Determine & Plan Your Airport's Future
Moving Aviation Clients Into The Future
Airport Economic Impact & Opportunity Analyses™ are part of the new, futurist consulting and research services Boyd Group International offers its clients. Over the past year, the firm has upwardly restructured with advanced data services, cutting-edge market intelligence products, new staff professionals, and more.
For over a decade, Boyd Group International has delivered the best and most incisive data to its clients in this regard. Our Economic Impact Studies have been produced for airports large and small, and have become a standard of analytical excellence.
But this is a new, global economy. Remember, one in four US enplanements is the direct or indirect result of internationally-generated business. So today, a much more expansive picture of your airport's future economic role in the region is needed to plan for the future. And knowing where your airport stands in regard to global business flows is a necessary tool that wasn't important until now.
That's the reason we've raised the analytical bar, and we've moved this important research tool to a new level:
Airport Economic Impact & Opportunity Analyses(TM)
Not A "Study" - Instead, Planning Data & Insight. What sets this new approach ahead of traditional economic impact "studies" is that Boyd Group International goes beyond just data, and gives airports hard analysis of what the numbers mean within the economic and industrial context locally, nationally, and globally.
Current economic impact metrics – such as total payroll generation, jobs by category, dollar value of industrial distribution, and other factors – are easily identified by the traditional direct, indirect and induced indices.
Today, that's as far as economic impact studies go. And they fall far short of the planning data airports need. Airport Economic Impact & Opportunity Analyses™ go where you need to go - specifically, the future...
What are the future drivers of strategies on the part of airlines and key tenants at your airport? How they evolve will be critical in the financial contribution to the region. The unrivaled and proven forecast expertise at Boyd Group International will relate known and expected shifts in aviation strategies to future economic opportunities and challenges.
General & business aviation - there are big changes on the horizon. Corporate shifts to smaller business jet variants, for example. Another is the proposal to eliminate 100LL - which will materially shift the structure of general aviation fleets in the US. That based fleet of piston singles and twins at your airport could be decimated over the next decade. Investment in more T-hangars may not be advisable. It is important to be prepared and plan for such trends.
Key local airport-related industries - where specifically are they within the context of the increasingly global economy? For example, if you've got a bustling company across the field overhauling turboprop airliners, you may want to be prepared for some available industrial space in the coming decade, or, depending on the scope, plan for additional hangar capacity.
Shifts within the region - changes at other airports in the area can and will affect your airport's economic impact - positively and negatively. This is not just levels of airline service. It includes all economic generators that gravitate within the airport's economic region. Other communities are vying for that component overhaul facility, too.
Beyond the terminal and the runways. Airports are now economic centroids for regional growth, and that goes beyond aeronautical applications. For example, Boyd Group International is working with airport clients to explore transitioning beyond the traditional concept of "runways and taxiways" to "trade and logistics" - developments that will shift economic contributions within a wide region. Traditional economic impact studies don't even consider these over-the-horizon potentialities. An Airport Economic Impact & Opportunity Analysis from Boyd Group International covers these important factors.
How "global" is your airport's economic base? With an Airport Economic Impact & Opportunity Analysis from Boyd Group International, you'll have a much clearer picture of the potentialities in the future as more and more investment comes from abroad.
What's the real economic impact of your airline traffic base? Is it impact-income positive or negative. All air service is good. But some types contribute more than others to the local economy.
What is the real contribution from key tenants? Airports entail a business microcosm that goes beyond just airlines. Aviation-adjacent businesses on the property are also important to analyze future opportunities.
The approach of Boyd Group International encompasses these and other systemic factors. Traditional "economic impact studies" don't even touch such dynamics, leaving airports with a partial and incomplete planning view of the future.
A Wider, More Comprehensive Analytical Approach
Economic Impact & Opportunity Analyses build on Boyd Group International’s decades of experience in providing accurate, incisive economic contribution studies for its airport clients.
Using the combination of Boyd Group International's exclusive Aviation DataMiner™ market intelligence and forecasting suite, and the latest industry-standard impact analysis software, this expertise now provides airports and communities with a wider, futurist view, allowing more incisive financial, capital and infrastructure planning.
An Airport Economic Impact & Opportunity Analysis from Boyd Group International provides your community with a data road map - where the jobs are, where the strength of your airport is, and where opportunities exist for new ventures that can strengthen the financial underpinnings of your facility.
Boyd Group International tailors the Airport Economic Impact & Opportunity Analysis for its client airports of all sizes and roles, from general aviation facilities to global portal hubsites. Let us tailor one for your airport.
For more information, give Boyd Group International a call at 303 674-2000. or, e-mail us for a quote.