Percent Market Share Formula:
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The Percent Market Share for Airport 'i' calculates the percentage of total scheduled domestic passenger enplanements that a particular airport captures within its region and state market context.
The calculator uses the market share formula:
Where:
Explanation: This formula calculates the market share percentage by considering the airport's enplanements relative to regional and state market distributions and total domestic passenger volume.
Details: Calculating market share helps airports understand their competitive position, assess growth opportunities, and make strategic decisions about route development and infrastructure investments.
Tips: Enter all values as positive numbers. Market share percentages should be entered as whole numbers (e.g., 30 for 30%). All values must be greater than zero for accurate calculation.
Q1: What is Domestic Passenger Enplanement?
A: Domestic Passenger Enplanement is defined as a passenger boarding a plane at a particular airport, including originating passengers and connecting passengers.
Q2: How is Percent Market Share for Region determined?
A: Percent Market Share for Region represents the percentage of total state market sales or passenger volume generated by a particular region.
Q3: What does Percent Market Share of State measure?
A: Percent Market Share of State measures the percentage of total industry sales or passenger volume generated by a particular state within the national market.
Q4: Why is Total Scheduled Domestic Passenger important?
A: This represents the total boarding of aircraft by revenue passengers nationwide, serving as the denominator for market share calculations.
Q5: How can airports use this market share information?
A: Airports can use this data for competitive analysis, route planning, negotiating with airlines, and justifying infrastructure investments.