Quote:
Originally Posted by libtard
An airport is an airport, a plane is a plane, people are people. Why all this emphasis on international traffic? YVR’s skewed numbers with low overall pax and high international make it look like some boutique airport
|
International passengers
can be a sign that money/assets/investments are coming IN to the country from other places.
For better or for worse, capitalism is kind of based on taking as money from other areas until a point at which those other areas look for ways to become more competitive... and are forced to become more efficient.
Look at the recent recycling debacle of China not taking our recycling any longer. We did it because it was more efficient to send it away than deal with it ourselves. China is at a point where they don't need to rely on said income and it was a public relations mess, so now industries will hopefully shift to add automation to recycling plants, looking for efficient ways to handle recycling locally... making it cheaper to handle it here than ship it away.
Anyhow, the more international traffic you have can be an indication that you have more money earned elsewhere but spent here. While that's somewhat true with domestic travel, in that case, the overall national picture doesn't usually change as dramatically.
A person from Toronto spending money in Vancouver is not spending $100 in Toronto... so roughly Canada NET 0. A person from Zurich spending $100 in Vancouver is not spending $100 in Switzerland... Canada NET $100, Earth NET 0.
There's obviously more to it than that... but from an economic perspective that's more or less it.
Additionally, the more international routes you have, the more exposure to the global community you have. An international startup company trying to break into in Canada located in Tel Aviv may consider a North American office in Vancouver if there are a few direct flights.
Since Vancouver, unlike Seattle, doesn't have much in the way of industry other than real estate and tourism, we more heavily depend on other international companies setting up offices here. Direct international flights open up Vancouver to opportunities.