GERMANY. Retail revenues rose by around +15% at Munich Airport in 2005, outstripping passenger growth.
Retail includes food & beverage, duty free and specialist retail and some service units such as foreign exchange. The airport runs its own duty free operations through its subsidiary Eurotrade.
Senior Vice President, Corporate Real Estate Management Rainer Beeck told The Moodie Report: “This was more than the passenger growth [nearly +7% – Ed] so it is very good. The driver of course was Terminal Two, though we are restructuring T1 with regard to retail facilities.”
The acclaimed T2 has a centralised retail concept in one main hall, but T1 works from a series of decentralised modules. Modules C and D were modernised in 2004 and this year A and B will be operative, with completion due by March 2007.
Reviewing last year’s performance Beeck said that duty free sales had increased strongly, driven by the growth in intercontinental passenger numbers while fashion also performed well.
NOTE: A full report on Munich Airport’s 2005 results and plans for the future will appear in the next issue of The Moodie Report print edition, out next month.
MORE STORIES ON MUNICH AIRPORT
Munich Airport ‘just keeps on growing’ – 02/02/06
Munich Airport boosts winter flight schedule – 28/10/05
Strong growth in long-haul routes and low-cost segment drives Munich Airport traffic – 12/10/05
