Airport Retailers Struggle To Keep Hard-Won Contracts As Revenues Plummet

The coronavirus pandemic has subdued international and domestic travel to a trickle of its former volume, leaving U.S. airports mostly empty of passengers.

Retail has taken a hit overall, but airport concessionaires face even bigger challenges. With passenger volumes equaling only 5% to 10% of usual traffic, retailers and restaurants at U.S. airports have faced a dramatic cut in revenues, forcing many to temporarily close and furlough staff.

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Source: BISNOW
Date of Article: June 2nd 2020