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Full-Text Articles in Aviation
Predicting The Market Share Of A New Airport In Multi-Airport Cities: The Case Of Lagos, Samson Oladele Fatokun
Predicting The Market Share Of A New Airport In Multi-Airport Cities: The Case Of Lagos, Samson Oladele Fatokun
Doctoral Dissertations and Master's Theses
The primary objective of the study was to develop an empirical model that combines the contingent valuation method (CVM) with the isochrone analysis to predict the market shares of new airports in multi-airport cities and to apply the model to the case of Lekki International Airport (LIA), the proposed second airport in Lagos, Nigeria. In addition to predicting the market share that LIA could attain, the study also identified and analyzed the catchment areas as well as the willingness to pay (WTP) of would-be LIA passengers. Furthermore, the research identified the determinants of airport choice in the Nigerian market. The …