HONG KONG. Airport Authority Hong Kong has issued a tender for two foreign exchange concessions at Hong Kong International Airport.
Licence A covers ten units and Licence B covers nine units, with a mix of airside and landside opportunities. The units range in size from 4sq m to 55sq m.
The submission deadline is 8 August.
AAHK said this “presents a unique business opportunity for money exchange operators in this prestigious aviation hub in Asia”.
As reported, the incumbent is Travelex but this time around the Authority has opted for a dual-operator model, believing it will benefit passengers from a customer service perspective.
The contracts run for five years from the first quarter of 2018.
Just as it did for its duty free tender earlier this year, Airport Authority Hong Kong has consolidated the locations to make the opportunities more attractive to bidders.
It is understood that keen interest in the tender has already been shown by international operators during the Authority’s pre-tender marketing over the past few months.
Note to foreign exchange operators: The Moodie Davitt Report is the only international business media that devotes extensive coverage to the airport foreign exchange sector. All such stories since our launch in 2003 can be accessed via our drop-down menu under ‘Other Revenues’ on our home page. To advertise on these pages, please contact Sarah Genest by e-mail on Sarah@MoodieDavittReport.com
