Sea-Tac Enjoys a Strong Market
with Geographic Advantages
Limited Competition Strong Natural Demand
160
Miles
290
Miles
150
Miles
Diverse Carrier Mix
United
15%
Continental
3%
Other
26%
NW
9%
Delta
6%
Alaska
28%
Horizon
13%
2000
United
8%
Continental
4%
Other
27%
Delta & NW
12%
Alaska
35%
Horizon
14%
2009
28,408,553
31,553,166
40,400,722
0
5,000,000
10,000,000
15,000,000
20,000,000
25,000,000
30,000,000
35,000,000
40,000,000
45,000,000
2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020
actual
forecast
Sea-Tac passengers:
Actual & Forecast, 2000 - 2021
Taipei
Amsterdam
Paris
Tokyo
Seattle
Seattle’s Nonstop International Services
London
Heathrow
Frankfurt
Beijing
Reykjavik
New nonstop services
In 2007 – 2010
Scheduled for summer 2011
Existing services through 2006
Osaka
Seoul
Majority of passenger and freight growth is forecast to be in the Asia-Pacific
region, creating tremendous opportunity for airlines and airports with
exposure to this region, such as Sea-Tac.
Seattle’s Two Cruise Terminals
Pier 91
Pier 66
Homeport Cruise Lines
Service
Launched
Vessels Itinerary
Norwegian 2000 2 7 day Alaska
Royal Caribbean &
Celebrity
2000 2 7 day Alaska
Holland America 2002 3 7 day and 14-day Alaska
Princess 2003 2 7 day
Carnival 2010 1 7 day Alaska
Disney 2012 1 7 day Alaska
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
99
00
01
02
03
04
05
06
07
08
09
10
11
Seattle’s Cruise Passenger Growth
1999 - 2011
2011: 195 vessels and 807,000 passengers (estimated)
Cruise Benefits the Community
Local Economic Impact (2011)
• 4,042 jobs
• $393 million annual business revenue
• $17 million annual state & local taxes
• $1.9 million of economic benefit each time a
homeport ship docks
Tourism is Big Business
State economic impact, 2010:
• Travelers spent $15.2 billion
(half in King County)
• Tax Revenue: Nearly $1 billion
• Direct jobs: 143,800
• Payroll: $4.3 billion
• 85% small business
• GDP ranking is #4
From crisis to opportunity
Washington State Tourism closing 6/30/2011
– New tourism organization formed:
“Washington Tourism Alliance”
Port and Tourism
– Partnership with Seattle’s CVB
– Focus on international visitors:
Japan, UK, France, Germany, China
Looking for Solutions
– New model for funding state-wide
– Unique opportunities for the Port