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acavpics
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Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 12:16 am

I just happened to be looking at the international service out of MIA (and a bit of FLL), and I noticed that international airlines offer relatively frequent service on aircrafts with large first and business class capacity. For example, it just hit me that TK sends a daily 77W, LX has twice daily service (777 and A330), AF has a year round A380. Even LH has 747s and A380s going to FRA and MUC respectively.
I understand that tourism accounts for a large portion of traffic in and out of South Florida, but those are mostly leisure passengers who fly economy. What industries/companies in the area help airlines fill up the front cabins on these flights?

While Miami is a big tourist destination, it does not have a large tech industry like San Francisco, a banking and finance industry like New York , an oil industry like Houston, an entertainment/media industry like Los Angeles, or a biotech industry like Boston.
 
stlgph
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 12:37 am

Miami doesn't have finance? It's only the largest concentration of international banks in the U.S.

And then it serves as the Latin America center of operations for a number of companies.

And then it doesnt have media and entertainment?
Uh......Spanish language programming.

That and so much more....that you can find...by using Google.
Last edited by stlgph on Fri Dec 27, 2019 12:41 am, edited 1 time in total.
if assumptions could fly, airliners.net would be the world's busiest airport
 
luckyone
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 12:39 am

A lot of the tourists are high end tourists, many of whom will fly in premium classes. As for banking, Miami has a very robust financial sector, see Brickell. A lot of money from Central and South America is kept in those banks.
 
MIflyer12
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 12:49 am

stlgph wrote:
Miami doesn't have finance? It's only the largest concentration of international banks in the U.S.


Deposit banking doesn't create demand for out-bound air travel. It's investment banking - M&A - that does.

Yes, there's plenty of high-end leisure to MIA.
 
Brickell305
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 12:52 am

Miami/Ft. Lauderdale metro area happens to be the Latin American/Caribbean headquarters for many several US companies. It also functions as the US base for many Latin American companies. The financial sector alone generates significant international business travel. Miami is also a place that many wealthy people invest in real estate on top of being a tourist destination for the same demographic.
 
CobaltScar
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 12:54 am

Watch the documentary "Cocaine Cowboys" for part of the answer.
 
Brickell305
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 12:57 am

MIflyer12 wrote:
stlgph wrote:
Miami doesn't have finance? It's only the largest concentration of international banks in the U.S.


Deposit banking doesn't create demand for out-bound air travel. It's investment banking - M&A - that does.

Yes, there's plenty of high-end leisure to MIA.

The primary investment/corporate banking segment in Latin America is generally FX and to a lesser extent treasury and trade services. They generate significant amounts of travel ranging from revenue generating business to operational and supervisory related travel. Miami being the Latam headquarters for many banks would be the source for a significant portion of that traffic.
 
nomorerjs
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 1:37 am

Auto industry! Stealing all the LATAM O&D that should be at the Motor City!

Some people actually believe that!
 
dfwjim1
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 1:51 am

The cruise industry could also be considered as generating a lot of business travel.
 
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N62NA
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 1:56 am

stlgph wrote:
Miami doesn't have finance? It's only the largest concentration of international banks in the U.S.

And then it serves as the Latin America center of operations for a number of companies.

And then it doesnt have media and entertainment?
Uh......Spanish language programming.

That and so much more....that you can find...by using Google.


Feel better now that you treated the OP like a total idiot?

You could have written your post in a much nicer manner.
 
stlgph
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 2:01 am

I guess it all must be really *that* hard.
if assumptions could fly, airliners.net would be the world's busiest airport
 
DTVG
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 2:16 am

Apart from the things already mentioned above, Florida has attracted multiple Hedge Funds (and their managers as residents) and Asset Managers over the past years. Also it is the primary’s place for LATAM to launder money. Overall these kind of services attract highly paid individuals.

Don’t forget that some of those beautiful islands/countries around Miami have very similar functions. As not all of these islands have direct connections to finance hubs, premium traffic must pass through MIA.
 
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chepos
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 2:29 am

MIAMI also plays a very important role in the Latin American entertainment business. Many entertainers from the region reside in the Miami area or have second homes there and frequently shuttle back and forth. Many productions also shoot in Latin America and Miami.


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303dk
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 2:32 am

Every luxury brand in the world operates their LATAM and travel retail biz out of offices in Miami
 
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spinkid
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 2:44 am

I know many people at Limited Brands (Victoria's Secret, Bath and Body Works) and Dadeland Mall is their highest grossing store in the company by leaps and bounds. That's the same for most retailers there. Those stores have a lot of attention paid to them by corporate types
 
jfk777
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 2:56 am

Miami has Business Class demand from Latin American Banking & Finance, affluent leisure both ways and Cruises. Just think if an event like Art Basel.
 
MAH4546
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 3:01 am

International tourism to Miami tends to be higher yielding with a greater propensity to fly premium cabins as it’s considered by Europeans especially to be a “luxury” destination.

Miami is also a major financial and banking hub with a large concentration of foreign banks. This creates a lot of strong premium demand from Switzerland especially.

There is also a lot of traffic for the entertainment/media industry, as Miami is a major entertainment industry hub behind only LA and NY in the States.

And there is a lot of premium traffic in the fashion industry from Milan and Paris especially.

Miami is also a major hub for the shipping industry (although this creates premium traffic more so from Asia, especially HK and Taiwan), boat manufacturing and cruise industry (the latter two create strong demand from Italy).

And hundreds of major corporations tend to operate their Latin America HQ out of Miami rather than actually in Latin America - it’s just more stable. General Motors, Sony, Visa, Microsoft, Airbus - all out of Miami rather than Mexico City or São Paulo.

Also, rich Russians. And just generally, rich Europeans who like to put their money in Miami (eg real estate) where it’s better protected than investing it in Europe.
Last edited by MAH4546 on Fri Dec 27, 2019 3:06 am, edited 2 times in total.
a.
 
B752OS
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 3:15 am

stlgph wrote:
Miami doesn't have finance? It's only the largest concentration of international banks in the U.S.

And then it serves as the Latin America center of operations for a number of companies.

And then it doesnt have media and entertainment?
Uh......Spanish language programming.

That and so much more....that you can find...by using Google.


When looking at financial centers, the top cities in the United States are New York, Boston, Chicago and San Francisco.
 
TTailedTiger
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 3:26 am

stlgph wrote:
Miami doesn't have finance? It's only the largest concentration of international banks in the U.S.

And then it serves as the Latin America center of operations for a number of companies.

And then it doesnt have media and entertainment?
Uh......Spanish language programming.

That and so much more....that you can find...by using Google.


What media and entertainment? ...I wish. It irritates the hell out of me that movies and TV shows set in FL get filmed in California. As if we can't tell the difference between the landscape. They always get the details wrong. It would seem much cheaper to film on location FL since we have a lot more open space and far less people to contend with.
 
MAH4546
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 4:02 am

TTailedTiger wrote:
stlgph wrote:
Miami doesn't have finance? It's only the largest concentration of international banks in the U.S.

And then it serves as the Latin America center of operations for a number of companies.

And then it doesnt have media and entertainment?
Uh......Spanish language programming.

That and so much more....that you can find...by using Google.


What media and entertainment? ...I wish. It irritates the hell out of me that movies and TV shows set in FL get filmed in California. As if we can't tell the difference between the landscape. They always get the details wrong. It would seem much cheaper to film on location FL since we have a lot more open space and far less people to contend with.


Miami is not a major production hub for English language, a lot moved to Georgia with film incentives, but the corporate side of it is still very big in Miami, both film/TV and music. And there is still a huge concentration of production, but in Spanish. Also music video and commercial production remains significant, and there are soundstages. One benefit is that you can hire a cast in English and a cast in Spanish and film the show twice and use the same sets. Nickelodeon does this with some of their kids shows which are shot on soundstages in downtown Miami. Same sets, same crew, two different casts. They have a studio lot just west of the performing arts centre in Overtown.
a.
 
IPFreely
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 4:11 am

stlgph wrote:
Miami doesn't have finance? It's only the largest concentration of international banks in the U.S.


Not even remotely correct. Try again.
 
acavpics
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 4:27 am

MAH4546 wrote:
International tourism to Miami tends to be higher yielding with a greater propensity to fly premium cabins as it’s considered by Europeans especially to be a “luxury” destination.

Miami is also a major financial and banking hub with a large concentration of foreign banks. This creates a lot of strong premium demand from Switzerland especially.

There is also a lot of traffic for the entertainment/media industry, as Miami is a major entertainment industry hub behind only LA and NY in the States.

And there is a lot of premium traffic in the fashion industry from Milan and Paris especially.

Miami is also a major hub for the shipping industry (although this creates premium traffic more so from Asia, especially HK and Taiwan), boat manufacturing and cruise industry (the latter two create strong demand from Italy).

And hundreds of major corporations tend to operate their Latin America HQ out of Miami rather than actually in Latin America - it’s just more stable. General Motors, Sony, Visa, Microsoft, Airbus - all out of Miami rather than Mexico City or São Paulo.

Also, rich Russians. And just generally, rich Europeans who like to put their money in Miami (eg real estate) where it’s better protected than investing it in Europe.


Now I see how LX is able to sell out a daily year-round 777 and A330 to MIA. All this time I was wondering how they were able to do this given that MIA is not a Star hub.
 
MAH4546
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 5:39 am

IPFreely wrote:
stlgph wrote:
Miami doesn't have finance? It's only the largest concentration of international banks in the U.S.


Not even remotely correct. Try again.


It is absolutely 100% accurate. Brickell Avenue has the single largest concentration of international banks in the United States. Given Miami’s stability compared to Latin America, many major banks operate their Latin America operations out of Miami rather than elsewhere.
a.
 
Mboyle1988
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 6:06 am

It is always so much fun when Northeasterners discover that the world doesn't terminate with the Acela line in DC!
 
trueblew
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 7:16 am

Miami is the capital of Latin America, so that's not nothing.
 
axiom
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 10:23 am

MAH4546 wrote:
IPFreely wrote:
stlgph wrote:
Miami doesn't have finance? It's only the largest concentration of international banks in the U.S.


Not even remotely correct. Try again.


It is absolutely 100% accurate. Brickell Avenue has the single largest concentration of international banks in the United States. Given Miami’s stability compared to Latin America, many major banks operate their Latin America operations out of Miami rather than elsewhere.


Yup. MIA has the largest concentration of international banks in the US, outside NYC. MIA is effectively a bridge between Latin American finance and the rest of the world. This important financial role fuels MIA's economy (finance, real estate, tourism, cultural production), and helps to explain in part how and why MIA is uniquely influential in coordinating economic activities between the "Global North" and Latin America. As one example, banks maintain overseas "correspondent" banks -- those which provide services for clients that cannot be provided in house, or related to offshore transactions. "In 2000, the 22 most important banks headquartered in Central American maintained ties with a cumulative total of 319 "correspondent banks"outside the region... Of these 319 links, 168 were with Miami, New York was second with only 35 links. Miami is a major player in the external financial connections of Central America." (Sassen; Cities in a World Economy).

Banking is a proxy to understand a broader set of economic, cultural, and political relationships that help to explain high value travel demand between South Florida and Latin America -- a major contributor to that premium demand the OP was asking about.
 
axiom
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 10:31 am

MAH4546 wrote:
TTailedTiger wrote:
stlgph wrote:
Miami doesn't have finance? It's only the largest concentration of international banks in the U.S.

And then it serves as the Latin America center of operations for a number of companies.

And then it doesnt have media and entertainment?
Uh......Spanish language programming.

That and so much more....that you can find...by using Google.


What media and entertainment? ...I wish. It irritates the hell out of me that movies and TV shows set in FL get filmed in California. As if we can't tell the difference between the landscape. They always get the details wrong. It would seem much cheaper to film on location FL since we have a lot more open space and far less people to contend with.


Miami is not a major production hub for English language, a lot moved to Georgia with film incentives, but the corporate side of it is still very big in Miami, both film/TV and music. And there is still a huge concentration of production, but in Spanish. Also music video and commercial production remains significant, and there are soundstages. One benefit is that you can hire a cast in English and a cast in Spanish and film the show twice and use the same sets. Nickelodeon does this with some of their kids shows which are shot on soundstages in downtown Miami. Same sets, same crew, two different casts. They have a studio lot just west of the performing arts centre in Overtown.


Also accurate. Beyond Univision and Telemundo, MIA is home to the Latam HQ of Fox, HBO, Discovery Networks, Disney Media, MTV, Nickelodeon.. it's also the Latam region base for Twitter, and Facebook has a large presence.

https://www.miamiherald.com/news/busine ... 42404.html
 
SCQ83
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 10:52 am

Mboyle1988 wrote:
It is always so much fun when Northeasterners discover that the world doesn't terminate with the Acela line in DC!


I would say that this is very particular about Miami.

When in the US I have noticed that many (anglo) Americans see Miami in a very bad light (they would never go south of Palm Beach), as they think it is a crime-infested tacky city where nobody speaks English (which is partially true :D).

But if some rich European fancies to buy property in the US (or just moving there for pleasure without any other work or economic constraint), that would New York or Miami. Period. Very few Europeans would venture to buy a property or move for pleasure to Boston, DC, Los Angeles, San Francisco (or Vancouver or Toronto in Canada) that Americans and Asians see as "better" cities than MIA. It is all about perception.

In a way Europeans see Miami as the "New York of the Caribbean", or New York with tropical weather.
 
Miamiairport
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 12:48 pm

MIA/FLL is one of the fastest growing tech regions. In addition, more European companies have located their Americas subsidiaries in this region. And of course MIA is the premier connecting airport for business travelers from SA to the US.
 
MIAFLLPBIFlyer
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 2:19 pm

Miami has a huge finance sector and a growing media/entertainment sector, mostly in Spanish of course. LATAM HQ's as noted above. I used to pass the Microsoft Latin American HQ in Fort Lauderdale everyday on my way to work a few years ago. That's one of many in a growing tech sector down here.
 
IPFreely
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 2:25 pm

axiom wrote:
MAH4546 wrote:
IPFreely wrote:

Not even remotely correct. Try again.


It is absolutely 100% accurate. Brickell Avenue has the single largest concentration of international banks in the United States. Given Miami’s stability compared to Latin America, many major banks operate their Latin America operations out of Miami rather than elsewhere.


Yup. MIA has the largest concentration of international banks in the US, outside NYC.


NYC is in the US.
 
axiom
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 2:47 pm

IPFreely wrote:
axiom wrote:
MAH4546 wrote:

It is absolutely 100% accurate. Brickell Avenue has the single largest concentration of international banks in the United States. Given Miami’s stability compared to Latin America, many major banks operate their Latin America operations out of Miami rather than elsewhere.


Yup. MIA has the largest concentration of international banks in the US, outside NYC.


NYC is in the US.


I don’t understand what you are saying, or why you are falling into an axe over this. The point is: Miami has a highly internationalized banking sector that is unique is size and position. There are many ways to measure the size of the financial sector, and I offered one example which explains a significant driving feature of MIA’s air service demand. Facts demonstrate that you’re the one that is “far from remotely correct.”
 
mugler
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 2:51 pm

acavpics wrote:
I just happened to be looking at the international service out of MIA (and a bit of FLL), and I noticed that international airlines offer relatively frequent service on aircrafts with large first and business class capacity. For example, it just hit me that TK sends a daily 77W, LX has twice daily service (777 and A330), AF has a year round A380. Even LH has 747s and A380s going to FRA and MUC respectively.


A lot of airlines increase capacity to MIA during the winter months including the ones you mention. LX and VS have 2 daily flights only during these months. AF sends the A380 only for the winter season, and LH swaps the A380 ops from FRA to MUC during winter too. MUC is only a seasonal flight.
 
washingtonflyer
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 2:51 pm

Yes, as others have noted, there is a lot of $$$ in MIA. MIA is very much a have and have-not city but the "haves" have a lot of cash. There has been a tremendous amount of capital flight from Venezuela, Brazil, and other Latin countries, and much of that lands in Miami. Much of the travel there is premium travel (South Beach, etc.), so the premium market is quite robust.

Quite the contrast from MCO about 200 miles away.....
 
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Revelation
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 3:11 pm

DTVG wrote:
Apart from the things already mentioned above, Florida has attracted multiple Hedge Funds (and their managers as residents) and Asset Managers over the past years

Zero state tax on earned income, interest or dividends for individuals makes it a nice place to set up shop, if you can stand to live there.
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MIAFLLPBIFlyer
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 3:25 pm

Revelation wrote:
DTVG wrote:
Apart from the things already mentioned above, Florida has attracted multiple Hedge Funds (and their managers as residents) and Asset Managers over the past years

Zero state tax on earned income, interest or dividends for individuals makes it a nice place to set up shop, if you can stand to live there.


Most of the big ponzi scandals in recent years have had ties to Florida, Fort Lauderdale area in particular.
 
washingtonflyer
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 3:47 pm

Funny, you mention it. Was watching "American Greed" on CNBC a few weeks back and they featured the (in)famous Mutual Benefits Corp. scandal.

Amazing.
 
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Midwestindy
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 3:56 pm

axiom wrote:
IPFreely wrote:
axiom wrote:

Yup. MIA has the largest concentration of international banks in the US, outside NYC.


NYC is in the US.


I don’t understand what you are saying, or why you are falling into an axe over this. The point is: Miami has a highly internationalized banking sector that is unique is size and position. There are many ways to measure the size of the financial sector, and I offered one example which explains a significant driving feature of MIA’s air service demand. Facts demonstrate that you’re the one that is “far from remotely correct.”


I have heard a lot of mentions about the concentration of international banks, while that maybe true it doesn't necessarily explain the abundance of first class demand.

A majority of the South Florida Finance industry (not focussed on Latin America) is focussed on Wealth Management, Real Estate, & Hedge Funds, rather than M&A activity which is what drives much of the Corporate travel in the Finance/banking world.

Outside of the Latin America connections, South Florida's Finance industry is largely built on catering the the Ultra high net worth individuals who have their 1st, 2nd, 3rd, or 4th homes in South Florida, which in itself is a sector that garners much less corporate travel. However, the individuals who the banks cater to, generate a lot of travel all of which is in First Class.

The real corporate travel is the Latin America connections, where Latin American companies have their US HQs in South Florida and vice versa, rather than the banking/finance industry many people are mentioning.

But I'd wager to say high net worth individuals, and LATAM HQs, are what drive a large majority of the First and Business Class demand into Miami/Fort Lauderdale from areas outside of Latin America

washingtonflyer wrote:
Yes, as others have noted, there is a lot of $$$ in MIA. MIA is very much a have and have-not city but the "haves" have a lot of cash.


Very comparable to LA in that sense
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axiom
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 4:37 pm

Midwestindy wrote:
axiom wrote:
IPFreely wrote:

NYC is in the US.


I don’t understand what you are saying, or why you are falling into an axe over this. The point is: Miami has a highly internationalized banking sector that is unique is size and position. There are many ways to measure the size of the financial sector, and I offered one example which explains a significant driving feature of MIA’s air service demand. Facts demonstrate that you’re the one that is “far from remotely correct.”


I have heard a lot of mentions about the concentration of international banks, while that maybe true it doesn't necessarily explain the abundance of first class demand.

A majority of the South Florida Finance industry (not focussed on Latin America) is focussed on Wealth Management, Real Estate, & Hedge Funds, rather than M&A activity which is what drives much of the Corporate travel in the Finance/banking world.

Outside of the Latin America connections, South Florida's Finance industry is largely built on catering the the Ultra high net worth individuals who have their 1st, 2nd, 3rd, or 4th homes in South Florida, which in itself is a sector that garners much less corporate travel. However, the individuals who the banks cater to, generate a lot of travel all of which is in First Class.

The real corporate travel is the Latin America connections, where Latin American companies have their US HQs in South Florida and vice versa, rather than the banking/finance industry many people are mentioning.

But I'd wager to say high net worth individuals, and LATAM HQs, are what drive a large majority of the First and Business Class demand into Miami/Fort Lauderdale from areas outside of Latin America

washingtonflyer wrote:
Yes, as others have noted, there is a lot of $$$ in MIA. MIA is very much a have and have-not city but the "haves" have a lot of cash.


Very comparable to LA in that sense


This is all accurate. I was simply providing a specific example related to the talking point re international banking, as one example of several which explain the financial connections with Latam (and therefore air demand). These connections are mutually reinforcing - banking is there because corporate connections are there, etc. Nicely stated overview.
 
smartplane
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 8:24 pm

Bernie Cornfeld identified Miami as a city with a bright future, even as far back as the 60's.

Many aviation financiers call Miami home for the Northern hemisphere Winter, unless they have an Australian or NZ hideaway.
 
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GoneSovereign
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 8:30 pm

It's mainly for Pitbull concerts and Dolphin games. :stirthepot:
New York City Area
 
OB1504
Posts: 3987
Joined: Tue Jul 27, 2004 5:10 am

Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 9:24 pm

acavpics wrote:
Now I see how LX is able to sell out a daily year-round 777 and A330 to MIA. All this time I was wondering how they were able to do this given that MIA is not a Star hub.


A lot of the flights you’ve cited as “year round” are only winter seasonal, including the Swiss 777 on ZRH-MIA, the Air France A380 on CDG-MIA, and Lufthansa’s MUC-MIA service.
 
flymia
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 10:02 pm

I think the OP has gotten his information in now. Miami is not just a tourist destination. While a good chunk of traffic is leisure, and unlike many other "sunny destinations" a good amount of premium leisure the Southeast Florida region MIA/FLL is more than a tourist town. Its no Boston or San Fran but it is up there in business generation and only growing. Outside of the international banking, Latin American HQs, and catering to very wealthy people, as also noted Miami has a lot of fashion, art and entertainment traffic.

Miami is also one of the world's epicenters for the maritime and aviation industries. Miami has just enough business along with premium leisure to fill up the front cabins of all those planes.
"It was just four of us on the flight deck, trying to do our job" (Captain Al Haynes)
 
Kilopond
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Joined: Wed Jun 15, 2016 10:08 am

Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 10:16 pm

luckyone wrote:
A lot of the tourists are high end tourists, many of whom will fly in premium classes.[...]


Many rich Europeans started buying luxury homes in Southern Florida in the 1990-ies, when the weak US Dollar dropped to about 0.70 ECU (₠) - the predecessor of the Euro).
 
Dieuwer
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Fri Dec 27, 2019 10:21 pm

Miami is the money laundering capital for the Caribbean, Central- and South America. Plenty J/F demand from cartel bosses.
 
acavpics
Topic Author
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Sat Dec 28, 2019 12:33 am

Midwestindy wrote:

washingtonflyer wrote:
Yes, as others have noted, there is a lot of $$$ in MIA. MIA is very much a have and have-not city but the "haves" have a lot of cash.


Very comparable to LA in that sense


That is true (I'm assuming you are referring to wealth inequality in LA and Miami). Although it is worth mentioning that the LA area has a more diverse economy. Orange county for example has a sizeable and growing amount of tech and biotech companies which contribute significantly to business travel. Even Ventura , Los Angeles, and Riverside counties are seeing growth in this field.

The same can't really be said of anywhere in the Miami area.
 
mcogator
Posts: 557
Joined: Thu Jul 26, 2007 11:51 am

Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Sat Dec 28, 2019 1:16 am

Midwestindy wrote:
axiom wrote:
IPFreely wrote:



Very comparable to LA in that sense


Not at all. Yes, there are a lot of really wealthy people in LA/Ventura/Orange counties, but the middle class does well here too. In Miami there is a clear divide between the have and the have-not, as the pay for lower to mid level jobs are much lower compared to LA. Yes, I pay $2500/month for a one bedroom compared to $1500/month, and there are state income taxes, but my pay is literally double what I made in Florida, which more than offsets the cost of living increase. Plus, I don't need to take a shower after being outside for 15 minutes.
“Traveling – it leaves you speechless, then turns you into a storyteller.” – Ibn Battuta
 
afcjets
Posts: 3530
Joined: Thu Jan 01, 2015 6:20 pm

Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Sat Dec 28, 2019 1:46 am

CobaltScar wrote:
Watch the documentary "Cocaine Cowboys" for part of the answer.


Lol I was going to say something similar.
 
GalaxyFlyer
Posts: 6472
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Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Sat Dec 28, 2019 3:20 am

mcogator wrote:
Midwestindy wrote:
axiom wrote:


Not at all. Yes, there are a lot of really wealthy people in LA/Ventura/Orange counties, but the middle class does well here too. In Miami there is a clear divide between the have and the have-not, as the pay for lower to mid level jobs are much lower compared to LA. Yes, I pay $2500/month for a one bedroom compared to $1500/month, and there are state income taxes, but my pay is literally double what I made in Florida, which more than offsets the cost of living increase. Plus, I don't need to take a shower after being outside for 15 minutes.


Might read Richard Florida on wage inequality, worse in California.

https://www.citylab.com/equity/2019/12/jobs-cities-wage-inequality-salary-data-economic-growth-pay/602824/
 
eal
Posts: 278
Joined: Wed Mar 11, 2015 7:51 pm

Re: Where does most of the high end/business traffic out of MIA/FLL come from?

Sat Dec 28, 2019 4:01 am

What disgustingly ignorant comments on this page, I know plenty of Miamians who would love independence from the rest of the US for the very idiocy displayed in this chat.

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