ACVB BOARD OF DIRECTORS MEETING THURSDAY, SEPTEMBER 26, 2019 | 8:00 a.m. THE GATHERING SPOT
CALL TO ORDER
PLACE IMAGE HERE
DEXTER WARRIOR CHAIR, BOARD OF DIRECTORS
WELCOME TK PETERSEN PLACE IMAGE HERE
CO-FOUNDER THE GATHERING SPOT
DESTINATION REPORT
PLACE IMAGE HERE
MARK VAUGHAN EVP/CSO
ATLANTA OCCUPANCY – AUGUST 2019 August 2019 YTD Occupancy ACVB Tax Revenue District
Atlanta Convention Hotels
Hotels within 1-mile radius of GWCC
Metro Atlanta
Source: STR
2018
2019
75.9%
76.2%
80.5%
81.4%
77.7%
79.2%
71.5%
71.3%
KEY SALES ACTIVITIES Through August 2019, we finished 104% of our room night goal and 105% of our lead goal. Direct Sales Events
PLACE IMAGE HERE
ASAE Five Star Trade Show Gold 100 HPN Annual Conference Midwest PCMA GAMPI Fall Classic American Express Intercon Coalition of Black Meeting Planners IAEE Expo! Expo! Holiday Showcase CVB Reps World Travel Market
Austin San Diego Seattle Chicago Atlanta Denver New Orleans Las Vegas Chicago Washington, D.C. London
REPLACE WITH IMAGE FROM BARBERSTOCK OR REMOVE THIS NOTE TO KEEP CURRENT IMAGE
FINANCIAL REPORT GREGORY PIERCE
PLACE IMAGE HERE
EVP/CAO/CFO
ATLANTA CONVENTION & VISITORS BUREAU FINANCIAL STATEMENT SUMMARY WITH FORECAST THROUGH AUGUST 31, 2019
CONSOLIDATED
CONSOLIDATED
2019
2019
2018
2019
2019
2019
ACTUAL
BUDGET
ACTUAL
YTD
FULL YR
FULL YR
YTD
YTD
YTD
VARIANCE
BUDGET
FORECAST
SUPPORT & REVENUE Public Sector
19,691,264
17,732,168
17,175,989
1,959,096
26,400,437
28,000,000
Private Sector
3,487,192
3,359,740
2,811,796
127,452
8,842,000
8,950,000
23,178,456
21,091,908
19,987,785
2,086,548
35,242,437
36,950,000
6,389,482
6,205,117
5,988,031
(184,365)
9,989,241
10,075,000
723,473
605,705
720,861
(117,768)
837,000
915,000
12,342,657
11,457,606
10,884,902
(885,051)
22,121,989
23,371,989
1,347,154
1,212,230
1,185,249
(134,924)
1,899,000
2,000,000
20,802,766
19,480,658
18,779,043
(1,322,108)
34,847,230
36,361,989
2,375,690
1,611,250
1,208,742
764,440
395,207
588,011
TOTAL SUPPORT & REVENUE
EXPENSE Payroll & Related Expense
Other Operating Expense Direct Promotional Expense Capital Expense
TOTAL EXPENSE
EXCESS(DEFICIENCY) OF REVENUE OVER EXPENSE
REPLACE WITH IMAGE FROM BARBERSTOCK OR REMOVE THIS NOTE TO KEEP CURRENT IMAGE
PLACE IMAGE HERE
AIRPORT DEVELOPMENT UPDATE
JOHN SELDEN GENERAL MANAGER HARTSFIELD-JACKSON ATLANTA INTERNATIONAL AIRPORT
ATLANTA CONVENTION AND VISITORS BUREAU BOARD OF DIRECTORS MEETING SEPTEMBER 26, 2019
WORLD’S BUSIEST PASSENGER AIRPORT: AN OVERVIEW John Selden General Manager 13
HARTSFIELD-JACKSON
MANAGEMENT STRUCTURE
AIRPORT OVERVIEW ✓ 4,700-acre campus
✓ 7.1 million-square-foot terminal complex
✓ 5 parallel runways
•
7 concourses
•
Total of 192 domestic and international gates
5
15
16
HARTSFIELD-JACKSON
EFFICIENCY Geographic advantages • 80% of U.S. population lives within a 2-hour flight from ATL • Favorable weather conditions • Growing population High-efficiency facilities • Five parallel runways • Midfield terminal complex • Highly efficient, uncongested airspace • Closest competing airport 240 miles away 17 4
ATL served 107.4 million passengers in CY 2018
HARTSFIELD-JACKSON
Millions
THE WORLD’S BUSIEST AIRPORT
6%
ANNUAL ENPLANEMENTS (CY) 60 50
48
50.7
52
51.9
6.0%
5.0%
4.3%
53.7
4%
3.8% 2.4%
2% 0%
40
2014
2015
2016
2017
2018
-2% Internation al
30 8%
20
5.8%
6% 2%
-
3.3%
2.7%
4%
10
1.4%
0%
2014 2015 2016 2017 2018
-2%
Source: ATL records
18
2014
2015
2016 Domesti c
2017
-0.9%
2018
HARTSFIELD-JACKSON
COST PER ENPLANED PASSENGER (CPE)
Cost per Enplanement (CPE) $30.00 $25.00 $20.00 $15.00 $10.00 $5.00 $-
CLT
ATL DEN SEA DFW BOS SFO
Source: FAA CATS Form 127; ATL numbers adjusted to reflect all-in CPE as reported in the Airport's 19 CAFR.
JFK EWR
HARTSFIELD-JACKSON
ATL CONNECTS ATLANTA TO THE WORLD
From July 2000 to July 2019, the number of international destinations served from ATL has almost doubled from 40 to 79.
139 U.S. destinations are served nonstop from ATL.
20
18 Fortune 500 Corporate Headquarters in the Atlanta Region
*SunTrust Banks, Inc., is expected to merge with BB&T Corporation which is headquartered in Winston-Salem, NC. However, SunTrust is expected to maintain a significant presence in the Atlanta metropolitan area.
21
HARTSFIELD-JACKSON
AIRLINE MARKET SHARE BASED ON SEATS
ATL’S TRAFFIC MIX
•
O&D: 6th O&D airport in the U.S. with 40.6 million passengers
•
Top Markets: All top 20 markets from ATL served by multiple carriers
•
Strong LCC Service: Spirit is now 4th busiest carrier at ATL – 2.62 million in CY 2018
•
O&D Ratio: 38.1% in FY 2018, compared to 31.7% in FY 2014, representing 33% growth in originating enplanements from 15 M to 20 M over the past 5 fiscal years
(FY 2019)
United 1.6% Foreign Flag 2.2% Spirit Airlines 2.5%
Frontier Airlines 1%
jetBlue 0.8% Alaska & Others 0.2%
American Airlines 3.3% Southwest 10.3%
Delta 78.1%
22
Note: Statements above are reflective of FY 2018, as FY 2019 data has not been released by US DOT.
HARTSFIELD-JACKSON
ATL’S TOP 15 DOMESTIC DESTINATIONS 1. 2. 3. 4. 5. 6. 7. 8.
NEW YORK WASHINGTON, DC CHICAGO DALLAS HOUSTON ORLANDO FORT LAUDERDALE LOS ANGELES
9. TAMPA 10. BOSTON 11. PHILADELPHIA 12. MIAMI 13. CHARLOTTE 14. DENVER 15. DETROIT 23
HARTSFIELD-JACKSON
ECONOMIC IMPACT (REVENUE) CATEGORY
REVENUE
Direct
$40 billion
Indirect
$12 billion
Induced
$14 billion
Total
$66 billion
24
HARTSFIELD-JACKSON
ECONOMIC IMPACT (JOBS) SECTOR
JOBS
Direct
205,639 (includes 63,000 on-site)
Indirect
79,636
Induced
97,967
Total jobs
383,242 25
HARTSFIELD-JACKSON
WHAT IS ATLNEXT? •
ATLNext is the Airport’s multibillion-dollar capital improvement program.
•
ATLNext consists of a series of projects to boost capacity. They include projects to ...
1. 2. 3. 4. 5.
Modernize facilities Expand cargo operations Extend Concourse T Replace 2 parking decks Build a 6th runway
26
ATLNEXT PROGRESS
CANOPY PROJECT •
North and South Terminal canopies completed
3 38 3,500 3,708
Football fields in length Steel trusses Tons of steel, equivalent to 9 Boeing 777 airliners Colored LED lights
27 7
ATLNEXT PROGRESS
REFURBISHED VESTIBULES โ ข
Vestibule and building faรงade work also ongoing
28
ATLNEXT PROGRESS
T-NORTH EXPANSION •
5 additional gates
29
HARTSFIELD-JACKSON
PARKING FACILITIES •
ATLWest parking: Construction underway near GICC
•
Replace North and South Domestic parking decks
30
HARTSFIELD-JACKSON
PARKING FACILITIES •
ATLWest parking: Construction underway near GICC
•
Replace North and South Domestic parking decks
31
HARTSFIELD-JACKSON
CARGO EXPANSION •
Construct more than 800,000 square feet of warehouse space.
•
Secured tenant for Cargo Building C
•
Trade and Logistics Corridor between ATL and Amsterdam
32
HARTSFIELD-JACKSON
WEST CURB IMPROVEMENT
33
HARTSFIELD-JACKSON
WEST CURB IMPROVEMENT
34
HARTSFIELD-JACKSON
HOTEL
3535
HARTSFIELD-JACKSON
PEDESTRIAN WALKWAY
36
HARTSFIELD-JACKSON
PLANE TRAIN TUNNEL WEST EXTENSION
SKY Train
MARTA
Terminal Building
CONSTRUCTION SHAFT
PLANE TRAIN TUNNEL WEST EXTENSION
37
HARTSFIELD-JACKSON
RUNWAY 9L END-AROUND TAXIWAY
38 4
HARTSFIELD-JACKSON
RUNWAY 9L END-AROUND TAXIWAY
39 4
HARTSFIELD-JACKSON
RUNWAY 9L END-AROUND TAXIWAY
40
HARTSFIELD-JACKSON
NEW RUNWAY •
Build a sixth runway
•
Create two end-around taxiways
•
Replace runway pavement
41
HARTSFIELD-JACKSON
THE FUTURE ?
42
HARTSFIELD-JACKSON
THANK YOU
43
44
REPLACE WITH IMAGE FROM BARBERSTOCK OR REMOVE THIS NOTE TO KEEP CURRENT IMAGE
PLACE IMAGE HERE
@christopherbw
PRESIDENT’S REPORT
WILLIAM PATE PRESIDENT & CEO
REPLACE WITH IMAGE FROM BARBERSTOCK OR REMOVE THIS NOTE TO KEEP CURRENT IMAGE
PLACE IMAGE HERE
OLD BUSINESS
REPLACE WITH IMAGE FROM BARBERSTOCK OR REMOVE THIS NOTE TO KEEP CURRENT IMAGE
PLACE IMAGE HERE
NEW BUSINESS
ADJOURN