US concessionaires face US$3.4 billion in losses in next 18 months, says Airport Restaurant and Retail Association

USA. Airport retailers and restaurateurs in the US will lose a combined US$3.4 billion between now and the end of 2021 due to the impact of the COVID-19 crisis. That’s the latest estimate of the Airport Restaurant & Retail Association (ARRA) in a new paper that underlines the need for urgent relief from government and airport partners.
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Titled ‘The Survival and Revival of Airport Shopping and Dining’, it builds on the powerful ten-point paper issued in June that underlined the effects of the pandemic on airport concessionaires. It asks questions about the future viability of many concessionaires when traffic levels will remain depressed for three to four years, and about the airport economic model (see points below).

READ THE FULL ARTICLE HERE

Source: The Moodie Davitt Report
Date of Article: July 16th 2020