Presentation on theme: "THE FUTURE OF GLOBAL TOURISM Miguel Southwell Miami International Airport July 24, 2003 This presentation will probably involve audience discussion, which."— Presentation transcript:
THE FUTURE OF GLOBAL TOURISM Miguel Southwell Miami International Airport July 24, 2003 This presentation will probably involve audience discussion, which will create action items. Use PowerPoint to keep track of these action items during your presentation In Slide Show, click on the right mouse button Select “Meeting Minder” Select the “Action Items” tab Type in action items as they come up Click OK to dismiss this box This will automatically create an Action Item slide at the end of your presentation with your points entered.
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.
IMPACT OF MIA ON MIAMI TOURISM 96% 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
IMPACT OF MIA ON MIAMI TOURISM 9 billion dollars in business revenue 162,000 visitor-industry jobs 1.7 billion dollars local purchases 375 million dollars state & local taxes
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
CURRENT STATE OF AVIATION Load factors up, including record load factors for some airlines, but due to capacity cuts, not traffic gains.
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.
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
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
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.