International Airports’ Concession Programs

Since September 11, 2001, the economics of the airport concession industry have changed dramatically with the new higher level of security. The need for passengers to clear security and arrive at their gates has become critical and created a financial disaster for concessionaires in “main terminals.” Simply stated, their customers (passengers) are being directed away from retail and food concessions in main terminals and told, “to go to their gates as soon as possible.” The policy of directing passengers to their gates has and will continue to destroy the business of concessionaires in main terminals. Hence, major airport are now re-configuring their main terminal concession program. All airport concessionaires have experienced a decline in revenues because of 9-11; however, the concessionaires in airport terminals have been affected the greatest. Most international airports recognize the problem and have implemented the “short-term” solutions we have outlined below:

The airport concession industry will not recover from the 9-11 events before 2004 or 06 according to industry experts. International airports will have to “re-concept and configure” their main terminal concessions to better accommodate security, and provide financial support for concessionaires. The international airport concession industry will experience major changes during the next sixty months, and RMD Financial will play a role in the process.

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For a review of your international airport's 1999 numbers click here

For a review of your international airport's 1998 numbers click here

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