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Cars account for ~60% of airport revenue

August 16, 2017 Leave a comment

 

airport revenue

Apparently car parking & rental car concession fees account for ~60% of non-aeronautical fees for airports in North America. (I would have put the figure for retail / food at a much higher level than that.)

Given the juggernaut that is ride-sharing, this share is likely to take steep tumble: Although consultants used to have to rent cars in the old days, I’ve yet to meet a consultant who’s not addicted to Uber.

Categories: interesting, travel, trends Tags: ,

Priceline on fire

August 1, 2017 Leave a comment

priceline partyApparently Priceline (the original “name your own price” company) is crushing it on all dimensions. The Economist calls it as the “best run internet company after Amazon”. Pre-tax earnings are growing faster than those of the usual tech darlings; it has a 96% gross margin and its share price has risen 4x that of the broader market in the last year.

Even if you haven’t ever used Priceline, you may have used one of its sister companies – e..g Kayak, OpenTable etc. Some other things that caught my eye:

  • The firms valuation is above $100B (compare that to Airbnb at a ‘mere’ $30B)
  • It’s apparently the world’s largest spender on Google (it spends ~$3.5B a year)
  • It now offers about 600k listings of “alternate accommodations” on Booking.com, up 50% over last year or so, but still behind Airbnb’s ~3M listings.

The full article is here. Definitely worth a read.

Funny: AirBnB bait-and-switch

Another good one from the New Yorker. Should ring true for consultants that use AirBnB.

airbnb

Categories: humor, travel Tags: ,

Funny: How consultants wish they traveled

Another classic from the New Yorker. Reminds me of how consultants wish they were treated while traveling.

Ruling-class

Categories: consulting, funny, travel Tags: , ,

Extra airlines fees now 10% of revenue

airline feesAirlines’ business practices never cease to amaze me. It appears that the “extra fees” (read blankets, ear buds, movies, baggage, change fees etc.) now make up ~10% of total revenue according to an article in the NYTimes. The data is actually from a survey from hopper.com – full data here. All this while the quality of “service” continues to be awful at best. Read and weep.

Categories: airlines, travel, trends Tags:

Only ~5% use Uber / Lyft

March 26, 2017 Leave a comment

A couple of interesting tidbits from a couple of articles on Uber (one from an article on Uber’s troubles in the Economist this week; the other from the Information)

  • Apparently, only ~6% of American mobile phone users use Uber (or Lyft) once or more a month. I could have sworn it would be much higher. No wonder Uber’s valuation is sky high.
  • Despite it’s high valuation (~$70B), it hasn’t had a CFO in 2 years
  • A growing percentage of Uber employees don’t see themsevles there in 2 years
  • At least 6 key execs and senior employees have left in the last few months including several of the tech leaders in mapping, AI
  • Uber’s share in the US market has fallen from 80% to 74% (with most of that going to Lyft)

Worth a quick read.

Categories: technology, travel Tags:

Airport gyms

February 14, 2017 Leave a comment

This may be interesting for consultants on the go. RoamFitness is apparently opening a bunch of gyms at airports for $40/day or $600/year. Right now they just have BWI (Baltimore) but plan to seem to have plans for a bunch more.

roam-fitness-bwi

To avoid overcrowding they limit it to 20 people at a time. Plus, (thankfully for their fellow passengers), they have showers onsite too.

Categories: tips, travel Tags: