Sea-Tac Enjoys a Strong Market with Geographic Advantages Limited Competition Strong Natural Demand 150 Miles 290 Miles 160 Miles Diverse Carrier Mix 2000 Horizon 13% United 15% 2009 Horizon 14% Continental 3% United 8% Continental 4% Alaska 28% Other 27% Other 26% Delta 6% NW 9% Alaska 35% Delta & NW 12% Sea-Tac passengers: Actual & Forecast, 2000 - 2021 45,000,000 40,400,722 40,000,000 31,553,166 35,000,000 28,408,553 30,000,000 25,000,000 actual forecast 20,000,000 15,000,000 10,000,000 5,000,000 0 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Seattle's Nonstop International Services Reykjavik Seoul Beijing Seattle Tokyo Osaka Taipei New nonstop services In 2007 - 2010 Scheduled for summer 2011 Existing services through 2006 London Frankfurt Heathrow Amsterdam Paris 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 66 Pier 91 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 Seattle's Cruise Passenger Growth 1999 - 2011 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 99 00 01 02 03 04 05 06 07 08 09 10 11 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