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HomeMy WebLinkAbout04. Vail Economic Presentation - November 2019Eagle County Regional Airport ~EGE Eagle County Regional Airport Has Runway Length of 9,000’; Airlines Routinely Operate Mainline Aircraft Such as the 757-200, 737-700 and Airbus A319* at EGE The elevation at EGE is 6,547’ Page 2 Capacity, Traffic and Revenue Trends Page 4 Based on Published Schedule Data, Eagle/Vail Will Have Service to 14 Destinations on American, Delta and United During the Upcoming 2019/2020 Ski Season Page 5 EGE Continues to Grow Spring and Summer Service! American Bringing Back DFW Spring Service -Begins April 7, thru June 3 with CRJ-700/65 seats -8:20a departure; 8:05p arrival daily United Will Begin ORD Summer Service -Begins in June 19, thru August 12 with Embraer 175/76 seats -7am departure; 7:30p arrival daily 173,280 Arriving Seats Are Scheduled in First Quarter 2020, a 1.2% Decline Versus First Quarter 2019, but 12.7% More than First Quarter 2016 Page 6 Scheduled First Quarter Arriving Seats at Eagle County Regional Airport First Quarter 2016-2020 OAG Data Page 6 Eagle County Regional Airport Enplanements January 2017 through September 2019 2019 Year-to-Date Enplanements Are up 9.9% through September; Jun-August Enplanements Were up 49.5% as American Operated a Second Daily DFW Flight Page 7 Eagle County Regional Airport Seats per Day Each Way by Day of Week First Quarter 2020 OAG Data While Airlines Will Operate an Average of 1,904 Seats per Day Each Way in First Quarter 2020, Capacity Will Peak on Saturdays at 2,335 Seats per Day Each Way Page 8 Eagle/Vail Is a Highly Seasonal Market; Nearly Two-Thirds of Annual Passenger Traffic Is Generated in First Quarter Eagle/Vail Domestic and International Passengers per Day Each Way (PDEW) Quarterly Data –First Quarter 2017 through Second Quarter 2019 Page 9 U.S. Domestic Markets with Nonstop Service During Ski Season Are Large; the New York/Newark Market Size Was 232.0 PDEW in First Quarter 2019 30 Largest Domestic Markets at Eagle County Regional Airport First Quarter 2019 Page 10 Markets in Latin America Generate Significant Traffic During Ski Season; Mexico City, Sao Paulo and Buenos Aires Are the Largest Latin Markets 30 Largest International Markets at Eagle County Regional Airport First Quarter 2019 Page 11 Airport Terminal Project Page 12 The Numbers $35 Million –Total project cost 95,000 square feet –old terminal 120,000 square feet –new terminal Better Customer Service Experience Common Use Computer systems for Airlines New paging system Added seating and in-seat charging Bigger concessions kitchen and dining Fireplace Pet relief area Larger private nursing space Jet bridges at Gates 1-4 Ground boarding Gates 5-6 Elevators and Escalators Uninterrupted views of the runway and mountains Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 June 2019 Accommodation and Visitor Profile Data Two-Thirds of Passengers Using Eagle County Regional Airport Stay in Vail or Beaver Creek; 10% of Passengers Stay in Aspen/Snowmass Eagle County Regional Airport Passenger Survey Visitor Lodging Locations Source: EGE Air Alliance Eagle County Regional Airport 2017/2018 Passenger Survey Page 20 Visitors Are Affluent: 67% of Passengers Using the Airport Have Household Incomes of at Least $200,000; 35% Have Household Incomes Greater than $500,000 Eagle County Regional Airport Passenger Survey Household Income Source: EGE Air Alliance Eagle County Regional Airport 2017/2018 Passenger Survey Page 21 The Average Visitor Spends More than $2,500 per Trip; Lodging Accounts for 38.3% of Total Expenditures; Snow Sports Account for 23.4% Page 22 Eagle County Regional Airport Passenger Expenditures per Trip by Expense Category Source: EGE Air Alliance Eagle County Regional Airport 2017/2018 Passenger Survey The Average Traveler Using the Airport Stays 6.0 Nights in the Area; the Median Is 5.0 Nights in the Area Page 23 Eagle County Regional Airport Passenger Survey Number of Nights Stayed in the Area Source: EGE Air Alliance Eagle County Regional Airport 2017/2018 Passenger Survey Only 29% of Passengers Would Visit Eagle County as Often if They Had to Fly to Denver Instead of Eagle County Page 24 Eagle County Regional Airport Passenger Survey Eagle County Versus Denver Air Service Source: EGE Air Alliance Eagle County Regional Airport 2017/2018 Passenger Survey “If I had to fly to Denver and drive to Eagle County,I would…” 48% of Travelers Considered Only Eagle County Regional Airport for Their Trip; 47% Considered Denver and Chose Eagle County Page 25 Eagle County Regional Airport Passenger Survey Other Airports Considered Source: EGE Air Alliance Eagle County Regional Airport 2017/2018 Passenger Survey 74% of Passengers Chose Eagle County for Convenience; 45% for Nonstop Service, and 41.0% for Flight Schedule; Ticket Price Was Just 26% Page 26 Eagle County Regional Airport Passenger Survey Reasons for Choosing EGE Source: EGE Air Alliance Eagle County Regional Airport 2017/2018 Passenger Survey At Least 69% of Travelers Will Probably Return to Eagle County Next Year; At Least 79% Will Probably Return to Eagle County within the Next Three Years Page 27 Eagle County Regional Airport Passenger Survey Likelihood of Visiting Eagle County Next Winter/Next Three Winters Source: EGE Air Alliance Eagle County Regional Airport 2017/2018 Passenger Survey For Additional Information Contact David Reid, AAE Director of Aviation david.reid@eaglecounty.us Eagle County Regional Airport 217 Eldon Wilson Road Gypsum, CO 81637