Non-aeronautical revenue is a critical source of income for airports. Currently, parking fees represent the largest source of non-aeronautical revenue, accounting for up to one-half of all non-aviation income. Many airports derive between 20 and 25 percent of their total operating revenue from parking alone. Yet ongoing and emerging shifts in customer ground access behavior, resulting from the growing use of ridesharing apps and eventual adoption of self-driving cars, are posing a significant challenge to an airport’s reliance on parking fees. Some airports are already seeing reductions in parking revenue, and a few are considering access fees to recover a portion of the lost revenue. But it is unlikely that a fee-based model alone will suffice. Airports will therefore need to look to other forms of non-aeronautical revenue to compensate for the decrease.
The objective of this research is to identify near-term and long-term solutions to help airports prepare for the likely challenges stemming from the loss of airport parking revenue. The research should explore how airports might redevelop and reuse existing parking facilities to make them suitable for alternative, revenue-generating purposes and identify new potential sources non-aeronautical revenue.