SOUTH KOREA. Incheon International Airport Corporation (IIAC) again reissued its tender for the troubled DF3 fashion & accessories concession on Friday (12 May). There have been no offers across three earlier bids.
DF3 covers 14 stores embracing 4,889sq m of retail space. Bidding has been adversely affected by the cost of entry and the collapse in Chinese tourism caused by the THAAD dispute between South Korea and China.
“We have retendered a fourth time with a -20% reduced MAG,” IIAC Deputy Executive Director, Commercial Marketing Group, Bum-Ho Kim told The Moodie Davitt Report. Last time around IIAC reduced the MAG by -10%.
“We will close the tender on May 23rd and we will not open the bidding for DF1/DF2 winners (Shilla/Lotte) this time by Korea Customs Service’s request.”
NOTE TO AIRPORT OPERATORS: The Moodie Davitt Report is the industry’s most popular channel for launching commercial proposals and for publishing the results. If you wish to promote an Expression of Interest, Request for Proposals or full tender process for any sector of airport revenues, simply e-mail Martin Moodie at Martin@MoodieDavittReport.com.
We have a variety of options that will ensure you reach the widest, most high-quality concessionaire/retailer/operator base in the industry – globally and immediately.
Similarly The Moodie Davitt Report is the only international business intelligence service and industry media to cover all airport consumer services, revenue generating and otherwise. We embrace all airport non-aeronautical revenues, including property, passenger lounges, car parking, hotels, hospital and other medical facilities, the Internet, advertising and related revenue streams.
Please send relevant material, including images, to Martin Moodie atMartin@MoodieDavittReport.com for instant, quality global coverage.
All such stories are consolidated in our popular Tender News section (see home page dropdown menu) that has been running since 2003.
