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AECOM Economics transferring European operation to US, Middle East and Asia
POSTED 02 Aug 2018 . BY Tom Anstey
Due to a decline in attractions and resorts related economics volume in Europe, AECOM has decided to lead our entertainment economics services to our clients in this geography through our offices in the Americas, Asia, and the Middle East
– John Robinett
AECOM – the multinational consulting and engineering firm that provides design, feasibility, masterplanning and construction services to clients all over the world – has dissolved the London-based European division of its entertainment economics arm.

Founded in 1958, when it was known as Economics Research Associates, the Los Angeles-based company completed many assignments for the Walt Disney Company in its early years, before being acquired by AECOM in a landmark deal in November 2007.

Following the acquisition, ERA transitioned to become the economics division of AECOM, helping clients evaluate and make decisions around projects and policies regarding feasibility, financial requirements, social impact, risk and prospects for success.

Projects included the likes of Ferrari World in Abu Dhabi and the AT&T Stadium in Texas, US.

Following the closure, AECOM will run its European entertainment economics operation out of its office in the US, the Middle East and Asia.

The division also produces the annual TEA/AECOM Theme Index and Museum Index reports.

John Robinett, senior vice president of Economics at AECOM, told Attractions Management:"Due to a decline in attractions- and resorts-related economics volume in Europe, AECOM has decided to lead its entertainment economics services to clients in Europe through our offices in the Americas, Asia, and the Middle East, rather than through London.

"AECOM is committed to supporting the Theme Index and Museum Index, and we’re very much looking forward to continuing our collaboration with the Themed Entertainment Association (TEA) on the report.

"Our urban planning and real estate economics practice out of London, and our other economics offices throughout the world will be unaffected."

Ben Martin, AECOM senior director, who originally joined the organisation in May 1995, has taken up a new role at London-based architects HKS.

Margreet Papamichael, who was director of economics at AECOM, has moved on to form a new company – Consulting for Leisure Entertainment Attractions and Resorts (CLEAR) Associates.

Papamichael says "CLEAR will offer the same services the economics division did, but with lower overhead cost and without geographical boundaries".

"In today’s age of rapid change it is important to be able to react quickly to clients' changing needs and requirements," said Papamichael, speaking to Attractions Management. "CLEAR Associates is able to do so and our services are dedicated to this industry. We are looking ahead to exciting times."
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Jobs . News . Products . Magazine
NEWS
AECOM Economics transferring European operation to US, Middle East and Asia
POSTED 02 Aug 2018 . BY Tom Anstey
Due to a decline in attractions and resorts related economics volume in Europe, AECOM has decided to lead our entertainment economics services to our clients in this geography through our offices in the Americas, Asia, and the Middle East
– John Robinett
AECOM – the multinational consulting and engineering firm that provides design, feasibility, masterplanning and construction services to clients all over the world – has dissolved the London-based European division of its entertainment economics arm.

Founded in 1958, when it was known as Economics Research Associates, the Los Angeles-based company completed many assignments for the Walt Disney Company in its early years, before being acquired by AECOM in a landmark deal in November 2007.

Following the acquisition, ERA transitioned to become the economics division of AECOM, helping clients evaluate and make decisions around projects and policies regarding feasibility, financial requirements, social impact, risk and prospects for success.

Projects included the likes of Ferrari World in Abu Dhabi and the AT&T Stadium in Texas, US.

Following the closure, AECOM will run its European entertainment economics operation out of its office in the US, the Middle East and Asia.

The division also produces the annual TEA/AECOM Theme Index and Museum Index reports.

John Robinett, senior vice president of Economics at AECOM, told Attractions Management:"Due to a decline in attractions- and resorts-related economics volume in Europe, AECOM has decided to lead its entertainment economics services to clients in Europe through our offices in the Americas, Asia, and the Middle East, rather than through London.

"AECOM is committed to supporting the Theme Index and Museum Index, and we’re very much looking forward to continuing our collaboration with the Themed Entertainment Association (TEA) on the report.

"Our urban planning and real estate economics practice out of London, and our other economics offices throughout the world will be unaffected."

Ben Martin, AECOM senior director, who originally joined the organisation in May 1995, has taken up a new role at London-based architects HKS.

Margreet Papamichael, who was director of economics at AECOM, has moved on to form a new company – Consulting for Leisure Entertainment Attractions and Resorts (CLEAR) Associates.

Papamichael says "CLEAR will offer the same services the economics division did, but with lower overhead cost and without geographical boundaries".

"In today’s age of rapid change it is important to be able to react quickly to clients' changing needs and requirements," said Papamichael, speaking to Attractions Management. "CLEAR Associates is able to do so and our services are dedicated to this industry. We are looking ahead to exciting times."
RELATED STORIES
AECOM appoint Adriaan Vorster as director for architecture in Africa


Adriaan Vorster, formerly a partner at international design practice SSH, has been appointed as director for architecture, Africa at global architecture company Aecom.
Museum Index: Louvre regains top spot as Paris recovers and London dips


France's museums have shown significant recovery following a tumultuous 2016, with the Louvre reclaiming top spot as the world's most visited museum in the latest TEA/AECOM Museum Index.
Theme Index: Success in Europe as waterpark attendance tops 30 million


Waterpark attendance has for the first time broken 30 million visitors among the world's top 20, with particularly strong performance in some of Europe's top waterparks, according to the TEA/AECOM Theme Index.
Theme Index: Disney breaks 150 million visitor mark as operator rules over theme park world


Disney continues to reign supreme in the world of theme parks, with the operator gaining close to 10 million additional visitors through the year – 84 million visitors ahead of its nearest rival in the latest TEA/AECOM Theme Index.
MORE NEWS
Michael Bloomberg helps US arts blossom with US$43m training scheme
Bloomberg Philanthropies – the charitable arm of Michael Bloomberg’s business empire – has granted 45 organisations funding in efforts to help finance the US's small to midsize arts organisations.
Video: Attractions Management News Flash 13 August 2018
The latest Attractions Management News Flash Video is now live!
Historic properties lead the way as visitors flock to English attractions
Historic properties and attractions across England experienced significant growth in visitor numbers in 2017.
Liseberg makes largest ever investment with launch of Valkyria
Valkyria – a steel dive coaster created by Bolliger & Mabillard – has opened to the public today (10 August) at the Liseberg amusement park in Gothenburg, Sweden.
+ More news   
LATEST JOBS
Business Manager
National Heritage Centre
Salary: Up to £55,000 (depending on experience) + pension
Job location: Newmarket, UK
Front of House Manager
Parkwood Entertainment
Salary: £9.00 per hour
Job location: Longridge, Preston, UK
Visitor Attractions Group Manager
Monmouthshire County Council
Salary: £37,107 - £40,858
Job location: Monmouthshire, UK
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2018

ABOUT LEISURE MEDIA
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