Innovative Travel Solutions
YVR’s strategy is not only to innovate for itself, but to incubate its technology innovations and bring them to market to improve the overall industry. Innovative Travel Solutions (ITS) is an independent business unit within the Airport Authority that is responsible for solving passenger processing challenges and, where appropriate, commercializing those solutions for sale to other airports. To date, the ITS team has been primarily focused on developing, selling and supporting its BORDERXPRESS™ kiosks. ITS is the largest provider of non-registered, self-service border control solutions with more than 1,000 kiosks operating in major international airports in Canada, the United States and the Caribbean. This solution has helped more than 100 million passengers clear the border quickly and safely.
For more information on Innovative Travel Solutions, visit yvr.ca/inv.
Vancouver Airport Authority (Hong Kong) Ltd.
Vancouver Airport Authority (Hong Kong) Ltd. was established as a wholly-owned subsidiary of Vancouver Airport Authority to strengthen airline relationships and forge new partnerships in the Asia Pacific region. 2016 was a busy year for the Asia office, which focussed its efforts on attracting new airlines and destinations to emerging hub cities in China. The team’s efforts resulted in two new carriers—Xiamen Airlines and Beijing Capital Airlines—and five new destinations including Xiamen, Hangzhou, Qingdao, Nanjing and Zhengzhou. Our Asia team played a vital role in YVR’s Integrated Marketing Strategy, working with airlines, tourism and government partners to promote YVR in Asia, attending travel-trade and media briefings and participating in World Routes in Chengdu.
YVR Project Management
A wholly-owned subsidiary of Vancouver Airport Authority, YVR Project Management Ltd. (YVRPM) was established in 2005 to oversee major capital expansion projects at YVR and on Sea Island. YVRPM managed the construction of the first phase of the McArthurGlen Designer Outlet Centre and is currently working through the planning phase of a number of other potential developments on Sea Island.
Vancouver Airport Property Management LLP
Vancouver Airport Authority established Vancouver Airport Property Management LLP (VAPM) in 2014 to own and operate the multi-tenanted cargo and office facilities on Sea Island. The VAPM team manages these facilities with a focus to develop and expand cargo business at YVR. We also created Vancouver Airport Property Holdings LLP (VAPH) as a second partnership in 2014. The Airport Authority owns 99.9 per cent of VAPH and 99.9 per cent of the partnership interest with VAPM. As of December 31, 2016 the portfolio of assets is 91 per cent occupied.
Vancouver Airport Enterprises (Templeton) LTD.
Vancouver Airport Enterprises (Templeton) Ltd. is a wholly owned subsidiary of the Vancouver Airport established in 2012 to hold our 50 per cent investment in the McArthurGlen Designer Outlet Centre. McArthurGlen, a leading European outlet developer, holds the other 50 per cent. The Centre is now over 90 per cent leased and management is expected to make a decision on proceeding with the final phase of development later in 2017.