Haikou Meilan Airport 2022 non-aeronautical revenues take significant year-on-year hit : Moodie Davitt Report

CHINA. Hainan’s busiest air travel hub, Haikou Meilan International Airport, posted a significant -28.22% year-on-year decline in non-aeronautical revenues in 2022. However, the number reported in the airport’s just-published 2022 financial results is ahead of the corresponding traffic decline of -36.2% (11.2 million in 2022 vs. 17.5 million in 2021).

Above and below the charts summarise 2022 Haikou Meilan International Airport revenues, comparing them with 2021 (click to enlarge)

Concessions income dipped at Haikou Meilan International Airport, with significantly fewer passengers visiting duty free stores in a COVID-hit 2022 compared to the prior year

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Revenue from non-aeronautical business reached RMB780.32 million (2021: RMB1,087.13 million), accounting for 68.36% of total income.

Total 2022 revenue reported by Haikou Meilan International Airport Company was RMB1,141.46 million (2021: RMB1,605.71 million), a year-on-year decline of almost 29%.

The airport company cited the effects of the COVID-19 pandemic as the cause of declining non-aeronautical revenues, as offline sales of duty free stores at Meilan Airport fell significantly. This led to a notable year-on-year decrease in airport franchise income (-32.04% on sales of RMB453,939,102).

Haikou Meilan International Airport’s VIP room income in 2022 amounted to RMB32,400,608, representing a year- on-year decrease of -58.5%. Again, the airport company attributed this significant fall to the pandemic impact.

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