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.
Boston-Cambridge-Newton mtropolitan statistical area, also called Boston metropolitan area, had a population of 4.91 million inhabitants in 2021. it accommodated 1.5% of the total country’s population in 2021. The area is a hub for innovation and entrepreneurship in the US and flourishing sectors such as transport, higher education, healthcare, finance, and travel and tourism. The service sector contributed the most to the gross value added (GVA) of the area in 2021 at 86.5%.
The report contains detailed tourism, retail, construction, technology and public infrastructure data and insight into economic, social, and industry trends.
Scope
- The service sectors remain the key contributors to the regional economy - and the major employer.
- Boston is one of the key tourist destinations in the US, for both domestic and international tourists. In 2020, the global pandemic impacted the area’s tourism sector. The area’s construction sector suffered a setback as projects were paused in Q1 2020 due to closure of sites and delay in receiving construction permits. in 2021, the sector added 3.2% to the GVA of the area.
- 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.
- City Snapshot
- PEST Analysis
- Political
- Economic
- Social
- Technology and Infrastructure
- Communications
- Internal Transport Networks
- Connectivity
- Airports
- Ports
- Business Environment Analysis
- Travel and Tourism
- Tourism Flows
- Hotels
- Attractions
- Events
- Construction and Real Estate
- Investment
- Real Estate Market
- Retail
- Retail Market
- Consumption, Income and Prices
- Appendix
- Sources
- Further Reading
- Ask the analyst
- About MarketLine
- Disclaimer
- List of Tables
- Table 1: Boston metropolitan area - key facts (estimates), 2021
- Table 2: Boston metropolitan area - real GDP and real GDP growth, 2000-25
- Table 3: Boston metropolitan area - economic growth comparison (Index 2010=100), 2000-25
- Table 4: Boston metropolitan area - GDP per capita comparison, 2000-25 ($)
- Table 5: Boston metropolitan area - employment structure, 2000-25 (% of total)
- Table 6: Boston metropolitan area - main universities, 2021
- Table 7: Boston metropolitan area - population comparison, 2000-25 (million)
- Table 8: Boston metropolitan area - population by age, 2000-25 (% of total)
- Table 9: Boston metropolitan area - mass transit network indicators, 2021
- Table 10: Boston metropolitan area - Boston Logan International Airport - key airport indicators, 2017-21*
- Table 11: Boston metropolitan area - Boston Logan International Airport - key airport indicators, 2017-21*
- Table 12: Boston metropolitan area - Boston Logan International Airport - key airport indicators, 2017-21*
- Table 13: Greater Boston - office rents, Q4 2021
- Table 14: Greater Boston - international arrivals by country of residence, 2019 (number)
- Table 15: Greater Boston - international and overseas arrivals, 2016-2019 (number)
- Table 16: Greater Boston - international and overseas spending, 2016-2019
- Table 17: Greater Boston - hotel KPIs, 2019-21
- Table 18: Boston metropolitan area - MICE and other events
- List of Figures
- Figure 1: Boston metropolitan area - real GDP and real GDP growth, 2000-25
- Figure 2: Boston metropolitan area - economic growth comparison (Index 2010=100), 2000-25
- Figure 3: Boston metropolitan area - GDP per capita comparison, 2000-25
- Figure 4: Boston metropolitan area - employment structure, 2000-25 (% of total)
- Figure 5: Boston metropolitan area - population comparison, 2000-25
- Figure 6: Boston metropolitan area - population by age, 2000-25 (% of total)
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