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City Profile - Boston; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail

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  • 39 Pages
  • July 2024
  • Region: Global
  • MarketLine
  • ID: 5949825
“City Profile - 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 2.2% of the national GDP in 2023. Boston is the education hub of the country, home to top most universities of the country. The economy remained buoyant in 2023, driven by strong consumer spending, investment, and exports, despite inflationary pressures and interest rate hikes. Unemployment remained below 3.0% in 2023, supported by job growth in hospitality, healthcare, and transportation.

Scope

  • The service sectors remain the key contributors to Boston metropolitan area’s economy and the major employers
  • The Boston metropolitan area's tourism sector is vital to the economy, with 19.5 million visitors in 2022 contributing $24.2 billion in direct spending. The Massachusetts Office of Travel and Tourism (MOTT) is actively promoting the state with initiatives like the "Take a Moment" campaign and a $5.0 million Destination Development Grant.
  • The construction sector of the Boston metropolitan area also saw significant growth, with Mayor Walsh's $3.0 billion capital plan enhancing infrastructure and the BPDA approving nearly 22,000 housing units by 2023. Major projects such as the South Station Expansion are expected to continue boosting economic growth through 2030.

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.

Table of 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
Table 1: Boston metropolitan area - key facts (estimates), 2023
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, 2023
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’s passenger data, 2019-24* (Number)
Table 11: Boston metropolitan area - Boston Logan International Airport’s cargo movements, 2019-24* (Metric tonnes)
Table 12: Boston metropolitan area - Boston Logan International Airport’s aircraft movements, 2019-24* (Number)
Table 13: Massachusetts - Overseas visitors, 2022 (Number)
Table 14: Greater Boston - International and overseas arrivals, 2019-23 (Number)
Table 15: Greater Boston - hotel key performance indicators, 2019-23
Table 16: Boston metropolitan area - MICE and other events
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)