the future of global tourism miguel southwell miami international airport july 24, 2003 this...
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![Page 1: THE FUTURE OF GLOBAL TOURISM Miguel Southwell Miami International Airport July 24, 2003 This presentation will probably involve audience discussion, which](https://reader036.vdocument.in/reader036/viewer/2022083008/56649da15503460f94a8ce58/html5/thumbnails/1.jpg)
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THE FUTURE OFGLOBAL TOURISM
Miguel SouthwellMiami International AirportJuly 24, 2003
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OVERVIEW
Importance of tourism Miami and the role of aviation to the tourism industry.
Current state of the aviation industry.
Future of the aviation industry.
What Miami International Airport is doing to build air service to Africa.
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IMPACT OF MIA ONMIAMI TOURISM96% of all visitors to Miami-Dade arrive by air.
3.8 million domestic visitors through MIA
- 20% business
- 80% pleasure – 38% cruise passengers
3.5 million international visitors through MIA
- 16% business
- 84% pleasure – 13% cruise passengers
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IMPACT OF MIA ONMIAMI TOURISM9 billion dollars in business revenue
162,000 visitor-industry jobs
1.7 billion dollars local purchases
375 million dollars state & local taxes
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CURRENT STATE OF AVIATION
Network airlines need a new business model.
Will lose more money this year than they made in the five best years (95-00).
Current challenges:- Global economic slump- Iraq- Threat of terrorism- SARS
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CURRENT STATE OF AVIATION
Load factors up, including record load factors for some airlines, but due to capacity cuts, not traffic gains.
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FUTURE OF AVIATION
While we are going through the worst crisis in aviation history, there is reason for optimism.
Over the next five years, we will return to an annual growth rate of 4%.
In the next twelve years, the number of passengers will double from 1.5 billion to 3 billion.
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BUILDING AIR SERVICE TO AFRICA – MIAMI INT’L AIRPORT
Miami is the number one US gateway for international passengers capacity.
Miami is the second largest US gateway for international passengers.
Miami is the largest US airport for international freight
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BUILDING AIR SERVICE TO AFRICA – MIAMI INT’L AIRPORT
The Federal Aviation Administration (FAA) projects US international passenger traffic to grow faster than domestic passenger traffic.
MIA is aggressively seeking new markets and airlines – SH&E – 26 new routes in the next three years, including Africa.
Building new facilities to prepare for future
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CONCLUSION
Air Service – Critical precursor for meaningful development of trade between Africa and the US.
Need Advocates – Government officials, travel industry, business community, freight forwarders
Miami International Airport – An Advantage.
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