Friday, October 25, 2013

Information : The Growing World Retiree Market (Part I)


In one of our meetings in a Kapitolyo coffee shop, my friend and colleague Mario Zavalla mentioned about his past experience in promoting and selling real estate to Japanese retirees. I learned that he was a member of the original core group who organized the Philippine Retirement Authority (PRA), the government agency tasked with promoting the Philippines as a preferred retirement destination for world retirees. I also found out that he used to head, for a number of years, the Marketing Group of the PRA which was then attached under the Office of the President of the Philippines. Being a retiree himself (though he wouldn’t tell me how long he had retired) and still active as a licensed real estate broker like myself, I requested him to write about the subject which I could publish on this blog. After some hesitation, he later acquiesced to my request after explaining to him that a  thriving retirement industry would not only benefit a wide segment of the  Philippine economy, particularly the real estate industry, but also his pet project . . . . The PHILISTINGS BANK


THE GROWING WORLD RETIREE MARKET :  
Marketing Challenges and Opportunities 
By Mario G. Zavalla


Introduction

This article is the first installment in a series of articles on the world retiree market. It provides valuable information, insights and related details into a global phenomenon called “global ageing”, a  situation described as unprecedented and unparalleled in human history. This report is a compilation of the findings contained in a report prepared by the Population Division, Department of Economic and Social Affairs of the United Nations as a contribution to the 2002 World Assembly on Ageing, 2013 Demographics Profile of Japan and the Philippines sourced from the CIA World Factbook, Wikipedia and several websites featuring retirement communities, retirement destinations and facilities located around the globe. 

We hope that this treatise can provide the basic marketing inputs necessary to guide and prod Philippine entrepreneurs, especially real estate developers, marketers and other  retirement service providers to conduct follow-up research into a potentially humungous industry with its far-reaching benefits to our national economy. 


World Population at a Glance

Presented below are the latest statistics on world population by countries and by continents :    

World population (millions)
#
Top ten most populous countries
1990
2008
2025*
1
1,141
1,333
1,458
2
849
1,140
1,398
3
250
304
352
4
178
228
273
5
150
192
223
6
108
166
226
7
116
160
198
8
94
151
208
9
148
142
137
10
124
128
126

World total
5,265
6,688
8,004

Top ten most populous (%)
60.0%
58.9%
57.5%
1
1,613
2,183
2,693

+ China
1,141
1,333
1,458

+ OECD Pacific*
187
202
210
2
634
984
1,365
3
564
603
659

+ Russia
148
142
137

133
136
146
4
355
462
550
5
359
444
514
6
132
199
272


17
22
28

473
499
539

US + Canada
278
338
392

289
285
289
Geographical definitions as in IEA Key Stats 2010 p. 66
Notes:
·       Europe = OECD Europe + Non-OECD Europe and
excluding Russia and including Estonia, Latvia and Lithuania
·       ex-Soviet Union (SU) = SU excluding Russia and Baltic states
·       North America = US, Canada, Mexico
·       OECD Pacific = Australia, Japan, Korea, New Zealand
·       2025 = with constant annual 2007/2008 growth until 2025


Population by Region

Six of Earth's seven continents are permanently inhabited on a large scale. Asia is the most populous continent, with its 4.2 billion inhabitants accounting for over 60% of the world population. The world's two most-populated countries alone, China and India, together constitute about 37% of the world's population. Africa is the second-most-populated continent, with around 1 billion people, or 15% of the world's population. Europe's 733 million people make up 11% of the world's population, while the Latin American and Caribbean regions are home to around 600 million (9%). Northern America, primarily consisting of the United States and Canada, has a population of around 352 million (5%), and Oceania, the least-populated region, has about 35 million inhabitants (0.5%). Though it is not permanently inhabited by any fixed population, Antarctica has a small, fluctuating international population, based mainly in polar science stations. This population tends to rise in the summer months and decrease significantly in winter, as visiting researchers return to their home countries.

To be continued. . .


About the Writer :

Mario G. Zavalla is a seasoned professional who has accumulated 30 years experience in middle and top management positions in private and government corporations  engaged in housing finance, commercial and investment banking, retirement promotions, manufacturing, management services and real estate development and marketing. After graduating from the Ateneo de Manila University, he took up MBA subjects at the Ateneo Graduate School of Business. 

He is a licensed real estate broker, a member of PAREB-Marikina Valley Real Estate Board Inc. and Philippine Institute of Real Estate Practitioners Inc. (PhilRES). He is an active online member of PAREB-MLS and PAREB Online  and runs his own real estate brokerage office using the trade name The LIST and SELL REALTY GROUP, the owner and operator of  The PHILISTINGS BANK.

Contacts:

Mobile:  0916-6444677     Duo:  507-5801

Principal Email:  phil.listings@gmail.com

Alternate Email:  supermarioz@yahoo.com.ph


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