JAPAN. Narita International Airport Corporation (NAA) is on track to achieve an impressive +20% growth in its retail revenues for FY 2015.
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“Our retail business was favourable in fiscal 2015“ |
Daisuke Tanaka Senior Manager Retail Strategy Narita International Airport Corporation |
With results still to be finalised for the fiscal year ended 31 March 2016, revenues from duty free, speciality retail and food & beverage are forecast to reach JPY116.6 billion (US$1.06 billion).
“The performance of our retail business was favourable in fiscal 2015,” commented Senior Manager Retail Strategy Daisuke Tanaka.
Speaking exclusively to The Moodie Report, Tanaka attributed the growth in part to the opening of the budget airline Terminal 3 with its array of stores and successful food court.
Further impetus has been gained from the refurbishment of stores in terminals 1 and 2 in FY2014.
As reported, NAA reopened five stores in T2’s Narita 5th Avenue in February, including the enlarged and upscaled Fa-So-La Duty Free Cosmetics & Perfumery store.
Further renovation has enabled access to a new corridor linking the two main terminals.
Tanaka additionally pointed to strong growth in inbound passenger numbers and spending over the past year.
Passenger numbers at Tokyo’s international hub are forecast to reach 37.9 million for the year to the end of March, an increase of approximately +8% from fiscal 2014.
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Fa-So-La Akihabara in T2 has been remodelled to allow access to the new inter-terminal corridor |
Residents of mainland China, Hong Kong and Taiwan are the main sources of growth.
NAA expects its international per passenger spend rate to lift by around +15% for FY2015.
A full report on Narita International Airport’s retail profile will appear in the May print edition of The Moodie Report.
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Fa-So-La Bags airside at T3 |
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Getting on track at T3 landside |
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Tatsu Sushi is one of the local success stories in T3 food & beverage |
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The food court is busy at all hours |
