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U.S. spending on airport construction and renovation skyrockets as airplane travel steadily grows.

​​​2017 hit record highs for construction spending on airport facilities, hitting an estimated $4.7B for the year – over three times 2016 levels. This spending volume takes in to account both new build projects and renovation of existing structures. This tremendous uptick in airport construction is being driven by a few factors:

  • Passenger enplanements (aircraft boardings) have steadily risen for the last 8 years, up over 20%, to record highs
  • The U.S. as a whole is taking a more active and strategic role in updating aging infrastructure
  • Years of deferred airport construction work is now viable as airline profits and competition have heated up​

Source: JLL Research, Bureau of Transportation Statistics, U.S. Census​

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