Airport finances and the extent to which they rely on contributions from concessionaires were the focus of the weekly industry call hosted by the Airport Restaurant & Retail Association (ARRA) Wednesday. Stephen Martin, chief commercial officer, Vantage Airport Group, and Warren Adams, managing partner of WJAdvisors, shared their expertise.
The amounts food and beverage and retail concessionaires pay in rents and percentage of sales contributions pale in comparison to contributions from airlines and other sources, Adams noted. He says in-terminal concessions account for five to seven percent of total airport revenue, while airline payments range from about 40 percent to 60 percent.
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Source: Airport Experience News
Date of Article: February 18th 2021
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