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 Vancouver 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 1,300 kiosks operating in major international airports in Canada, the United States, Europe, the Caribbean and the Pacific. 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. In 2017, the team’s efforts resulted in several new and increased services: new partner Hong Kong Airlines, with increased capacity on one of YVR’s busiest routes; Cathay Pacific’s new Airbus A350-900 aircraft—the first in Canada—and its increased frequency on the Hong Kong route; China Southern’s new service connecting Guangzhou to Mexico City through YVR; Air Canada with new daily service to Taipei; and new partner Hainan Airlines, which announced 2018 service between YVR, Shenzhen and Tianjin. In addition, the team worked with airline partners to promote YVR, attending key events such as Routes Asia, and worked with tourism partners to promote YVR and BC tourism in China.
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. Vancouver Airport Authority owns 99.9 per cent of VAPH and 99.9 per cent of the partnership interest with VAPM. As of December 31, 2017 the portfolio of assets is over 90 per cent occupied. In 2017, the entities generated in excess of $10 million in cash from operations.
Vancouver Airport Enterprises (Templeton) LTD.
Vancouver Airport Enterprises (Templeton) Ltd. is a wholly owned subsidiary of the Vancouver Airport Authority 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. Phase One of the Centre is now over 95 per cent leased and management is expected to make a decision on proceeding with the next Phase in 2018.
The McArthurGlen Designer Outlet Centre has become one of the top performing malls in Canada, having welcomed ten million shoppers since its opening in 2015. In addition to offering our passengers a great shopping experience, just minutes from the terminal on public transit, the Outlet Centre has a considerable economic impact, providing jobs and spurring business activity in the region. In 2018, we will start on the Phase 2 expansion, which when complete in 2019 will include 84,000 square feet of retail space and up to 30 new luxury, premium and lifestyle brands.