GENEVA YOUR HIGH YIELD MARKET
www.gva.ch/b2b 2018
K E Y FA C T S & F I G U R E S
Pax Traffic
Scheduled Airlines
• 17.4 mio pax in 2017. • +5.0 % traffic increase. Route Network • 141 scheduled destinations. • 58 scheduled airlines serving 4 continents.
27% Star Alliance 10% Skyteam 8% Oneworld
Catchment Area
12.1%
• Catchment area over 3 countries (Switzerland, France, Italy). • Highest concentration of international organizations and multinational companies. • Major touristic spots within 2 hours.
44.9%
easyJet
Swiss
British Airways
Air France
Lufthansa
Klm
Iberia
Brussels Airlines
Tap Portugal
Emirates
Others 2
Source: Genève Aéroport
TRAFFIC EVOLUTION
+12.0%
19.0 18.0
+4.8%
17.0
+4.1%
16.0
+5.0% +3.9%
15.0
+5.9%
14.0
+10.5%
13.0
Million of pax
12.0 11.0
+5.7% 11.5
-1.7% 11.3
+4.9%
13.9
+5.0% 17.4
+10.0%
16.5
15.8 15.2
+8.0%
14.4
13.1
+6.0%
11.9
10.0
+4.0%
9.0 8.0
+2.0%
7.0 6.0 5.0
+0.0%
4.0 3.0
-2.0%
2.0 1.0
-4.0%
0.0
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017 3
Source: Genève Aéroport
SCHEDULED CARRIERS
Skyteam
Legacy Carriers
Oneworld
Star Alliance
Low Cost Carriers
4
G VA LO N G - H A U L D E V E LO P M E N T
… 2013
GVA-PEK 4x / week
GVA-DXB 7x / week (now 14x)
GVA-JFK 7x / week
2003
June 2018 GVA-AUH 5x / week (now 7x)
2011
GVA-ADD 3x / week
GVA-DOH 5x / week (now 7x)
GVA-IAD 7x / week
GVA-YUL 7x / week
GVA-EWR 7x / week
2004
2007
2009 5
D E S T I N AT I O N S S U M M E R 2 0 1 8 Riga Moscow (DME, SOV)
Copenhagen Reykjavik
Minsk Hamburg Warsaw
Berlin
Amsterdam
SXF
Dusseldorf Lille
Kiev
Brussels
Krakow
Frankfurt Luxembourg
Prague
Paris
Beijing
(CDG/ORY)
Montreal
Munich
Nantes
Ljubljana Venice
Bordeaux
Washington
Chisinau
Budapest
Zurich
La Rochelle
New York
Vienna
Bucarest
Pula Asturias Bilbao Santiago de Compostela
Pisa
Biarritz Toulouse Marseille
Porto Madrid
Barcelona Menorca
Lisbon Faro
Sevilla
Florence Nice Toulon/Hyères Calvi Bastia Rome Ajaccio Figari Olbia Alghero
Valencia Palma de Majorca Ibiza Alicante
Split Dubrovnik
Algiers
Istanbul
Tivat Thessaloniki Naples
Brindisi Corfu Athens
Cagliari Palermo
Zakynthos Catania
Malaga
Sofia Pristina
Kalamata
Mykonos Thira Heraklion
Antalya
Tunis Malta
Lanarca
Casablanca
Beirut Djerba
Tel Aviv
Amman
Cairo
Kuwait
Marrakech
Doha
Tenerife Las Palmas
Dubai
Abu Dhabi Jeddah Addis Abeba
6
T R AV E L E R S P R O F I L E Reason of trip
Age
8%
16-21
8%
12%
22-34 35-44 35%
• A recent study carried by AirPlus International shows that more than half of passengers travelling via Genève Aéroport to intercontinental destinations are highyield travelers. • The proportion of frequent travelers is higher than industry average.
18%
15 % Family visit
26 %
59 %
Business
Leisure
45-54 55-64 19%
Travel frequency in the last 12 months 6% 9%
• GVA benefits from a good mix of passengers profile in terms of age and residency.
65 & over
Place of residence 35
8% 11%
25
17% 22%
22
33% 35%
35%
Industry Average 1 to 2
3 to 5
6 to 10
11 to 20
11
24%
3
4
GVA
ES
US
GB
FR
CH
Other
21 or more 7
Source: Genève Aéroport Service Quality (ASQ) satisfaction survey; GVA Arrivals Survey; AirPlus International Survey
C ATC H M E N T
Zurich
More than 6 mio people live within 2 hours drive from GVA airport.
Canton / Department
Geneva
463'000
Vaud
734'000
Valais
257'000
Fribourg
233'000
Neuchâtel
175'000
Other (within 2h)
700'000
Sub-total Switzerland
2'562'000
Haute-Savoie (74)
772'000
Ain (01)
412'000
Other (within 2h) Sub-total France TOTAL Source: OFS; INSEE; ISTAT; Genève Aéroport.
Population
2'591'000 3'775'000 6'337'000 8
ACCESS Genève Aéroport is a real multimodal airport with an easy access by: Rail train station within the airport; connected to regional and international networks (170 trains/day); 6 min to reach Geneva city center
Public transportation 6 bus city lines; efficient taxi service and hotel shuttles; regular coaches to: Annecy - 10x/day Chambéry - 6x/day Grenoble - 6x/day
Road connected to Swiss and French highway networks
Genève Aéroport - Aircolor
Genève Aéroport - Aircolor
9
G E N E V A’ S F I E L D S O F E X C E L L E N C E
International Organisations & Diplomacy
Finance & Trade
Biotech & Medtech
GENEVA Chemistry & Fragances Watches & Luxury
Education & Research
10
G E N E V A I N T E R N A T I O N A L C I T Y & D I P L O M AT I C C A P I T A L
• International Geneva is the heart of the world global governance: - 34 International Organizations (IOs)
- 250 Non-governmental Organizations (NGOs) - 175 States represented by a Permanent Mission - 29’487 persons employed in IOs, NGOs and permanent missions - IOs annual expenses reached CHF 5.97 billion in 2016 - GDP contribution of IOs, NGOs, permanent missions and consulates is estimated at 11.3% in Geneva
• Geneva is the first center for diplomatic meetings and conferences in the world: - 47’000 diplomats and int’l Civil Servants (incl. families) - 3’000 visits by Heads of State, Ministers and other officials - 2’831 meetings and International conferences - 219’495 delegates and experts attending - 1 out of 10 jobs provided in Canton Geneva by IOs, NGOs, permanent missions and consulates
Source: OCSTAT; Permanent Mission of Switzerland to the UN; Federal Department of Foreign Affairs; Republic and State of Geneva.
11
M U LT I N A T I O N A L C O R P O R A T I O N S
• There are 1’651 multinational companies in the GVA catchment area. • Multinationals account for 90’688 jobs in Geneva (i.e.: 29% of total employment in the city) and 88’000 in the canton Vaud. • 190 different nationalities are represented among the population (41% of Geneva’s residents are foreign nationals). • The city counts 130 EMEA headquarters due to its central location in Europe and proximity to Africa and the Middle East. Multinationals born in Geneva Watchmaking Industry
Flavors and fragrances industry
69 companies active in the watchmaking industry, and 9’546 people employed in the sector
1st world rank for the production of flavors and fragrances (70% share of global market) 12
Source: Geneva Economic Development Office, Geneva Multinational Companies (GEM), OCSTAT
FINANCIAL CENTER
• Switzerland manages around 26% of the world’s private offshore assets with 290 banking firms and 105’000 employees active in the financial sector. • The potential long-term growth throughout the financial sector is around 2%, which is superior to the economy as a whole even though experts agree that growth rates equivalent to those in the 1990s or the pre-crisis boom will no longer be reachable. • Geneva is the birthplace and capital of international asset management with 120 banking firms, 3’200 financial intermediaries and 870 independent asset managers counting more than 37’000 employees (including insurance and law firms).
Source: Swiss Banking Association; Geneva Financial Foundation; BAKBasel.
13
T R A D I N G & S H I P P I N G P L AT F O R M
• The trading and shipping sector in Switzerland represents an estimated 3.5% of the national GDP. • Thanks to its advantageous geographical position at the crossroads of European commercial routes, Geneva offers a unique and multilateral platform for the negotiation and improvement of the international management of commodities. • The commodity trading sector in Geneva consists of 400 international trading, certification and shipping companies, and approx. 8’000 persons employed in the sector. • Geneva hosts approx. 40% of global transactions and 50% of world traded coffee and sugar.
Coffee New York 5%
Sugar Americas (US & Brazil) 15%
Others 10%
Singapore 5% Zurich 10%
Hamburg 20%
Geneva Area 50%
Paris 15%
Geneva Area 50%
London 20%
14
Source: Swiss Trading & Shipping Association; Geneva Economic Development Office.
LEADING PHARMACEUTICAL & BIOTECH/MEDTECH INDUSTRY
• Geneva is part of BioAlps, the life science cluster in Western Switzerland: - 750 biotechnology, pharma and medtech companies
- 500 research laboratories - 20 research institutions, universities and university hospitals with relevant capabilities and expertise - Numerous organizations supporting innovation (start-up incubators, science parks, venture capital funds, contract service organizations) - 20’000 people employed in companies and 5’000 researchers • With the lengthening life expectancy and intensification of chronic diseases, global health care spend is expected to grow at 5% annually in the long-term.
New comers
Multinational pharma companies which have recently chosen Geneva for their operations:
Source: BioAlps; Geneva Economic Development Office; Deloitte Consulting.
15
E D U C AT I O N & R E S E A R C H
Switzerland is one of the best countries for the quality of its education, research and technologies.Université de Genève, Université de Lausanne (UNIL) and the Ecole Polytechnique Fédérale de Lausanne (EPFL) gather more than 27% (35’700) of total Swiss students.
1st European University in the Engineering and IT category (Academic Ranking of World Univeristies)
1st in Executive Education outside the US and 2nd worldwide (Financial Times)
World largest research centre in particle physics. Birthplace of the World Wide Web (www)
16
Source: SER; swissworld.org; EPFL; IMD; Cern; CCIG.
ECONOMIC STRENGTHS OF THE REGION
• Switzerland is one of the richest and most successful country in the world with a particularly low unemployment rate and an export-oriented economy specialized in high value-added products. • Geneva Area grows at a faster pace than Switzerland overall and Euro zone.
GDP YoY growth rate Euro zone (YoY growth)
Switzerland (YoY growth)
GDP evolution indexed GVA Area (YoY growth)
5
Euro zone
Switzerland
GVA Area
145 140
2.5
135
Growth rate
130 125 0 120 115 -2.5
110 105
-5
Source: Swiss Federal Office of Statistics; OCSTAT; Forum des 100; BCV; FMI
100
17
* forecast
MAJOR TOURISTIC SPOTS
Montreux Jazz Festival
Château d’Oex Festival
Gruyères Castle
Gstaad Open
Bern
Thun
Lausanne Olympic Museum
Gruyères Interlaken
Lausanne Vevey Montreux
Cervin / Matterhorn Zermatt
Château-d’Oex Gstaad
Evian Martigny
Chaplin Museum Vevey
Zermatt
Chillon Castle Montreux
Chamonix
Geneva Lake Festival
Annecy Lake
Chamonix Mont Blanc
Gianadda Foundation Martigny
18
W I N T E R S P O R T G A T E W AY Around 1’200’000 travelers transit via Genève Aéroport each winter season to access the largest ski area in the world with more than 200 ski resorts within 3 hours drive.
Four of the Top 10 ski resorts per volume worldwide are located in the GVA area:
1.
La Plagne
2.
Saalbach Hinterglemm Leogang (AT)
3.
SkiWelt Wilder Kaiser Brixental (AT)
4.
Les Arcs
5.
Ischgl/Samnaun Silvretta Arena (AT)
6.
Whistler Blackcomb (CA)
7.
Alta Badia (IT)
8.
Val-Thorens
9.
Courchevel Méribel
10.
Vail (USA)
Source: International Report on Snow & Mountain Tourism 2015; Genève Aéroport
19
FREIGHT ACTIVITY Genève Aéroport offers a modern cargo terminal •
Warehouse: 24'000 m2 - Capacity: 100'000t/year
•
Refrigerated storage (Pharma & Perishables)
•
Safes for valuables
•
Handling room for radioactive goods
•
Loading platform adjustable for any type of lorry
•
Free ports (10'000m2) inside the freight terminal
•
French customs with possibility of direct customs clearance from the cargo building to all countries of the European Union
•
Very short consignment time: 70-90 min. on average
•
Reliability of services (punctual dispatch, no strikes, security for goods)
Total Freight 2017 Mail 5%
Truck Freight 27%
88'971 t
Source: Genève Aéroport
Air Freight 68%
Main imported goods
Main exported goods
Spare parts for machinery
Chemical and pharma products
Perishables
Watches, jewelry
Electronic components
Machinery
Computer equipment
Electronic components 20
C O M PA R I S O N O F A I R P O R T C H A R G E S Average charges for an International Operation (including all charges related to landing, noise, emission, terminal navigation, parking, passenger, security, etc.). A330-300
B787-8
11'000
10'000
9'000
8'000
7'000
6'000
5'000
4'000
3'000
2'000
1'000
0 ZRH
LIN
Source: RDC Aviation (January 2017)
BUD
ORY
VIE
BHX
BCN
ATH
GVA GVA
CPH
HAM
CGN
VLC
WAW
DUS
21
MARKETING SUPPORT
1
2 Exploratory Phase
• Airport cost analysis • Route feasibility studies
• Market research & statistics • Administrative support (regulation, government, operational contacts, etc.) …
3 Launching Support
• PR & Events (BtoB launching event, press release, conference, etc.) • Airport Advertising (outdoor megasurface billboard, flags in checkin hall, etc.) • E-marketing (banner on airport website, on-line prize draw) • Marketing & Sales support (destination leaflet, dedicated workshop, promotion on airport stand in public faires, etc.)
Long-term Commercial Support
• Follow-up of commercial and traffic results
• E-marketing (banner on airport website, on-line prize draw) • Marketing & Sales support (destination leaflet, dedicated workshop, promotion on airport stand in public faires, etc.) …
… 22
COMMERCIAL INCENTIVES
1.
Discount for new destination (based on landing fees) Short-haul routes Periods
Rebate
(6 months each)
2.
Long-haul routes Periods
Rebate
(1 year each)
Conditions • New destination for airport & not operated during 12 months.
1st period
80%
1st period
80%
• Scheduled flight & year-round.
2nd period
60%
2nd period
60%
3rd period
40%
3rd period
40%
• Applicable only to landing fees (not to surcharges and ATC).
4th period
20%
4th period
20%
Passenger growth scheme Annual Pax Growth
Refund
≥ 5%
3.5%
≥ 7.5%
4.75%
≥ 10%
6%
≥ 15%
10%
≥ 20%
15%
≥ 25%
20%
Conditions • Growth calculated on a yearly basis (January to December). • Refund based on the passenger service charge (PSC) collected during the period (CHF 12.50 per pax). • Incentive valid for 2018, subject to approval for following years. • Valid for airlines operating scheduled flights on a year-round basis. 23
NEW “EAST WING” PROJECT •
New pier dedicated to wide-body aircrafts
•
Construction plans approved in 2014
•
Works started in April 2016
•
Opening planned end of 2020
•
Design by Rogers Stirk Harbour + Partners (LHR-Terminal 5, MAD-Terminal 4)
•
6 stands for wide-body aircrafts + 1 for narrow-body (or mixed utilization with more stands)
•
Positive-Energy Building
24
www.gva.ch/b2b 2018