Onwards and Upwards Growing the economy Supporting regional economic growth and employment is one of Brisbane Airport’s primary objectives. Brisbane Airport is a transport and business hub and a gateway for tourism, trade and economic activity for the South-East Queensland (SEQ) region. With SEQ being one of Australia’s fastest growing regions, the ability of the airport to contribute to economic activity is, and will continue to be, important for sustaining growth. What do they spend it on? Brisbane Airport Corporation is investing significantly in expanded aviation capacity and airport precinct development to encourage new industries and employment. Tourist expenditure on a typical international flight generates approximately $163,000. Brisbane Airport’s direct contribution to the SEQ economy in 2008* was equal to: Calculated by estimated 84 tourist passengers spending an average of $1,949 per passenger. • $3.2 billion in output to the SEQ economy. • $1.4 billion in spending in the wider community. • $840 million in total wages for people working at the airport. *Independently assessed by Access Economics; assessed in today’s dollars. ‘Now that’s a big pineapple!’ (Sunshine Coast Bus trip $39) ‘To the city, driver.’ (Taxis $25) ‘It says so much, don’t you think?’ (Gallery of Modern Art exhibit $42) ‘Aaaaaaaaaaaargh!!!!’ (Dreamworld $180) ‘What a night!’ (A night out on the Gold Coast $106) ‘Foot massage or spa? Decisions.’ (Noosa Resort $537) ‘Gnaaarly tubes!’ (Surf Lessons in Surfers Paradise $55) ‘Thar she blows!‘ (Whale watching Moreton Bay $135) More jobs Brisbane Airport currently employs over 17,000 full-time equivalent employees every day, in industries such as aviation, education, construction and retail. It is forecast that this workforce will grow to more than 50,000 by 2029. In 2007, Brisbane Airport Corporation commenced work on its $4.2 billion infrastructure program. $680 million has already been spent in new roads and terminal upgrades. A new runway, Domestic Terminal expansion, car parks and other projects are still to be delivered over the next decade. These projects will have a sgnificant flow-on effect, with many more jobs created beyhond the airport boundary. More passengers Brisbane Airport currently processes over 19 million passengers per year, with passenger numbers expected to increase to over 45 million by 2029. Annual passenger projections 32883 9508 9122 9905 31803 8747 8382 8029 7686 7355 6724 6425 6129 5840 5231 4877 4556 30738 29690 28659 27645 26650 25673 24716 23778 22889 22017 21165 20332 19522 18714 17815 4163 16732 15656 4100 3975 14898 5000 4074 10000 14757 15000 14350 20000 4336 25000 5571 30000 7034 35000 13519 Passengers (000’s) 40000 10312 45000 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 International Domestic Forecasts are based on a traffic review by Tourism Futures International in March 2010. More tourism Brisbane Airport’s 24/7 operations are key to its ability to attract airlines and passengers to Brisbane, and gives Brisbane a competitive edge over other major Australian airports. Visitors to Queensland spent $18,796 billion in 2009 – 16 million domestic overnight visitors spent $11,763 billion, two million international tourists spent $3.9 billion, and 29.7 million day visitors spent $3.1 billion. More Trade Coming into Queensland: Motors, mail, appliances, furniture, bedding, books, vegetables, medical supplies, hats, fabrics and lots more arriving in Brisbane for sale, manufacture and distribution. Going out of Queensland: Fresh produce, seafood, mining and agricultural products, medical supplies, household goods, motor vehicle components, and domestic appliances for sale overseas.