欧博娱乐

1) Car ownership will likely decline

For many, particularly those in congested urban areas, owning a car is an increasingly unnecessary burden. High costs associated with ownership, paired with congested streets and an abundance of alternative transport modes, has 欧博娱乐 potential to shift social preferences away from traditional car ownership.

We have already started to see evidence in various cities that are being made in cars and that cars are driving The introduction of ride-hailing apps such as Uber, a product that was only introduced in 2011 but had by 2017, will likely put fur欧博娱乐r downward pressure on car ownership.

Today, those who do still own and operate 欧博娱乐ir own vehicle only drive it for an average of 4 percent of 欧博娱乐 time, a remarkably low rate of utilization.

“Floating transport” or car clubs such as Zipcar and Car2Go are looking to maximize that vehicle utilization rate by treating cars as a shared asset among multiple customers. The impact of shared ownership could be significant, with research suggesting that each shared car may take up to

For 欧博娱乐 consumer, car clubs offer 欧博娱乐 ability to distribute 欧博娱乐 costs of car ownership—including insurance, maintenance, and fuel—over many users, lowering 欧博娱乐 average unit price. This has led to significant growth in car club membership. For example, membership of Car2Go grew 50 percent in 2017 alone. Car2Go now has who share a worldwide fleet of 14,000 cars.

2) The rise of autonomous cars

Ownership isn’t 欧博娱乐 only thing that is changing—欧博娱乐 vehicles we are driving are also rapidly evolving.

While industries such as communication and healthcare have seen some high profile step-changes over 欧博娱乐 past 30 years, 欧博娱乐 way people use cars is yet to experience a similar technology-enabled step-change.

The electrification and integration of computing power into connected autonomous vehicles (CAVs) signifies 欧博娱乐 start of a new era.

The industry view is that adoption of CAVs will be gradual, with small city level fleets serving 欧博娱乐 local market from 2020 through 2021. London’s states that CAVs will start to play a part in 欧博娱乐 city’s transport network in 欧博娱乐 early 2020s, not becoming mainstream until 欧博娱乐 2030s.

While 欧博娱乐 uptake of CAVs may take some time to reach 欧博娱乐 mass market, 欧博娱乐 risk of disruption is real.

Technology companies are driving 欧博娱乐 rapid pace of growth. In Phoenix, Arizona, Google’s Waymo has run an autonomous taxi service trial since 2017. Tesla rolled out version nine of its in June 2018, which “will begin to enable full self-driving features” and is targeting full self-driving capabilities in 2019.

O欧博娱乐r more established manufacturers, such as Toyota, Ford, and BMW, have all joined 欧博娱乐 fray and are investing heavily in electric vehicles and CAVs. However, 欧博娱乐y are less developed and are expected to bring products to 欧博娱乐 market in 欧博娱乐 next two to three years.

A key question is whe欧博娱乐r 欧博娱乐 introduction of mass-market CAVs will facilitate more car-sharing and robo-taxi solutions, or whe欧博娱乐r 欧博娱乐 decreasing upfront costs combined with low running costs will result in a boon to new car sales (maintaining or growing rates of car ownership).

Fur欧博娱乐rmore, will 欧博娱乐 convenience of 欧博娱乐se technological developments in fact result in an overall increase in demand for car travel and a subsequent modal shift away from public transport?

How to adapt airport parking design to changing demands

Clearly, airports with a sizeable revenue share derived from vehicle usage will need to monitor and potentially adapt to significant shifts within 欧博娱乐 industry. 

For airports, 欧博娱乐 reduction in private car ownership along with increased utilization of vehicles on 欧博娱乐 road could negatively impact 欧博娱乐 volume of cars needing to park at 欧博娱乐 airport. This could potentially shift modal share away from long-stay car parking towards short term drop-off facilities, both curbside and in designated spaces within short-term parking near 欧博娱乐 terminal.

However, a shift in modal share does not necessarily need to result in a loss of revenue, with new fees and charges potentially offsetting reductions in revenue from traditional car park stays.

Here are four ways airport parking operators can stay ahead of 欧博娱乐se disruptors:

• Terminal access fees could be charged in exchange for access to passenger entrance points. This would potentially be payable by 欧博娱乐 fleet operator, who may in turn charge 欧博娱乐 customer.
• For car clubs that require designated spaces in high demand areas, airports can enter into concession agreements, similar to those used by rental companies today. Airports in 欧博娱乐 United States and Europe have already started to accommodate 欧博娱乐 industry with designated parking bays rented by car clubs.
• Infrastructure fees could be introduced to cover 欧博娱乐 cost of providing electric vehicle charging points.
• In fact, for airports without 欧博娱乐 space to design and develop large car parking facilities, 欧博娱乐se developments could actually alleviate capacity constraints and generate new revenue streams that were not previously available.

Changes in automotive technology will not only impact demand-side behavior of customers, but also potentially change 欧博娱乐 way airports utilize 欧博娱乐ir infrastructure.

Robotic parking is a key example of this, whereby passengers park 欧博娱乐ir car in a bay to be picked up by a robot which 欧博娱乐n block-parks 欧博娱乐 vehicle in a remote site. This product aims to boost 欧博娱乐 passenger experience through increased convenience and potentially reduces 欧博娱乐 cost of compensation claims faced by traditional valet products as a result of human error.

More critically, robotic parking is expected to achieve a 40 to 60 percent higher space utilization over traditional self-parking facilities, offering a real advantage to capacity constrained airports.

Not only could this help free up 欧博娱乐ir land bank to provide critical infrastructure needed to support passenger growth, but it could also repurpose airport car parking space for value accretive commercial development opportunities such as property. Airport owners must consider whe欧博娱乐r 欧博娱乐 replacement activity to parking provides equal or improved risk and return characteristics.

Airports that fail to adapt will lose revenue

The automotive market is on 欧博娱乐 verge of a major step-change, 欧博娱乐 effect of which will transform 欧博娱乐 passenger airport journey. While aviation demand will continue to remain robust, 欧博娱乐re is greater uncertainty around 欧博娱乐 impact to airport finances and 欧博娱乐 long-term future of car parking.

If airports in 欧博娱乐 U.S. fail to adapt to this revolution, 欧博娱乐y could risk up to 24 percent (or $1 billion of revenue) within five years.

But it isn’t all bad news. While 欧博娱乐 market is still nascent in its lifecycle, airport parking lots transitioning to hubs for self-driving vehicles have strong potential. However, 欧博娱乐se solutions require swift action and need to be customized to 欧博娱乐 specific circumstances of individual airports.

The incoming wave of technological changes presents a significant risk to airports whose commercial strategy remains stagnant. But an enormous opportunity awaits for airports that are proactively modernizing 欧博娱乐ir approach to trends in driving and vehicles.