Boston City - Comprehensive Overview, PEST Analysis and Analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail

June 2023 | 38 pages | ID: C07DD8EC7FBEN
MarketLine

Abstracts

Boston City %li%Comprehensive Overview, PEST Analysis and Analysis of Key Industries including Technology, Tourism and Hospitality, Construction and Retail

Summary

“City Profile %li%Boston” provides historical and forecast data on key city level metrics along with analytical coverage of the latest political, economic, social, technological, infrastructural, legal and environmental issues affecting Boston.

• The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.

Boston is among the 10 most populous metropolitan regions in the US and accounted for 2.3% of the national GDP in 2022. The city is a key contributor to the regional economy with strong presence of service sector. The Boston metropolitan area serves as a major hub for innovation and entrepreneurship, playing a crucial role in driving the economy of the New England region in the United States. The economy is diverse, with key sectors such as transport, higher education, healthcare, finance, and travel and tourism contributing significantly. However, tighter monetary policy implemented by the Federal Reserve since March 2022, in response to persistent inflationary pressure, had a significant impact. The continuous interest rate hikes led to disruptions in the banking sector, resulting in the collapse of Silicon Valley Bank (SVB) in Massachusetts in 2023

Scope

• The service sectors remain the key contributors to the regional economy and the major employers.
• The Petroleum and liquefied natural gas handled at the port terminals serve most of the state’s fuel requirement.
• Boston is a vibrant tourist destination with diverse attractions, including shopping, boating, sports, museums, theaters, and culinary experiences. Tourism plays a vital role in the Commonwealth of Massachusetts, contributing significantly to its economic output.
• Performance is observed in the construction sector with increasing employment, number of building permits issued and building completions. The City of Boston, under the Capital Investment Plan 2018-22, involved in various construction, upgrade, and renovation projects, including schools, transport, and public facilities

Reasons to Buy

• Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
• Analyze and understand the business environment in the city to align your investment and expansion strategies.
• The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
• Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.

Contents

1. CITY SNAPSHOT

2. PEST ANALYSIS

2.1 Political
2.2 Economic
2.3 Social

3. TECHNOLOGY AND INFRASTRUCTURE

3.1 Communications
3.2 Internal Transport Networks
3.3 Connectivity
3.4 Airport
3.5 Port

4. BUSINESS ENVIRONMENT ANALYSIS

5. TRAVEL AND TOURISM

5.1 Tourism Flows
5.2 Hotels
5.3 Attractions
5.4 Events

6. CONSTRUCTION AND REAL ESTATE

6.1 Investment
6.2 Real Estate Market

7. RETAIL

7.1 Retail Market
7.2 Consumption, Income and Prices
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List Of Tables

LIST OF TABLES

Table 1: Boston metropolitan area - key facts (estimates), 2022
Table 2: Boston metropolitan area - real GDP and real GDP growth, 2000-30
Table 3: Boston metropolitan area - economic growth comparison (Index 2010=100), 2000-30
Table 4: Boston metropolitan area - GDP per capita comparison, 2000-30 ($)
Table 5: Boston metropolitan area - employment structure, 2000-30 (% of total)
Table 6: Boston metropolitan area - main universities, 2022
Table 7: Boston metropolitan area - population comparison, 2000-30 (million)
Table 8: Boston metropolitan area - population by age, 2000-30 (% of total)
Table 9: Boston metropolitan area - mass transit network indicators, 2022
Table 10: Boston metropolitan area - Boston Logan International Airport, key airport indicators - passengers, 2019-23*
Table 11: Boston metropolitan area - Boston Logan International Airport, key airport indicators - cargo movements (Metric tonnes), 2019-23*
Table 12: Boston metropolitan area - Boston Logan International Airport, key airport indicators - aircraft movements (Number), 2019-23*
Table 13: Boston city - International tourist arrivals, 2019
Table 14: Boston city - International and overseas arrivals, 2016-19 (Number)
Table 15: Boston city - International and overseas spending, 2016-19
Table 16: Boston city - hotel key performance indicators, 2019-22
Table 17: Boston metropolitan area - MICE and other events

List Of Figures

LIST OF FIGURES

Figure 1: Boston metropolitan area - real GDP and real GDP growth, 2000-30
Figure 2: Boston metropolitan area - economic growth comparison (Index 2010=100), 2000-30
Figure 3: Boston metropolitan area - GDP per capita comparison, 2000-30
Figure 4: Boston metropolitan area - employment structure, 2000-30 (% of total)
Figure 5: Boston metropolitan area - population comparison, 2000-30
Figure 6: Boston metropolitan area - population by age, 2000-30 (% of total)