City Profile - Boston; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail
Industry Report I 2024-07-10 I 39 Pages I MarketLine
City Profile - Boston; Comprehensive overview of the city, PEST analysis and analysis of key industries including technology, tourism and hospitality, construction and retail
Summary
"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 $3.0 billion capital plan enhancing infrastructure and the BPDA approving nearly 22,000 housing units by 2023. Major projects such as the South Station Expansion are expected to continue boosting economic growth through 2030.
Reasons to Buy
- Gain a comprehensive knowledge of future economic and demographic trends and understand the performance of various sectors within the city.
- Analyze and understand the business environment in the city to align your investment and expansion strategies.
- The report helps to drive a conclusion in choosing a suitable city to invest or expand according to your business structure.
- Explore new opportunities in the hospitality, tourism, construction, real estate and retail sectors.
Table of Contents
1. City Snapshot
2. PEST Analysis
2.1 Political
2.2 Economic
2.3 Social
3. Technology and Infrastructure
3.1 Communications
3.2 Internal Transport Networks
3.3 Connectivity
3.4 Airport
3.5 Port
4. Business Environment Analysis
5. Travel and Tourism
5.1 Tourism Flows
5.2 Hotels
5.3 Attractions
5.4 Events
6. Construction and Real Estate
6.1 Investment
6.2 Real Estate Market
7. Retail
7.1 Retail Market
7.2 Consumption, Income and Prices
About MarketLine
Contact Us
List of Tables
Table 1: Boston metropolitan area - key facts (estimates), 2023
Table 2: Boston metropolitan area - real GDP and real GDP growth, 2000-30
Table 3: Boston metropolitan area - economic growth comparison (Index 2010=100), 2000-30
Table 4: Boston metropolitan area - GDP per capita comparison, 2000-30 ($)
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)
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.