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Build a future oriented airport business model in 2021 From Kearney

The following is the Build a future oriented airport business model in 2021 From Kearney recommended by And this article belongs to the classification: research report, network marketing.

As an important pillar of economic globalization, transportation infrastructure industry has made great progress in the past decades. Looking around the world, a series of large-scale transportation infrastructure projects, led by China’s high-speed railway network and airport cluster, India’s highway network and port cluster, and the continuous optimization of mature transportation networks in developed countries in Europe and America, have fundamentally changed the face of global transportation infrastructure. Among them, the infrastructure construction of the aviation industry has developed particularly rapidly, which can be described as fruitful. From 1996 to 2019, the number of cities directly connected by air (city to city connection) in the world has increased from more than 10000 to about 23000, more than doubling. Over the same period, the passenger throughput of the airport has tripled, from 1.5 billion to about 4.5 billion.

However, COVID-19’s pandemic makes the global aviation industry almost stagnant. Taking history as a mirror, the aviation industry is often more vulnerable to heavy blows in the face of major external environmental disturbances and disasters. The sharp decline of air travel demand inevitably has a huge impact on the ecosystem of air service providers, which erodes the profits of service providers including airlines, airport developers and operators. Therefore, in such a time of crisis, service providers urgently need to re evaluate the existing business model, and also explore the possible business diversification strategy, and strive to improve the ability to resist external shocks.

In this report, we focus on the airport, the core element of the aviation industry value chain. Firstly, it demonstrates the necessity of changing the business model of aviation industry; Secondly, evaluate the business diversification strategies that airport owners and operators can adopt to help them reduce the impact of external interference and prepare for the future.

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