Key West Transit Development Plan FY2025-2034

3.3 Trend Analysis

% Change (2019– 2023)

% Change (2021– 2023)

2019 2023 Trend

2021 2023 Trend

Indicator/ Measure

Desired Trend

2019 2020 2021

2022 2023

Efficiency Measures Operating Expense per Capita Operating Expense per Passenger Trip Operating Expense per Revenue Mile Operating Expense per Revenue Hour Farebox Recovery (%)

$70.16

$56.23

$58.75

$87.59

$86.76

23.7% 47.7%

  

$5.19

$8.11

$14.86

$23.40

$17.82

243.4% 19.9%

  

$5.73

$5.65

$6.26

$9.66

$8.54

49.1% 36.4%

  

$76.60

$77.10

$78.91

$84.09

$77.77

1.5% -1.4%

  

10.37

8.33

7.28

5.66

7.59

-26.8% 4.2%

  

Average Fare

$0.54

$0.68

$1.08

$1.32

$1.35

151.4% 25.0%

  

Source: FTIS NTD data: Rural General Public Transit Service (RU-20) 2019 - 2022 Notes : 1.Service Area includes Key West CCD, Lower Keys CCD and Middle Keys CCD. 2. 2023 Population Data estimated based on 2019-2022 population data 3.3.2 Trend Analysis Summary and Conclusions General Indicators Over the five-year analysis period, all general indicators exhibited fluctuations. Passenger trips underwent a significant decrease from 2019 to 2020, followed by a slight increase until 2023, resulting in an overall substantial decline of 61.3% by 2023, partly due to the global pandemic. The service area population demonstrated steady growth from 2019 to 2021, with a slight decrease in 2022 followed by a slight increase in 2023. Similarly, service area population density showed growth until 2021, followed by a slight decrease in 2022 and an increase in 2023. Annual revenue miles initially decreased in 2020, followed by fluctuation and an overall decrease of 10.9% from 2019 to 2023. Conversely, annual revenue hours experienced an overall increase of 30.9% from 2019 to 2023, with a notable surge from 2022 to 2023. Total operating expenses consistently increased from 2019 to 2023, with a significant rise noted from 2021 to 2023. However, total capital expenses decreased from 2019 to 2021, followed by fluctuations in later years, resulting in an overall decline of 80.5% from 2019 to 2023. Fare revenues initially decreased in 2020 due to the pandemic but significantly increased from 2022 to 2023.

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Transit Development Plan FY 2025–2034