Airport Property
Vienna Airport posts record revenue and increased profits in 2024
Vienna Airport today reported financial results for 2024, with the Retail & Properties division posting a +10% rise in revenue year-on-year to €203 million.
Income per passenger rose +1.9% to NZ10.16 (US$5.81) with the passenger spend rate (PSR) nudging ahead by +0.3% year-on-year. However, international PSR was down -1.5%.
GMR Airports, the world’s second-largest private airport operator, posted strong third-quarter, non-aeronautical performances at its two leading operations, Indira Gandhi International Airport, Delhi and Rajiv Gandhi International Airport in Hyderabad for the period ended 31 December.
Something extraordinary is taking shape at Hong Kong International Airport as a vast Airport City, newly named Skytopia, takes shape. The transformative development integrates commercial activities, culture, art trading, entertainment and leisure.
The Moodie Davitt Report was on location in Kuala Lumpur recently as Malaysia Airports hosted a challenging and forward-thinking conference for its concession partners followed by an exhilarating awards gala and ceremony inspired by the movie Crazy Rich Asians.
Brisbane Airport Executive General Manager Commercial Martin Ryan and Head of Commercial Property Development Toby Innes discuss the changes that lie ahead at the airport and the vision that underpins them.
Passenger traffic at Amsterdam Airport Schiphol edges ever closer to pre-pandemic 2019 levels but airside spending levels, especially on shopping, have been hit by building work designed to transform Lounge 1’s consumer offer.
Retail revenue was the star of the show as Gatwick Airport turned in a strong first-half financial performance, the +25.1% year-on-year rise outpacing solid +7.7% passenger growth.
Copenhagen Airports attributed a +6% rise in concession revenues to increased traffic but said the positive impact was partially offset by the closure of some food & beverage outlets and specialty shops due to the T3 expansion. Nonetheless, CEO Christian Poulsen painted an upbeat picture, noting: “The terminals are teeming with activity.”
Sales from commercial activities posted a +13.4% rise in the half with sales per passenger up by +2% year-on-year.
A well-attended, high-quality Australian Airports Association Retail & Commercial Forum concluded in Melbourne on Wednesday; we feature pictorial highlights.
The Australian Airports Association Retail & Commercial Forum honoured seven individuals and companies for their contribution to the industry on Tuesday night in Melbourne.
Around 320 guests have registered to attend alongside 30-plus exhibitors for the growing regional event.
