 est.)

• 3rd largest U.S. domestic O&D market (YE 1Q 2014)

Texas Facts

Austin Facts • #1 Best Cities for the Next Decade (Kiplinger’s

Personal Finance July 2010)

• 3rd largest domestic O&D airport in Texas

• Fastest growing American city for 4th year in a row (Forbes 2014)

• Highest median household income metro area in Texas (2010 Census)

• Capital of Texas

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Austin Projected to Outperform Texas & the U.S. In all Important Economic Growth Indicators

3.5%

2.2% 2.3%

3.7%

3.4%

2.8%

1.6%1.8%

3.0%

2.6%

2.2%

1.0%

1.3%

2.3%

2.0%

0%

1%

2%

3%

4%

5%

6%

Gross Regional

Product

Population Employment Total Personal Income Total Retail Sales

Austin

Texas

U.S.

Source: Woods and Poole, 2014

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Austin MSA Nearly Doubles Every 20 Years

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

3,000,000

3,500,000

4,000,000

4,500,000

1900 1920 1940 1960 1980 2000 2020 2040

Source: U.S. Bureau of the Census & Texas Office of State Demographer

Current MSA 1.9 million

Major Employers

Fortune 500 HQ

Fortune 500 HQ

Source: Greater Austin Chamber of Commerce

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Year-Round World Class Tourism

June 2014 Attendance: 160,000

2013 daily sold out attendance: 75,000 2013 total attendance: 450,000

March 2014 Attendance: 160,000

November 2013 Attendance: 250,000 over 3 days

Source: Austin Chamber of Commerce

Events and tourism changing Sky Line: 33,000 hotel rooms in 2015

New High-end Hotel Capacity

• JW Marriott Austin – (1,012 rooms) Largest JW Marriott in the U.S.

• Fairmont Austin – (1,066 rooms) Pictured

• Hotel Van Zandt – (320 rooms) 16-story Kimpton property

• The Westin Austin Downtown – (366 rooms) 17-story

• Hotel ZaZa – 215 luxury apartments atop 160-room hotel

• South Congress Hotel – 90-rooms

• Hotel Granduca – Luxurious 38-acre Hill Country hotel

• Starwood Aloft/Element Hotels – (410 rooms) in a 32-story tower

• Archer Austin – (168 rooms)

7 Source: Austin Convention and Visitors Bureau

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$2.4 BILLION THAT’S 40,000 JOBS

7% TOTAL JOBS IN AUSTIN TXDOT Economic Impacts Report 2011

ABIA GENERATES

By virtually every economic indicator, the Austin MSA is one of the strongest areas in the U.S.

ABIA serves an O&D market with robust passenger growth.

Experienced management team has a proved track record of bringing in new air service, completing major projects on-time and on-budget and consistently delivering strong financial results.

Projections show ABIA will be able to undertake a major capital program and maintain its strong debt service coverage, reasonable airline costs and solid liquidity levels.

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Summary