The lack of Infrastructure and the non-availability of funding for infrastructure are the main challenges facing airport development in underdeveloped economies.
Government regulations and project implementation delays are the main challenges in developing economies.
In high traffic airports such as the Dubai International Airport, managing limited resources such as runways and airspace is the key challenge.
Low growth in the air cargo market is impeding growth of air cargo revenue for airport operators.
The lack of technology in air cargo, accompanied by lower prices in sea cargo, is driving customers away from shipping goods through flights.
Non-aeronautical sources of revenue are becoming a significant revenue stream for airports. Airports such as the Shanghai International Airport have witnessed revenue growth rates far greater than growth rates from aeronautical sources of revenue.
To revive and promote economic growth, an aerotropolis or an airport city is becoming a centrepiece strategy in certain regions, which is expected to drive significantly non-aeronautical sources of revenue for airports in such cities. The Amsterdam Airport Schiphol adds € billion annually to the country’s gross domestic product (GDP).
About this report
This research service analyzes various trends impacting the global airport industry. The study provides an introduction to the overall challenges that impact the profitability of airports worldwide. The study divides airport revenue sources into 3 segments: aeronautical (passenger volume), aeronautical (air cargo), and non-aeronautical. The challenges faced by each segment are discussed, along with success strategies that need to be followed. Additionally, some of the most common pitfalls to be avoided are highlighted. The study provides specific case studies for each segment, detailing challenges and the way forward. The study period is from 2006 to 2016.
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Electronic Access - Global site License Fulfilled By Publisher