{"title":"Understanding determinants of willingness to pay for airport shuttle service of urban air mobility","authors":"Suji Kim , Jiho Yeo , Yeongmin Kwon","doi":"10.1016/j.rtbm.2025.101444","DOIUrl":null,"url":null,"abstract":"<div><div>This study aims to investigate the Willingness to Pay (WTP) for an Urban Air Mobility (UAM) airport shuttle service. The survey was designed to target Incheon International Airport in South Korea and includes questions about WTP, socioeconomic attributes, airport-related behaviors, and experiences and opinions related to airport access and UAM. The questions for WTP were designed for specific fare scenarios, and a model was developed using a double-bounded dichotomous choice contingent valuation method to estimate WTP in the specific fare scenarios. A total of 1634 people responded to the survey, and its results were analyzed using a double-bounded dichotomous choice model to examine the effects of socioeconomic and airport-related factors on WTP. The modeling result shows an average WTP of 60,173 KRW (approximately 48 USD) and a median of 48,521 KRW (approximately 39 USD) per 30 min for the UAM airport shuttle service, indicating lower WTP compared to the suggested fares from various organizations. This highlights the need for feasible pricing in the early market to attract the public. Meanwhile, taxi users exhibited 97 % higher WTP probability compared to airport shuttle users, while private car drivers showed a 34 % increase. This is noteworthy in that UAM has the potential to replace ground taxis or be another transportation mode similar to taxis. Moreover, respondents aware of UAM technology demonstrated 19 % higher WTP, indicating the importance of promoting UAM to the public and making them perceive the substantial effects of UAM. The findings of this study provide important information to policymakers and industry stakeholders to devise effective pricing strategies and policies for the successful integration of UAM into current transportation systems.</div></div>","PeriodicalId":47453,"journal":{"name":"Research in Transportation Business and Management","volume":"62 ","pages":"Article 101444"},"PeriodicalIF":4.4000,"publicationDate":"2025-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Research in Transportation Business and Management","FirstCategoryId":"5","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S2210539525001592","RegionNum":2,"RegionCategory":"工程技术","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
This study aims to investigate the Willingness to Pay (WTP) for an Urban Air Mobility (UAM) airport shuttle service. The survey was designed to target Incheon International Airport in South Korea and includes questions about WTP, socioeconomic attributes, airport-related behaviors, and experiences and opinions related to airport access and UAM. The questions for WTP were designed for specific fare scenarios, and a model was developed using a double-bounded dichotomous choice contingent valuation method to estimate WTP in the specific fare scenarios. A total of 1634 people responded to the survey, and its results were analyzed using a double-bounded dichotomous choice model to examine the effects of socioeconomic and airport-related factors on WTP. The modeling result shows an average WTP of 60,173 KRW (approximately 48 USD) and a median of 48,521 KRW (approximately 39 USD) per 30 min for the UAM airport shuttle service, indicating lower WTP compared to the suggested fares from various organizations. This highlights the need for feasible pricing in the early market to attract the public. Meanwhile, taxi users exhibited 97 % higher WTP probability compared to airport shuttle users, while private car drivers showed a 34 % increase. This is noteworthy in that UAM has the potential to replace ground taxis or be another transportation mode similar to taxis. Moreover, respondents aware of UAM technology demonstrated 19 % higher WTP, indicating the importance of promoting UAM to the public and making them perceive the substantial effects of UAM. The findings of this study provide important information to policymakers and industry stakeholders to devise effective pricing strategies and policies for the successful integration of UAM into current transportation systems.
期刊介绍:
Research in Transportation Business & Management (RTBM) will publish research on international aspects of transport management such as business strategy, communication, sustainability, finance, human resource management, law, logistics, marketing, franchising, privatisation and commercialisation. Research in Transportation Business & Management welcomes proposals for themed volumes from scholars in management, in relation to all modes of transport. Issues should be cross-disciplinary for one mode or single-disciplinary for all modes. We are keen to receive proposals that combine and integrate theories and concepts that are taken from or can be traced to origins in different disciplines or lessons learned from different modes and approaches to the topic. By facilitating the development of interdisciplinary or intermodal concepts, theories and ideas, and by synthesizing these for the journal''s audience, we seek to contribute to both scholarly advancement of knowledge and the state of managerial practice. Potential volume themes include: -Sustainability and Transportation Management- Transport Management and the Reduction of Transport''s Carbon Footprint- Marketing Transport/Branding Transportation- Benchmarking, Performance Measurement and Best Practices in Transport Operations- Franchising, Concessions and Alternate Governance Mechanisms for Transport Organisations- Logistics and the Integration of Transportation into Freight Supply Chains- Risk Management (or Asset Management or Transportation Finance or ...): Lessons from Multiple Modes- Engaging the Stakeholder in Transportation Governance- Reliability in the Freight Sector