Car Parking and Rental
Strong retail sales and average spend growth buoy Groupe ADP
Extime Paris sales outperformed passenger traffic growth in a strong year for commercial activities, says Groupe ADP.
London Heathrow Airport retail revenue increased by +23.8% year-on-year in 2023, behind the +29% rate of passenger growth, as the airport company returned to profit after three years of losses.
Louis Vuitton and Bulgari are among the big boutique openings planned for 2024 at Amsterdam Airport Schiphol, after a solid recovery in commercial activities in 2023.
TAV Airports, a member of Groupe ADP, generated a +25% increase in revenues year-on-year for 2023 to €1.3 billion with commercial sectors – duty free, food & beverage and lounge services – all to the fore.
Abu Dhabi International Airport was today renamed Zayed International Airport in honour of the United Arab Emirates founder, Sheikh Zayed bin Sultan Al Nahyan. Martin Moodie is on location to bring you words, images and video from a milestone day for aviation in the emirate. UPDATED.
The operator of six international airports in Thailand delivered concession revenues of THBt14,919.86 million (US$424.97 million), up +270% year-on-year, as it returned to profit for the first time since the pandemic.
“These results illustrate the relevance of our Extime project, which has enabled us to take our performance to a new level,” says Groupe ADP Customer Director Mathieu Daubert.
Strong travel retail sales at Denmark’s leading travel hub contributed to a +17% rise in total revenues for the first nine months of 2023.
Q3 retail revenues rose +14% year-on-year to €49 million, representing 84.5% of pre-pandemic 2019 figures. However, retail revenues per passenger softened in Q3 to €2.89, down sharply on the €3.30 in Q1 and €3.02 in Q2.
The AUD$5 billion (US$3.185 billion) investment programme – the biggest in the Queensland hub’s history – aims to create a better airport experience.
The call for tenders – one of the world’s largest of its type – is planned for early next year and will include 218 licences and more than 21,700 car spaces.
Retail revenue per passenger decreased by -7.4% to £8.65 in the nine months to 30 September mainly because of the removal of VAT-free shopping and the ‘normalisation’ of car parking revenue.
Support partners, speakers and guests salute the success of the second Australian Airports Association Retail & Commercial Forum, held in Brisbane in July, in a series of testimonials.