What is typically conducted during Stage 2 of airport development?

During Stage 2 of airport development, market analysis is a crucial activity conducted to assess demand for air transportation and to understand traveler preferences and trends. This process involves evaluating the potential passenger traffic, cargo demands, and competitive analysis. The goal is to determine if there is sufficient market support that justifies the proposed development or expansion of the airport facilities.

Market analysis provides stakeholders with insights into future growth projections and helps in making informed decisions regarding the scale and scope of development projects. It assesses not just current market conditions, but also anticipates future needs, ensuring that the airport can adapt to changing trends and demands over time. This step is foundational, as it informs subsequent stages of the development process, including financial planning and design considerations, ultimately leading to more successful project outcomes.