Summary:
1. The twenty airports you identified represent 57% of passenger
arrivals and departures in the USA. This information is
available from the Department of Transportation site.
http://www.bts.gov/btsprod/nts/Ch1_web/1-36.htm
Although the aforementioned site only lists enplanning (boarding), and
only for 1999, other sites update the information for the year 2001
and list both boarding and departures. Not surprisingly, passenger
arrivals and departures are approximately equal for extrapolation
purposes.
2. More up to date information on the airport activities is listed
at the following site by state:
http://www.officialusa.com/travel/airlines/
From this site, information was available as to total passenger
activity per airport for the year 2001. This information is summarized
in the table shown below.
I adjusted this information by a common sense factor (hub airports
don't generate as many rentals as destination airports (most of the
top 20 airports are hub airports) so even though they generate 57% of
passenger activity they probably represent a smaller percentage of
true arrivals. My judgement of this common sense factor can be
changed if you see the factor differently. I have personally traveled
to ALL the airports on the top 20 list so I feel qualified to make a
judgement on the hub activity.
3. The transactions per rental car company along with the percent
of transactions at airports is available from the following
website:
http://www.fleet-central.com/arn/00stat3.cfm
This website is erratic on its availability. I was fortunate to find
it working and printed out the stats. Some extrapolation was
necessary as to year since the year 2000 was nicely filled in while
the year 2001 was not. I made adjustment where necessary to complete
the airport transactions per rental car company, sales volume overall
and the average sale per airport transaction per rental car company.
This last calculation was done to test for reasonableness. The
average transaction was valued at $211 per rental with a range of
$173-228.
4. I created a ratio of transactions for each of the key airports by
taking the rental company transactions as a percentage of all airport
transactions by the adjusted passenger activity per airport vs the
total passenger activity. This rental activity ratio was divided by 2
assuming that 50% of transactions were rentals and 50% were returns.
You were only interested in the rental activity.
5. The spreadsheet calculations resulted in a final tabulation of
rentals per day (I used 350 days) to come up with the rentals per day
by airport by rental car company. OK.....I had to assume that all the
companies were at all the top 20 airports. I found that trying to
confirm this was a monumental task which I couldn't accomplish within
a reasonable time allowance.
6. The final result is tabulated at the end of this report. The
result per location seemed too high for me....Perhaps my ratio of true
arrivals must be adjusted further. I can do this in the spreadsheet
easily.
Following are the results:
airport transations adjusted *
** *** ****
Hertz 21,108,000 6,015,780 90% 4,500M 240 192
ANC 16,400,000 4,674,000 85% 3,400M 376 176
Avis 13,023,529 3,711,706 85% 2,700M 285 176
Budget 6,000,000 1,710,000 70% 1,950M 140 228
Dollar 4,400,000 1,254,000 80% 950M 101 173
Thrifty 2,000,000 570,000 66% 559M 168 184
Other 1,481,758 35% 887M 211
* % of activity is at airports versus local rentals
** Overall sales volume of company
*** number of airport locations
**** Average price of a rental
Airport Passenger Fudge Adjusted % of total
arrive/depart Factor
Atlanta (ATL) 66,148,896 15% 9,922,334 8.7%
Chicago (ORD) 64,000,000 10% 6,400,000 5.6%
Los Angeles (LAX) 61,606,204 20% 12,321,241 10.8%
Dallas/Fort Worth (DTW) 32,307,091 15% 4,846,064 4.2%
San Francisco (SFO) 36,400,000 20% 7,280,000 6.4%
Denver (DEN) 28,160,000 20% 5,632,000 4.9%
Minny/St. Paul (MSP) 30,000,000 15% 4,500,000 3.9%
Detroit (DTW) 32,307,091 20% 6,461,418 5.7%
Miami (MIA) 33,600,000 30% 10,080,000 8.8%
Las Vegas (LAS) 34,087,378 10% 3,408,738 3.0%
Newark (EWR) 32,508,590 15% 4,876,289 4.3%
Phoenix (PHX) 17,568,859 25% 4,392,215 3.8%
New York (JFK) 29,805,588 10% 2,980,559 2.6%
Houston (IAH) 35,000,000 20% 7,000,000 6.1%
St. Louis (STL) 26,695,019 15% 4,004,253 3.5%
Orlando (MCO) 28,253,245 35% 9,888,636 8.7%
Seattle (SEA) 27,036,074 10% 2,703,607 2.4%
Boston (BOS) 24,199,930 8% 1,935,994 1.7%
New York (LGA) 24,329,549 10% 2,432,955 2.1%
Honolulu (HNL) 20,151,936 15% 3,022,790 2.6%
684,165,450 114,089,093 100.0%
The top 20 airports represent 57% of total passenger
arrival/departures....
Hertz ANC AVIS Budget Dollar Thrifty
/day /day /day /day /day /day
Atlanta (ATL) 747 581 461 212 156 71
Chicago (ORD) 482 375 297 137 100 46
Los Angeles (LAX) 928 721 573 264 193 88
Dallas/Fort Worth (DTW) 365 284 225 104 76 35
San Francisco (SFO) 548 426 338 156 114 52
Denver (DEN) 424 330 262 121 88 40
Minneapolis/St. Paul (MSP) 339 263 209 96 71 32
Detroit (DTW) 487 378 300 138 101 46
Miami (MIA) 759 590 468 216 158 72
Las Vegas (LAS) 257 199 158 73 54 24
Newark (EWR) 367 285 227 104 77 35
Phoenix (PHX) 331 257 204 94 69 31
New York (JFK) 225 174 139 64 47 21
Houston (IAH) 527 410 325 150 110 50
St. Louis (STL) 302 234 186 86 63 29
Orlando (MCO) 745 579 460 212 155 71
Seattle (SEA) 204 158 126 58 42 19
Boston (BOS) 146 113 90 41 30 14
New York (LGA) 183 142 113 52 38 17
Honolulu (HNL) 228 177 140 65 47 22
Notes:
1. Although the rentals per day seem too high to me, when you test the
rentals per day times hte average rental per company, the revenue
generated seems a bit low. Perhaps more information can be gleaned
from the company annual reports. This was not done for this project.
2. The fudge factors try to adjust for the passengers for who actually
arrive and rent a car versus transfers, locals, and those who use taxi
and public transportation. I have applied the fudge factors in a
common sense way but may be off considerably in these assumptions.
3. Finally, I hope the assumptions and the final result will be
valuable to you. Without costly proprietary information, the
assumptions and factors can be called into question. If you need
clarification of the assumptions and calculations, please don't
hesitate to ask.
Thank you for googling with us.
seedy |