Nassau Airport seeks Expressions of Interest in duty free concession

BAHAMAS. Nassau Airport Development Company is seeking a partner to design, build, finance and manage duty free retail stores at Lynden Pindling International Airport. The airport company is seeking Expressions of Interest initially, with bids to follow. At stake is around 3,000sq ft of retail space.

The airport company confirmed to The Moodie Davitt Report that it is seeking a single partner to run its duty free business. Currently duty free stores at Nassau Airport are managed by multiple local retailers. The airport has not yet finalised the length of the contract but said it was likely to run for a minimum of five years.

Interested parties should provide:

*A list of local and international brands the company is licensed to sell;

*Proposed duty free categories to be managed;

*A proposed revenue share model with NAD including minimum annual guarantees. NAD said it welcomes “innovative revenue models” in the Expression of Interest;

*A list of stores and their square footage owned and operated already by the potential partner

*Confirmation that the partner has the capacity to build out at least 3,000sq ft of retail spaces at a minimum of B$450 (US$450) per square foot

Nassau Airport embarks on the search for a duty free partner, with responses to the EOI due by 23 February

The duty free partner must create a joint venture with a licensed Bahamian company and have at least five years’ experience in running duty free concessions at airports.

Click here for the Nassau Airport EOI document

NAD said its goals are to “achieve a high standard of excellence and customer service” and to “offer concepts and services that will appeal to the complete spectrum of passengers served by the airport”.

A detailed Expression of Interest document is available for distribution to qualified and interested parties until 22 January.

Submissions should be received by 23 February.

Lynden Pindling International Airport handles around 3.3 million passengers a year and is the fourth busiest airport in the Caribbean. Nassau Airport Development Company, a Bahamian company owned by the Government of The Bahamas and operated by Vantage Airport Group, manages the airport under a 30-year lease.

Business 1ntelligence Service offers key insights into Nassau Airport passenger traffic

The chart below on Nassau Airport passenger traffic is courtesy of an exclusive relationship between The Moodie Davitt Report and leading travel retail research and analysis house m1nd-set. The Swiss company recently launched its Business 1ntelligence Service (B1S), a unique air traffic forecasting tool, developed with IATA and ARC’s ‘Direct Data Service’ (DDS) database.

The DDS program is built on travel agency sales data captured through ARC and IATA’s financial settlement systems and ticket sales contributed by airlines participating in the programme. DDS is able to estimate 100% of global airline sales data, including scheduled and charter flights and low cost airline traffic, and will even distinguish between travel classes. For more information e-mail m1nd-set Founder & CEO Peter Mohn at pmohn@ms-research.net

Click to enlarge

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 foreign exchange, property, passenger lounges, car parking, hotels, hospital and other medical facilities, the Internet, advertising and related revenue streams.

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