AUSTRALIA. Sydney Airport Corporation Pty Ltd (SACL) is seeking a foreign exchange operator or operators to develop and expand the airport’s foreign currency concession.
A portfolio of five bureaux located within the International Terminal (T1) on the Arrivals and Departures Levels with an existing sales dimension of over A$50 million (US$39.2 million) per annum is being put to tender,
SACL said that the Sydney (Kingsford Smith) Airport foreign exchange market is already one of the best in the world, and presents “a highly desirable and sought-after business opportunity”.
Sydney Airport generates around A$7 billion (US$5.5 billion) in economic benefit to its home state of New South Wales, SACL said. International visitors using the airport spend about A$2.6 billion (US$2.1 billion) annually in the Sydney area.
The airport is Australia’s international gateway and primary airport servicing New South Wales and the city of Sydney. It handles 29 million passengers annually, including 10 million international passengers in the year ended June 2006. These figures are set to double over the next 20 years, SACL said.
“Sydney Airport offers a unique and highly valuable opportunity for currency exchange operators to deliver its travel money service, directly to the primary user,” said SACL Chief Executive Russell Balding.
“Sydney Airport is a blue chip venue and offers exposure to a broad range of airport stakeholders, such as airlines, retailers and some 500 businesses on-site. A presence at Sydney Airport also offers a strategic branding medium for operators looking to extend and develop their presence within the local market.”
Enquiries with regard to this opportunity should be directed to Retail Services Co-ordinator Andrew Antoniou on +61 (02) 9667 6151 or by e-mail at Andrew.Antoniou@syd.com.au
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