AIRPORT RESTAURANT AND RETAIL ASSOCIATION
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NEWS

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

9/16/2020

 
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.

READ THE FULL ARTICLE HERE

Source: BISNOW

Date of Article: June 2nd 2020


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250 S. Northwest Highway, Suite 315, Park Ridge, IL 60068
Phone: (847) 324-7883 | [email protected]