Airport Authority Hong Kong opts for dual-operator model in foreign exchange tender

HONG KONG. Airport Authority Hong Kong will issue a tender for its foreign exchange business tomorrow (9 June).

The incumbent is Travelex but this time around  the Authority has opted for a dual-operator model, believing it will benefit passengers from a customer service perspective.

The contracts run for five years from the first quarter of 2018.

Just as it did for its duty free tender earlier this year, Airport Authority Hong Kong has consolidated the locations to make the opportunities more attractive to bidders. The tender will involve around 20 units split across two licences.

It is understood that keen interest in the tender has already been shown by international operators during the Authority’s pre-tender marketing over the past few months.

Note to foreign exchange operators: The Moodie Davitt Report is the only international business media that devotes extensive coverage to the airport foreign exchange sector. All such stories since our launch in 2003 can be accessed via our drop-down menu under ‘Other Revenues’ on our home page. To advertise on these pages, please contact Sarah Genest by e-mail on Sarah@MoodieDavittReport.com

Travelex is the incumbent but this time around it can only win half the business thanks to the two-operator model adopted by Airport Authority Hong Kong

NOTE TO AIRPORT OPERATORS: The Moodie Davitt Report is the industry’s most popular channel for launching commercial proposals and for publishing the results. If you wish to promote an Expression of Interest, Request for Proposals or full tender process for any sector of airport revenues, simply e-mail Martin Moodie at Martin@MoodieDavittReport.com.

We have a variety of options that will ensure you reach the widest, most high-quality concessionaire/retailer/operator base in the industry – globally and immediately.

Similarly The Moodie Davitt Report is the only international business intelligence service and industry media to cover all airport consumer services, revenue-generating and otherwise. We embrace all airport non-aeronautical revenues, including property, passenger lounges, car parking, hotels, hospital and other medical facilities, the Internet, advertising and related revenue streams.

Please send relevant material, including images, to Martin Moodie atMartin@MoodieDavittReport.com for instant, quality global coverage.

All such stories are consolidated in our popular Tender News section (see home page dropdown menu) that has been running since 2003.

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