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Dallas/Fort Worth International Airport Parking Business Unit Innovative Sources of Revenue Generation. AGTA 2013 Spring Conference March 17 – 20, 2013. Generating New Revenue. Each Airport must ask these two questions Is it possible? Answer Yes or No Is it profitable?
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Dallas/Fort Worth International AirportParking Business UnitInnovative Sources of Revenue Generation AGTA 2013 Spring Conference March 17 – 20, 2013
Generating New Revenue Each Airport must ask these two questions • Is it possible? • Answer Yes or No • Is it profitable? • Answer Yes or No
Big Picture of Airport Revenue • Does your Board see your airport as the Economic Engine of your region? • Does your Board think outside the box on raising revenue? • Does your Board receive funds from City general fund? • Does your Aviation department generate sufficient funds?
How to Partnership • Does your city have AVI in use on highways? • Is roadway conducive to having Readers and Transponders? • Increase revenue from Parking can reduce landing fees resulting in increase airlines and flights to your airport • Control front of the Terminal Roadways (AVI only vehicles) Premium service • All others use garage to access terminals
Investing to Grow - Takes Money to Make Money • Return on Investment • What will it cost? • How much time is required to recover cost? • Create Customer Service • Consistently delivering excellent customer service creates customer loyalty • Drop off/ meet greet on the curb • No waiting; load and go • Deliver Operational Excellence • Keeping airline costs low increases your ability to initiate or expand air service • Enhance front of the terminal services • Effect on Security Services
Needs from the AVI System • Generate receipts electronically • Debit card acceptance • Company credit card acceptance
DFW Parking Business Unit History • Opened 1974 • The Airport has one main road, International Parkway, which runs the length of the Airport north to south. All terminals, parking areas, and on-site hotels are accessible from this road • In 1999, started with 9K TransCore Passkey accounts-GT, Off Parking, and Courtesy • Required guests to sign up for AVI system resulting in 2 AVI systems for metroplex Passkey & NTTA
DFW Parking Business Unit History • On 10/1/2003 converted from Passkey's 12.3K accounts to 1M NTTA accounts • AVI usage increased by 275% during FY 2004 with NTTA (553K transaction to 2.08M transactions) • AVI usage has grown 194% since FY2004 to 6.1M public parker NTTA transaction in FY2012 • AVI generates $4 million per month
Revenue Versus Expenditures • Drop Off/ In and Out in less than 30 minutes • Meet Greet is staying between 30 minutes and 2 hours • Expenditures $14.6 million for all Parking Products
Dallas/Fort Worth International AirportParking Business UnitInnovative Sources of Revenue Generation AGTA 2013 Spring Conference March 17 – 20, 2013