Economic study shows San Diego Airport contributes 12 billion to region annually

Economic study shows San Diego Airport contributes 12 billion to region annually

first_imgEconomic study shows San Diego Airport contributes $12 billion to region annually Posted: September 18, 2018 The growth in economic impact is largely due to the airport’s increase in passenger traffic. In 2012, the airport accommodated nearly 17.3 million passengers, which grew to nearly 22 million in 2017 passengers. Business and leisure visitors spend money while visiting the region, thereby helping support additional economic impacts.  According to the San Diego Tourism Authority, visitors arriving by air spend an average of $835 per person per trip.  In 2017, it is estimated that more than 5.9 million visitors to the region spent nearly $5 billion in the regional economy. The full Economic Impact Study is available online here. SAN DIEGO – September 18, 2018 – A new Economic Impact Study completed for San Diego International Airport (SAN) indicates a dramatic increase in regional employment, payroll and economic impact as a result of the airport. The study quantifies the airport’s total economic contributions to the region at nearly $12 billion annually. “This study highlights the airport’s role as far more than a vital transportation resource for the San Diego region,” said Kimberly Becker, Airport Authority President/CEO.  “SAN is a regional asset that is also a major economic driver and job creator, constantly looking at ways to improve the passenger experience and help the region become increasingly global.” SAN DIEGO (KUSI) – San Diego International Airport contributes nearly $12 billion annually to the region’s economy, according to a study released Tuesday.The study compared 2017 economic data from the U.S. Department of Transportation, the San Diego Tourism Authority, the Airport Authority and on- site airport tenants to measure the direct and indirect economic impacts generated by SAN, formerly known as Lindbergh Field.Airport-supported employment has increased by 31 percent since the study was last done in 2013, and SAN now supports 5.7 percent of people employed in the San Diego region. The nearly 118,000 residents in the area employed directly or indirectly due to activities at the airport, as of 2017, accounted for $3.9 billion in annual payroll and $11.7 billion in annual economic output, the study found.“This study highlights the airport’s role as far more than a vital transportation resource for the San Diego region,” said Airport Authority President and CEO Kimberly Becker.  “SAN is a regional asset that is also a major economic driver and job creator, constantly looking at ways to improve the passenger experience and help the region become increasingly global.”Since the last study, the airport has expanded its second terminal and added a rental car center, Terminal 2 parking plaza, international arrivals facility and an on-airport roadway.In addition to its supported employment, the airport’s passenger traffic has increased 27.2 percent since 2013, from 17.3 million passengers to 22 million last year. With the increased traffic and 21 passenger airlines serving San Diego International, it is “the busiest single-runway commercial service airport in the United States,” according to the study.The official press release from the San Diego International Airport is below: Total employment supported by the airport has increased by 31 percent over the past five years.  In 2017 nearly 118,000 residents in the region were employed directly or indirectly due to the activities at SAN, generating nearly $3.9 billion in total annual payroll. Of total employment in San Diego County, SAN supports 5.7 percent of people employed in the region. KUSI Newsroom Updated: 3:49 PM Categories: Local San Diego News FacebookTwitter The study measures the direct and indirect economic impacts generated by SAN. To do so, the study compared 2017 data from the U.S. Department of Transportation, San Diego Tourism Authority, Airport Authority and on-airport tenants. KUSI Newsroom, September 18, 2018 The study was last conducted in 2013 using data from 2012.  Since then, the airport has undertaken a number of construction projects to make travel easier and more efficient. Projects include: The Green Build Terminal 2 Expansion, Rental Car Center, Terminal 2 Parking Plaza, International Arrivals facility, and the on-airport roadway.last_img

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