INDIA. Airports Authority of India (AAI) has issued a tender seeking a master concessionaire to design, build, finance and run 1,000sq m of retail space at Chennai International Airport.
The concession will run for seven years. Rent will be the higher of a minimum monthly guarantee of Rs11.88 million (US$178,000) with an annual compound escalation or a 20% share of monthly sales, whichever is higher.
The opportunity covers 12 store locations around both domestic and international terminals and features most major categories with the exception of liquor (the key category in India duty free).
The tender was first advertised in March with a deadline of today (27 April) though we understand AAI may offer an extension.
Chennai Airport handled 18.3 million passengers in its 2016/17 fiscal year, of which 5.2 million were international.
*We will bring you comment on this tender and AAI’s strategy in adopting a master concession model shortly from #Miles2Go Consulting Services founder Shriram Sanjeevi, in his latest column on the Indian market.
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 at Martin@MoodieDavittReport.com for instant, quality global coverage.
