Travel Retail and Duty Free Business Intelligence    Saturday 25 October 2014

Airport Property

Comment: Tapping into the non-aeronautical revenue opportunity

Source: ©The Moodie Report - 08/08/14

INTERNATIONAL. In an opinion piece written for The Moodie Report, former senior Fraport Group executive Jan Laufs outlines his views on the major non-aeronautical opportunities for airports.

Brisbane Airport announces hotel and conference centre development

Source: ©The Moodie Report - 30/07/14

AUSTRALIA. With a targeted opening in November 2016, the A$150 million (US$140.7 million) development will include two hotels and a conference facility.

'Spectacular, Sensational, Exceptional': Abu Dhabi Airports unveils tender details

Source: ©The Moodie Report - 09/02/14

UAE. Abu Dhabi Airports calls on retailers and brand owners to “tear up the blue prints” and create a ‘wow’ factor' for travellers at the Midfield Terminal Building.

Hainan Meilan Airport plots major new commercial development

Source: ©The Moodie Report - 04/12/13

CHINA. The Station Complex, if approved by government, will house a hotel, duty free mall and flagship brand stores over eight floors and across 275,400sq m.

Denver Airport opens innovative Final Approach commercial facility

Source: ©The Moodie Report - 24/09/13

USA. Denver International Airport opened a new cell phone lot and food court facility named Final Approach on Monday, in a boost to its Arrivals services.

Sydney Airport grows retail revenues as new openings continue

Source: ©The Moodie Report - 23/08/13

AUSTRALIA. Sydney Airport retail revenues rose +0.9% in H1 2013; the figure would have been higher but for adjustments to Nuance's tobacco contract.

Belfast International Airport links with Chauntry for parking system

Source: ©The Moodie Report - 06/06/13

UK. Northern Ireland’s busiest airport is using the Chauntry Parkspace system to sell car park spaces, lounge entry and priority security access.

Denver International Airport to bring F&B and retail to gate holdrooms

Source: ©The Moodie Report - 22/04/13

USA. The Denver Department of Aviation is seeking Statements of Qualifications to provide F&B and retail services at Denver International Airport gate holdrooms.

Marking a landmark in aviation history: Dubai International Concourse A

Source: ©The Moodie Report - 26/03/13

DUBAI. Moodie Corporate has launched a special book celebrating a big moment in aviation history: the opening of Concourse A at Dubai International.

Miami International Airport launches Airport City in major expansion

Source: ©The Moodie Report - 19/02/13

US.The new Airport City development at Miami includes a 33-acre hospitality centre and business park, anchored by a four-star hotel linked to the terminals.

Airports Authority of Trinidad and Tobago plans major leasing drive

Source: ©The Moodie Report - 17/01/13

TRINIDAD & TOBAGO. Airports Authority of Trinidad and Tobago (AATT) is poised to launch commercial tenders for a business park close to Piarco Airport.

MarketPlace Development to manage Washington airports concessions

Source: ©The Moodie Report - 11/01/13

USA. The company will manage the F&B and retail programmes at Ronald Reagan and Dulles airports, both previously managed by Westfield.

TAV secures €250 million loan to build Izmir domestic terminal

Source: ©The Moodie Report - 30/11/12

TURKEY. The airport has secured funding for the construction of a new domestic terminal at Izmir Adnan Menderes Airport, which it will run until 2032.

GIS targets airport expansion for passenger lounges and services

Source: ©The Moodie Report - 11/09/12

SPAIN. Gestió i Serveis hopes to persuade more airports its range of passenger services can squeeze revenue from unused terminal space.

Aéroports de Paris posts strong gains in commercial revenues

Source: ©The Moodie Report - 03/09/12

FRANCE. Aéroports de Paris delivered a fine commercial revenues performance for the first half year, driven partly by strong gains in sales per passenger.

Auckland Airport grows retail revenues +8.7% in FY 2012

Source: ©The Moodie Report - 30/08/12

NEW ZEALAND. Auckland Airport has reported a +8.7% increase in retail revenues and +9.5% growth in car parking revenues for the year to 30 June 2012.

Commercial revenues come under the spotlight at key African airports event

Source: ©The Moodie Report - 29/08/12

ZAMBIA. Commercial revenues featured high on the agenda at this week's ACI African Region Annual Assembly, which concluded on Wednesday in Zambia.

Retail income buoys Manchester Airport Group’s full-year results

Source: ©The Moodie Report - 24/08/12

UK. Manchester Airport Group revenues were buoyed by a strong performance from duty free and financial services in the year to 31 March 2012.

Sydney Airport buoyed by strong H1 commercial performance

Source: ©The Moodie Report - 23/08/12

AUSTRALIA. Sydney Airport retail revenues climbed by +6.4% year-on-year in the first six months of 2012, hitting A$115.4 million (US$121 million).

Vancouver Airport and McArthurGlen plan off-terminal retail project

Source: ©The Moodie Report - 20/08/12

CANADA. The airport and the UK-based outlet developer will open a luxury designer outlet centre on airport land in the second half of 2014.

Non-Aviation revenues play role as Zürich Airport profits surge

Source: ©The Moodie Report - 21/03/12

SWITZERLAND. Zürich Airport posted a +23.4% surge in net profit for 2011, despite the impact of a challenging economy and the strong Swiss Franc.

AdP alliance named as preferred bidder to operate Zagreb Airport

Source: ©The Moodie Report - 14/03/12

CROATIA. An alliance of AdP, Bouygues Batiment International and Croatian company Viadukt is the preferred bidder to run Zagreb Airport under a 30-year deal.

Partnerships drive strong commercial results for Aéroports de Paris in 2011

Source: ©The Moodie Report - 23/02/12

FRANCE. Extended partnerships with key operators and record traffic helped drive strong commercial revenues growth for Aéroports de Paris in 2011.

Perth Airport’s International Terminal expansion set for launch

Source: ©The Moodie Report - 18/11/11

AUSTRALIA. The expansion of Terminal 1 at Perth Airport will begin in early 2012, after government approved the airport company’s Major Development Plan.

Zürich Airport seeks formal permission for major new project

Source: ©The Moodie Report - 21/10/11

SWITZERLAND. Zürich Airport has applied to city authorities for permission to begin building The Circle, a major “service destination” project close to the airport.

Schiphol’s retail revenue outstrips passenger growth but spending down

Source: ©The Moodie Report - 26/08/11

THE NETHERLANDS. Schiphol Group yesterday posted a +14.3% year-on-year rise in first-half revenues to €157.2 million at its Consumers division. The increase outstripped passenger growth, largely due to the chocolate concession being brought in-house. But airside retail spend per passenger was down.

Regional Airport-Holdings reveals ambitious plans for India

Source: ©The Moodie Report - 10/08/11

INDIA. Aviation services group Regional Airport-Holdings International Limited has revealed plans to develop the Indian regional aviation market, starting with two airport projects at Shimoga and Gulbarga in Karnataka next year. The company will invest around US$660 million in at least 15 aviation infrastructure and services projects over the next five years.

ASUR posts sharp commercial revenue gains in second quarter

Source: ©The Moodie Report, Reuters - 26/07/11

MEXICO. Airports operator ASUR yesterday posted a sharp +10.5% rise in commercial revenues for the second quarter. This was driven by higher traffic (+2.9%) but mainly by a commendable +8.3% gain in commercial revenue per passenger to MXN66.22 (US$5.70). In related news, ASUR Chief Executive Adolfo Castro said that the company is unlikely to bid for airport concessions in Brazil, citing weak returns.

Christchurch International Airport constructs temporary office precinct for earthquake-affected businesses

Source: ©The Moodie Report - 01/06/11

NEW ZEALAND. Christchurch International Airport has begun construction of a temporary office precinct on Orchard Road, in response to the needs of businesses for premises and services since February's earthquake. The first development phase of the office precinct is an 800sqm building which will be occupied by House of Travel, which will have 120 employees working there.

Queen Alia International Airport announces commercial tenders

Source: ©The Moodie Report - 26/05/11

JORDAN. Airport International Group (AIG), a consortium of local, regional and international partners, including Aeroports de Paris Management, has announced it is seeking non-exclusive Request for Qualifications (RFQs) regarding a number of commercial opportunities at the new terminal complex at Queen Alia International Airport in Jordan.

Up close in Christchurch Airport’s new commercial environment

Source: ©The Moodie Report - 16/05/11

NEW ZEALAND. Opened to the public last week, Stage One of Christchurch Airport’s new terminal building delivers an impressive landside food hall and retail area, an integrated international and domestic check-in hall, and a smart regional terminal, bringing the South Island hub airport into a new era of commercial activity and customer experience. The Moodie Report’s Peter Dowling visited the new facility with Christchurch International Airport Limited CEO Jim Boult.

Retail investment pays off for Auckland Airport

Source: ©The Moodie Report - 24/02/11

NEW ZEALAND. Auckland International Airport Limited today announced a strong set of interim results for the six months ending 31 December, with retail playing a key role. Buoyed by recent investment in the airport’s international departures area and an increase in marketing activity, plus a wider choice of retail and food & beverage options, retail revenue in the period climbed by +12.9%. Read on for full details.

Strong retail performance lifts Copenhagen Airports

Source: ©The Moodie Report - 23/02/11

DENMARK. Copenhagen Airports’ Shopping Centre revenue climbed by +6.3% year-on-year to DKK544.8 million (US$100 million) in 2010, the company has announced. Duty free revenue in the year increased +13.5%, benefitting from strong traffic growth and a positive change in the EU versus non-EU passenger mix.

Costa Rican airport releases land for commercial development

Source: ©The Moodie Report - 08/12/10

COSTA RICA. Coriport SA, the concessionaire for the airport development project at Daniel Oduber Quiros International Airport, has land available for commercial development, and is seeking expressions of interest for long-term leasing opportunities. The land will become available concurrently with the opening of the new passenger terminal building in August 2011.

Aéroports de Paris posts strong first-half retail gains despite traffic decline

Source: ©The Moodie Report - 31/08/10

FRANCE. Aéroports de Paris today unveiled strong first-half growth in retail and services. Aéroports de Paris Chairman and CEO Pierre Graff said: “Traffic was severely disrupted in April by the eruption of the Icelandic volcano Eyjafjallajökull. Despite this, Aéroports de Paris Group’s results for the first half of 2010 are satisfying, due in particular to the increase in revenue per passenger achieved in shops within restricted areas.”

Higher retail spend lifts Schiphol Group commercial activities

Source: ©The Moodie Report - 30/08/10

NETHERLANDS. Schiphol Group has reported a solid +2.8% year-on-year rise in revenues from its Consumers Business Area in H1 2010, to €137.6 million. Crucially, average spend in the See Buy Fly shops rose by +3.4% to €15.74 in the half. The division’s revenues were hit to the tune of €2.7 million by the volcanic ash cloud in April and May. Revenue for the group as a whole hit €545 million in the half, down by -1.5%, though profits grew sharply.

Auckland Airport posts ‘resilient’ commercial results for full year

Source: ©The Moodie Report - 26/08/10

NEW ZEALAND. Auckland International Airport Limited today posted what it described as better than expected annual results for 2010. While retail income was down -9.0% over 2009 and retail income per international passenger fell sharply, the company said this was due to a combination of one-off factors, including the change to a dual duty free retailer model.

Retail revenue growth buoys Fraport Group in first half of 2010

Source: ©The Moodie Report - 05/08/10

GERMANY. Fraport Group’s Retail & Real Estate division posted a solid +4.3% rise in first-half revenue, to €186 million, the company reported today. “Our Frankfurt home base generated net retail revenue per passenger of more than three Euros for the first time despite continuing difficult economic times," said group Chairman Dr Stefan Schulte. Frankfurt Airport’s revenue from shopping hit €41.9 million in the half, from €40.5 million a year ago.

Riga Airport issues tender for management of commercial space

Source: ©The Moodie Report - 28/07/10

LATVIA. Riga International Airport has issued a tender for a master concessionaire to oversee management of all commercial spaces at the airport. The contract will run for ten years and will cover duty free, speciality retail, food & beverage, currency exchange, car rental, business lounges, banking and other services.

‘The Power of India’ conference gathers pace

Source: ©The Moodie Report - 08/06/10

INDIA. Some of India’s most powerful figures in the aviation and travel retail sectors will address the country’s biggest-ever airport commercial revenues conference in September. ‘The Power of India’ is a joint venture between Airports Council International and The Moodie Report. It is being hosted in Delhi by powerful infrastructure and airport operating giant GMR. UPDATED STORY including hotel registration details.

Strong retail performance buoys Aéroports de Paris in first quarter

Source: ©The Moodie Report - 14/05/10

FRANCE. A strong performance from retail and commercial activities buoyed Paris airports group Aéroports de Paris in the first quarter of 2010. The Retail & Services division posted revenue growth of +5.3% to €230.4 million, while retail revenue alone grew by +8.9% to €91.6 million. The airport group's Chairman and CEO Pierre Graff hails the "dynamic commercial policy" that drove the healthy retail figures.

BAA disposes of stake in property joint venture

Source: ©The Moodie Report - 27/04/10

UK. Airports group BAA Limited is to sell its stake in The Airport Property Partnership to real estate investor Segro plc for £244.1 million. The move is part of BAA’s strategy to dispose of non-core assets. The Airport Property Partnership is a joint venture with investments in industrial assets around leading UK airports.

Interview: ACI Europe's Olivier Jankovec speaks out

Source: ©The Moodie Report - 06/04/10

EUROPE. Aviation in Europe is undergoing fundamental structural changes that will alter the face of the business, according to Airports Council International (ACI) Europe Director General Olivier Jankovec. In the lead-up to the ACI Trading Conference in Malta, he tells The Moodie Report about overcoming crisis, the next generation of consumers and the key commercial challenges.

Malaysia Airports puts commercial revenues at heart of 5-year plan

Source: ©The Moodie Report - 06/04/10

MALAYSIA. Malaysia Airports Holdings Berhad says that commercial development will be the main driver in doubling revenue over five years. The pledge was made in the company’s Business Direction plan unveiled late last week. Malaysia Airports Managing Director Tan Sri Bashir Ahmad Abdul Majid said: "Strategies are in place to revolutionise the retail experience and drive new income streams to double our revenue by 2014.”

Zürich Airport 2009 commercial revenues slip -6.1%; net profit soars

Source: ©The Moodie Report - 19/03/10

SWITZERLAND. Zürich Airport’s commercial revenues (including retail, food & beverage, advertising and car parking) fell by -6.1% to CHF170 million (US$161 million) in 2009. Total revenues fell by -4.1% but net profit soared +57%, helped by the partial sale of the company’s stake in Bangalore International Airport.

Early booking deadline looms for key ACI Europe event

Source: ©The Moodie Report - 10/03/10

EUROPE. There are just nine days left until early registration closes – and with it the opportunity to enjoy an early booking discount – for this year’s ACI Europe Trading Conference & Exhibition, to be held in Malta on 26–28 April. The organisers say they expect 400-plus delegates at this year’s event.

Economic downturn hits Fraport Group retail revenue in 2009

Source: ©The Moodie Report - 03/03/10

GERMANY. Retail & Real Estate revenues at Frankfurt Airport owner Fraport Group fell by -2.1% year-on-year in 2009 to €362.9 million, the company said today. But despite the impact of the economic crisis, which hit overall revenues and passenger numbers, retail revenue per passenger rose marginally in the year.

Auckland Airport H1 revenues fall; new hotel project is revealed

Source: ©The Moodie Report - 26/02/10

NEW ZEALAND. Auckland International Airport Limited today reported a -0.6% decline in half-year revenues to NZ$182.9 million (US$127 million) for the period to 31 December, with a dip in retail income blamed for the slight fall in overall revenues. Read on for full details, plus news of a new two-star budget Formule 1 Hotel to be built on the airport grounds in time for the 2011 Rugby World Cup.

Copenhagen Airports reports sharp fall in commercial revenues

Source: ©The Moodie Report - 25/02/10

DENMARK. Copenhagen Airports’ commercial revenues fell by -4.6% year-on-year in 2009 to DKK1.32 billion (US$239 million), the company said today. Shopping Centre revenues fell by -7.5%, but per passenger spend, notably at Gebr Heinemann's duty free operation, posted a solid increase year-on-year.

Delegates urged to book early for key ACI Europe event

Source: ©The Moodie Report - 23/02/10

EUROPE. Delegates planning to attend the forthcoming ACI Europe Trading Conference & Exhibition in Malta (26–28 April) are being urged to book by 19 March, to take advantage of a special early booking discount. A strong programme is taking shape for the 19th annual hosting of this key airport commercial revenues forum.