Ready for Takeoff: Forecasting Lodging Demand in Airport Markets

Jessica White | February 3, 2015

By Jessica White / January 2015 With the expansion of major national airports and airport passenger volume expected to increase over the next 10 years, examining the link to forecasting lodging demand is critical to understanding the airport-hotel relationship. LAX provides an illuminating case study. Airport passenger volume is a key performance indicator for an area's lodging market and tourism economy at large. According to the Federal Aviation Administration (FAA), 31 airports are undergoing renovation or expansion (https://nfdc.faa.gov/xwiki/bin/view/NFDC/Construction+Notices), including major gateway city airports such as Boston-...