01337498

Component

https://doi.org/10.3141/2214-01

http://scholar.google.com...ario&publication_year=2011

Recent trends in airport-centered real estate development are addressed, with emphasis on the concept of the airport city. Airport cities are major economic hubs that have exhibited substantial growth and profits. However, evolution toward an airport city is difficult; several airports worldwide have failed in the attempt. The emergence of this type of development is related to major trends in the aviation sector during the past decades. Globalization and liberalization processes have led to a strong reliance of airport operators on nonaeronautical revenues. Real estate development centered on airports arises as a strategy to maximize nonaeronautical revenues and as a response to a need for revenue diversification. The purpose of this research was to identify the critical, underlying factors in the emergence of an airport city. A framework was designed to illustrate the agents that shape airport city development and the relationships between them. A key informant survey was then conducted with 30 respondents and complemented with personal interviews of eight of them. The results suggest the existence of four critical factors for the development of an airport city: the connectivity of the airport and its surroundings, the economic potential of the surrounding area, a sustainable development context, and a commercial attitude by the airport operator.

01351429

11-1741

English

pp 1-9

2011

Transportation Research Record: Journal of the Transportation Research Board

9780309167284

Print

Figures (6) ; References (40) ; Tables (1)

Airports; Connectivity; Economic factors; Hubs; Real estate development; Revenues; Sustainable development; Urban development

Airport operators; Commercial development

Aviation; Planning and Forecasting; Terminals and Facilities; I72: Traffic and Transport Planning

TRIS, TRB, ATRI

Feb 17 2011 5:54PM

• Addressing and Benchmarking Variations in Airport Demand in the U.S. Domestic Market
• Airborne Laser Survey Specifications and Quality Management Protocols for Airport Obstruction Surveys
• Application of Complex Network Theory and Genetic Algorithm in Airline Route Networks
• Assessing the Impact of Stochastic Capacity Variation on Coordinated Air Traffic Flow Management
• Capacity, Delay, and Schedule Reliability at Major Airports in Europe and the United States
• Computation of Aircraft Braking Distances
• Critical Flights Detected with Time Windows
• Economic and Institutional Impacts of Introduction of Self-Separation Concept of Operations in Air Traffic Management
• Effect of Disruptions on Service Quality and Market Share: Evidence from the U.S. Domestic Airline Industry
• Eruption of Eyjafjallajökull in Iceland: Experience of European Air Traffic Management
• Exploring the Impact of Introducing Scheduled Flights on Aviation Markets: Experience from Opening of China–Taiwan Nonstop Flights
• Heterogeneity in Preferences of Air Travel Itinerary in a Low-Frequency Market
• Impacts and Responses of Icelandic Aviation to the 2010 Eyjafjallajökull Volcanic Eruption: Case Study
• Measuring Quality of Service in Airport Passenger Terminals
• Modeling and Forecasting Passenger Demand for a New Domestic Airport with Limited Data
• Simple Sensors Used for Measuring Service Times and Counting Pedestrians: Strengths and Weaknesses
• Using Smeed’s Law to Estimate Number of Bird Strikes in Utah