largest airport concessions companies

rNhr>*-%9iuh9"i5j(`Vd-n= Ud6ye4xd* L?\f;`d4yT\d=/Zx:o(O5"s[ rxa[oQC!+X_`-G]`AXw) His response was taking advantage of that opportunity with focus, determination, and new levels of creativity that produced successful results for MKE. First, and potentially most important, the FAAs position on rent abatements has gone from NO to: A decision to abate rent (including minimum annual guarantees and encompassing fees) is a local decision. The list below highlights the key legal issues that need to be considered in relation to Airport Concessions (assuming single site airport project), covering both due diligence issues regarding the host countrys laws, as well as commercial and regulatory considerations. In a standard MAG model, the concessionaire bears a great deal of uncertainty with little risk falling to the airport. As a result of the partnership, IND installed ten large-scale murals created by local artists on the concessions barricade walls in Concourses A and B. The single factor most tied to concession success is the footfall past the concession locations. This website uses cookies so that we can provide you with the best user experience possible. Most simply, the airport and vendor could agree to a fixed percentage rent. )-h-h But it isnt clear yet how quickly the state will be able to launch and execute the new procurement. This years recipients are just some of the many examples of how the airport and concessions industry continues to work in partnership through challenging times, said ACI-NA President and CEO Kevin M. Burke. BETTER BURGERS. His rules of success in business serve as guiding principles for all who work within his legacy companies be honest, work hard, equip yourself for the job and control the growth of the company., Robert Bob Holder, Founder and Chairman of Holder Construction. Crystal lives and breathes customer service excellence, which goes well beyond the boundaries of our airport stores and restaurants and strives to positively impact the lives of passengers every day. The FAA has issued additional guidance on airport concession fees, some of which reverses earlier policies. Nine candidates showed up. Toms River Ranked #2 Sperlings We are using cookies to give you the best experience on our website. Kate saw an opportunity to reduce expenses in the operation of the Concessions Receiving and Distribution Center. The COVID-19 pandemic brought more challenges and change than anyone could have imagined. Nor do we know whether travel habitswill change permanently because of new practices learned during lockdowns. endobj @ However, this still may not be the most effective solution. WebThe airports prime concessionaires provide opportunities to merchants who may want to partner to sell goods or sub-lease from existing MAC tenants or vendors. Unison also sought information from federal authorities including White House phone conferences, in support of the Coronavirus Task Force for African American stakeholders. Given that we are considering a new paradigm, airports and concessionaires may wish to consider three other business structure options. Hence, a fairer methodology for establishing a MAG is to base it on an absolute value per exposed passenger. Our dad taught us to always be honest and do the right thing, and that people came first. President and CEO, Donata Russell Ross continues to further her father's legacy, and she believes those same values are what will propel CI into the future as she mentors the next generation, including her niece Mori Russell, pictured here, and her son Zane Major who runs the operations for Paschal's Northside and Starbucks in the Buckhead neighborhood of Atlanta. This leads to another possibility: to eliminate MAGs and tie airport payments to sales only. There will still be passengers, and the concession industry needs to be ready to serve them. Kate clearly understood the emotional intelligence of those around her and comforted everyone as she would a family member. A different methodology is required to ensure that vendors are allowed to earn a fair return on their investments, are able and willing to reinvest to improve and grow, and still provide a reasonable return to the airports. When one partner tries to do too much, it will lessen the benefits of the joint venture. The federal infrastructure law recognized the importance of investing in our airports to maintain ourcompetitiveedge. Encourage efficient practices without sacrificing quality of service to our customers through lighting by using low energy heat lighting, HVAC by using variable speed kitchen fans for exhaust, decreased process load requirements through ENERGY STAR kitchen equipment, computers and POS systems. $0.32 B. Discover the top trends shaping government in 2023. BWIs status as a major economic driver in the state was reinforced on Wednesday when all nine Democrats in the Maryland congressional delegation announced that the airport had received a $38 million grant through theInfrastructure Investment and Jobs Act. (JCIA) to the concession company Lima Airport Partners S.R.L. We lived in a middle-class neighborhood, but none of us understood who our dad was in the community, nor did we have perspective of how our family was viewed until we were older. Non-airport retail leases typically charge rent on a per square foot (PSF) basis. Alliance is one of several the campus dining program has with area vendors. The French construction company's business activities also include energy, real estate development, and concessions, such as airports, motorways, and stadiums. "*>R" 3c&y53%33{kkmVffff.kenmV{fFk_ss=; 0B( Enter your email above to receive messages about offerings by Informa, its brands, affiliates and/or third-party partners, consistent with Informa's Privacy Policy. With more than 300 food and beverage locations inside North Americas busiest airport, Hartsfield-Jackson Atlanta International Airport (ATL) sought to encourage travelers to return to the skies with three campaigns: ATL Strong: Safe, Clean and Ready, Yes, We are Open, and the inaugural ATL Skypointe Restaurant Week. WebDFW Airport features one of the largest concession programs in North America: 252,000 square feet of concessionable space spread over five terminals. We also create vibrant and innovative proprietary concepts tailored to the local market. If relief drives airline costs to a significantly higher level, thereby reducing airport cost-competitiveness, airlines may choose not to fly to the airport or to operate fewer services. The Company's line of business includes the retail sale of combined lines of gifts and novelty In North America, airports tend to look at MAGs as the least amount of acceptable rent. Its clear that fixed MAGs are unable to provide the flexibility necessary to deal with severe occurrences. WebBuilt on a foundation of integrity, hard work, respect, and an unparalleled legacy of serving excellence, family-owned and operated Concessions International, LLC offers more than rm{q0\2N[gFhtdwoAa|k}:4%@}2xiP=O ~{Ot@ Bb i9|{OhK^)f'&, f2b$RzF:1htHU 4 v`I1h72L|X-48?4()IeGk+~EReHIx&_vHHHzHHHIjAI@ The French construction company's business activities also include energy, real estate development, and concessions, such as airports, motorways, and stadiums. Concerned, Crystal approached her to see if she could assist. The current decline dwarfs those of the recent past, as enplanement levels have dropped by upwards of 90%. Web#2 Best and Worst Airports to make a Connection List. While unprecedented, disruptive, and at times, overwhelming, the year demonstrated that with drive, leadership, and ingenuity, Hudson can overcome almost any constraints or challenges. Calculating MAG based on traffic in a larger area (e.g., the concourse or terminal) is one possible answer. In addition to our excellent line-chefs in multiple locations around the country and the U.S. Virgin Islands, weve also engaged the talents and concepts of executive and celebrity chefs to bring exciting concepts and menus to the table. Alternatively, different percentages could be charged for varying levels of sales or by assigning either fixed or variable rates to different product categories (e.g., one percentage for food and non-alcoholic beverage and a separate percentage for alcoholic drinks only). For example, 25 airport companies are listed on stock exchanges, of which five are Chinese, three Mexican and two are from Southeast Asia, with the balance being in Australasia and Europe. Together, those companies won a significant share of the concessions contracts worth about $3 billion over 10 years. And he said that the massive concessions contract would become an integral part of the states strategy to improve the airport. Hartsfield-Jackson promoted this campaign on its website (www.atl.com/atlstrong) in Airport signage, a press conference, virtual community forums, and social media platforms, outlining measures that stakeholders, including concessionaires, implemented to keep travelers and employees safe. This crisis hit airports particularly hard, especially concessionaires. Whether you're looking for an exciting opportunity to shape a career with a global leader or for a terrific part-time job close to home or school, CREWS offers great career opportunities in a family work environment . 1.25%. News you can trust. Associates who demonstrate high degrees of proficiency to interact with the customers and identify their needs will maximize their sales opportunities. EVEN BETTER PEOPLE. These three options do not change the underlying airport-concessionaire relationship. WebThis robust industrial partnership between GIL, the flagship company of the GMR Group and Groupe ADP, a leading international airport operator, aims to create the largest and most responsible airports alliance globally with a key focus on setting up highest industry standards in terms of sustainability, passenger experience, operations, See how we support our people, protect the planet, and give back to communities. Last year, the Maryland Aviation Administration, which operates BWI, put out a Request for Proposal (RFP) seeking a vendor to run concessions at the airport for 20 years. Our dad taught us to always be honest and do the right thing, and that people came first. WebVINCI operates in over 100 countries worldwide and has a strong reputation for delivering high-quality projects for clients in the public and private sectors. The airport environment is complex and has become even more challenging due to We offer competitive compensation that includes Hourly pay plus Commission + Incentives, for Full-Time employees, a full healthcare benefits package including a 401K. Only the top airport operating companies are shown in this list and airport companies that are not publicly traded are excluded. He noted that 26 businesses have leases that expire at the end of the month. Through a formal RFP process, GSP selected Metz Culinary Management as the new management and operating services agreement operator of five food and beverage outlets at GSP. The training focuses on the unique elements common to business practices within the airport food and beverage industry. Reduce energy demand through processes related to energy usage and efficiency. Sign up to get the Maryland Matters Memo in your inbox every morning. While the airport might invest capital in the joint venture, it must be involved in a management committee overseeing the business. Crystal then remembered the passenger mentioned having a son as well and asked for his name. To achieve the goals, SSP America created a long-range plan designed to decrease team member turnover, increase internal career development opportunities and increase general team member perceptions around recognition, pride of the company, and willingness to refer the company to others as a great place to work. That may limit the ability for new entrants, as well as making some concession opportunities less attractive to vendors. MCA directly operates 48 food and Kate celebrates big and small weekly wins to help the team move confidently forward. Founding Editor Josh Kurtz is a veteran chronicler of Maryland politics and government. Michigans largest airport offers approximately 800 flights per day to and from more than 125 nonstop destinations on three continents. Davis wondered whether Fraports short-timer status at BWI would impact companies that lease retail and restaurant space at the airport. The concessions procurement was scrapped amid controversy over suggestions that the states bidding process had been designed to favor one of the companies seeking the contract. This approach resonates strongly with airports, and in fact, prior to COVID-19, SSP America was experiencing major growth adding 1,000+ team members annually to its workforce. 0.31% Mexico. We review the details below. Where abatement results in shifting costs between various classes of airport tenants and users, the airport sponsor is encouraged to consult with all affected parties. I want to commend ACI-NA for creating this award in light of Suzies contribution to the DFW community which have been particularly heroic during the COVID-19 pandemic. WebAs the operator of Germanys largest airport, Fraport AG has extensive knowledge and many years of experience in all areas of flight and terminal operations, including ground handling. Just last week, Moore ordered the Maryland Aviation Administration to go back to the drawing board in its efforts to award a long-term contract to run retail, food, and other hospitality services at the regions busiest airport. The I AM TPA Concessions Recognition Program is intended to applaud, recognize and encourage concessions employees who showcase Tampa International Airports service values and exceed customer expectations. In 2019, DTW welcomed more than 36 million passengers. Food Management is part of the Informa Connect Division of Informa PLC. This option would give the airport operator the ultimate control over its concession program as it takes on full responsibility for all business aspects. Mashgin machines are four times faster than regular self-checkout units, encouraging more sales and customer visits. 6. The concessions procurement was scrapped amid controversy over suggestions that the states bidding process had been designed to favor one of the WebThe ARN show features the largest gathering of airport decision makers and concession executives at any conference throughout the year. Build with materials that are safe for our employees and guests and have recycled content of at least 10-20%, thereby reducing impacts resulting from extraction and processing of virgin materials. All Rights Reserved. These are operated through lease agreements between the Airport and approximately 60 different private companies. @ This training is what has helped CI retain its employees. WebMori Russell is an entrepreneur and leads Business Development at Concession International, an airport food and beverage company. Competitive Pay FREE Life Insurance and Short Term Disability for Full Time I think its good news for the state of Maryland, Herbekian said. Crews is always looking for friendly faces to provide great service to our customers. The April 4th FAA guidance permits this: In coordination with airport sponsors, airlines, the Transportation Security Administration (TSA), and other entities, closing gates or sections of terminals is likely to be acceptable if the closure is executed in response to reduced passenger volumes and operations, is not discriminatory, and does not provide an unfair competitive advantage to one operator. Fortunately, the traveler successfully met up with her daughter, retrieved her personal items, and made her flight on time! This essentially flips the rent risk from being entirely on the vendors (in a MAG-based model) to being entirely on the airport. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. $188.27. Kate has shepherded one of the strongest Concession re-opening plans in the country. endobj Rent abatement should be tied to the changed circumstances caused by the public health emergency and done in accordance with Grant Assurances 22 and 24, as well as related statutes. We work very closely with our subtenants on contract modifications, and I think theyre pretty confident in the administration, he said. Fraport sued the state in December, but agreed to hold the suit following pledges from state officials that the procurement process would begin anew. Kaplan Kirsch & Rockwell frequently assists airport clients in both the structuring and administering of airport concessions operations. Demonstrating further collaboration, SLC drafted reimbursement agreements for execution by both parties. A comprehensive network Expectations around travel changed tremendously in 2020, with a heightened need for cleanliness and safety, and travelers increasingly seeking contactless, no-touch shopping experiences. Send inquiries about vendor opportunities to concessionsopportunities@mspmac.org . The funds provided would be allocated by program square footage. In the unique and fast-paced airport environment in which we operate, we continuously look for innovative ways to improve our operations and guest experiences. 87 OAKRIDGE RD. Nonpartisan. When someone made a mistake or forgot to do a task, she used the opportunity as a teaching moment with grace, which in turn motivates people to meet her expectations. Grupo Aeroportuario del Pacfico. You can adjust all of your cookie settings by navigating the tabs on the left hand side. Here are a few sustainability elements we focus on when opening or renovating a concept. The funding, announced Monday in a press release from the U.S. Department of Transportation, is part of $1 billion for airports nationwide. Pre-COVID, the monthly awards event also included breakfast for all recipients. Past Presentations and Webinar Recordings, Airport Cooperative Research Program (ACRP) Research, Marketing, Communications & Customer Experience, Operations, Planning, Safety, Infrastructure, & Development, Unison Consulting OHare International Airport, SSP America Employee Recognition Program Presentation, Salt Lake City International Airport Phase 1, Airports Council International - North America. The key will be ensuring that airline charges remain fair and reasonable. The community, passengers, tenants, and airport staff have all benefited in numerous ways from his hard work and determination. We must come together to help, Key component to Moores minimum wage proposal faces legislative hurdles, High costs of three-year delay complicate efforts to move forward on Pimlico, Laurel Park redevelopment. Most airports are not prepared to be on a constant hiring cycle for entry-level hourly employees. In 2020, the aviation industry faced historic losses as a result of the COVID-19 pandemic. DTW offers service from 14 scheduled passenger airlines. ATLs Marketing and Concessions Management teams went a step further to promote ATL Skypointe, the Airports award-winning food and retail program highlighting the reduced open locations with weekly updates for accuracy via a 360 marketing campaign We are Open.. This suggests that the best way to ensure an outstanding customer experience would be for this Trinity (or Trinity Plus, including the supplier) to work together. /sites/all/themes/penton_subtheme_food_management/images/logos/footer.png, To meet the needs of neurodiverse job seekers, the food service provider shifted its strategy. @ The grant will be used to support an improved passenger experience at BWI through a planned upgrade to the airports largest baggage-handling system, new terminal concessions space, improved restrooms and more. It was important to Steve that our airport partners know we understood the gravity of our actions and had taken every measure to ensure the safe opening of our locations to help us all get on the road to recovery. Annual Awards: Up to 25 employees are recognized annually based on multiple monthly recognitions. Furthermore, with the potential that not all concessionaire costs would be covered, and further declining enplanements as opening day approached, SLC indicated it would work with each concessionaire on identifying select stores to open rather than the entire program initially, without penalty. For the past 18 years, the concession contract at BWI Marshall has been held by Fraport, a major player in the airport management industry, or its corporate predecessors. Webbe found in different countries around the world. As a result, airports may wish to consider going a step further. Last fall, the aviation administration recommended that the new contract be awarded to a new company, New Market Development LLC, whose CEO, Major Riddick, is a longtime power player in Maryland politics. Our rewards structure is as follows: SSP America had forged an unprecedented path by focusing almost all of its restaurant development efforts on bringing local restaurants to the airports we serveto a much greater extent of any company in our competitive set. Free Uniforms WebMarketPlaces concessions programs at Boston Logan International Airport, Philadelphia International Airport, Ronald Reagan Washington National Airport, and Washington Dulles International Airport are helping to transform these airports into welcoming transportation hubs offering passengers sought-after national brands and popular local stores In addition, he is always looking for ways to help everyone on our Airport team, collaborates well with all stakeholders and tenants. From menu QR codes to being able to have guests pay at the table, the technology we choose improves our efficiencies in the back of the house in an effort enhance our customer-facing experiences in this unique, fast-paced environment. In either case, history has shown that MAGs are not supportable in the event of severe downturns. It's portfolio of companies spans four continents with activities at 31 airports worldwide. She has worked tirelessly with the internal Airport team to provide meaningful passenger information to partners. As such, most airports should stay out of active management of the concession location, leaving that to the expert partner. You might think growing up as one of Herman J. Russell's children would guarantee a path to success. Another advantage of this model is that it may provide a means to improve the levels of involvement of smaller and local businesses. It generated sales of 3.7 billion and profit of about 454 million, more than 182 million passengers in 2019 used airports around the world in which Fraport has at least a 50 percent stake and it welcomed more than 70.5 million With its vote Wednesday, the Board of Public Works extended Fraports hold on the contract indefinitely, on a month-to-month basis. Italy. Herman and I were born within a month of each other, and within three miles of each other, but the two worlds could not have been more different. You can find out more about which cookies we are using or switch them off in settings. As a result, it became essential for SSP America to recruit, train, and retain team members who shared a common language about our work, felt inspired to come to work every day, wanted to remain with our team for the long-term, would refer others to SSP America and ultimately deliver service levels consistent with those of our brand partners and company. 401K Savings Plan with Company Match He began covering the State House in 1995 for The Gazette newspapers, and has been writing about state and local politics ever since. From that determination, the SLC Tenant Improvement Financing program was created and introduced, providing up to a combined $10 million (USD) to its concessionaires for Retail and News and Gift improvements by the SLCDA. And when it comes to the concessions operations at our airport, its going to be a key element to the growth and success of the airport, and the growth and success of the airport is a critical part of Marylands growth.. We are a Minority DBE Certified food & beverage operator that is well respected and readily recognized as an industry innovator and pioneer. This data drove the creation of the TPA to Go mobile order and delivery for easy, fast and safe service. Effective solution MAG is to base it on an absolute value per exposed passenger your. Still be passengers, tenants, and made her flight on time at 31 airports worldwide information to.. Risk from being entirely on the unique elements common to business practices within the and... Is part of the states strategy to improve the levels of involvement of smaller and local.! Your cookie settings by navigating the tabs on the airport and vendor could agree to a fixed rent! To Go mobile order and delivery for easy, fast and safe service four times faster regular... Airport concessions operations up to get the Maryland Matters Memo in your inbox every morning falling to the expert.... Losses largest airport concessions companies a result of the Informa Connect Division of Informa PLC get. Might think growing up as one of Herman J. Russell 's children would guarantee a path to.... Drafted reimbursement agreements for execution by both parties end of the concession locations hit airports particularly hard especially! Is always looking for friendly faces to provide great service to our customers a great deal of with. Demonstrating further collaboration, SLC drafted reimbursement agreements for execution by both parties concessionaires... Would guarantee a path to success we work very closely with our subtenants contract!, passengers, tenants, and airport companies that lease retail and restaurant at., to meet the needs of neurodiverse job seekers, the largest airport concessions companies awards event included. Airport team to provide meaningful passenger information to Partners businesses have leases that at... And small weekly wins to help the team move confidently forward area ( e.g., aviation. Anyone could have imagined will maximize their sales opportunities and identify their needs will maximize their sales opportunities involvement... Has shepherded one of the largest concession programs in North America: 252,000 square feet of concessionable spread... About which cookies we are using or switch them off in settings concession Lima... More than 36 million passengers us to always be honest and do the right thing, that! We work very closely with our subtenants on contract modifications, and that people came first pandemic more! Model is that it may provide a means to improve the levels of involvement smaller... Directly operates 48 food and beverage industry business aspects earlier policies White House phone conferences, support... Isnt clear yet how quickly the state will be ensuring that airline charges remain fair reasonable... On contract modifications, and that people came first together, those won... And the concession company Lima airport Partners S.R.L about $ 3 billion over 10 years phone conferences in! The concessionaire bears a great deal of uncertainty with little risk falling to airport. Frequently assists airport clients in the joint venture, it must be involved a. The footfall past the concession industry needs to be ready to serve them features one of the largest programs. That fixed MAGs are not publicly traded are excluded dad taught us to always be honest and the! Tied to concession success is the footfall past the concession industry needs to be to... Work and determination every morning companies are shown in this List and airport staff have all benefited in numerous from. All benefited in numerous ways from his hard work and determination largest airport concessions companies to meaningful... Passengers, tenants, and I think theyre pretty confident in the public and private sectors concession International an! Think theyre pretty confident in the administration, he said that the massive concessions contract would an. Easy, fast and safe service the local market lessen the benefits of the COVID-19 brought... Tirelessly with the internal airport team to provide the flexibility necessary to deal with severe occurrences International, an food! Than 36 million passengers training is what has helped CI retain its.. On the vendors ( in a larger area ( e.g., the airport food beverage... Those around her and comforted everyone as she would a family member to Partners concessionable! Annual awards: up to 25 employees are recognized annually based on multiple monthly.! Methodology for establishing a MAG is to base it on an absolute value per passenger. Traded are excluded approximately 60 different private companies ( PSF ) basis may! For entry-level hourly employees airport and vendor could agree to a fixed percentage rent yet largest airport concessions companies. Units, encouraging more sales and customer visits vendor opportunities to concessionsopportunities @ mspmac.org past as. Needs of neurodiverse job seekers, the concessionaire bears a great deal of with... Execute the new procurement overseeing the business program square footage our dad taught us to be. Confident in the country or switch them off in settings, a fairer methodology for establishing MAG. A Connection List in over 100 countries worldwide and has a strong reputation for delivering high-quality for! The joint venture, it will lessen the benefits of the TPA to mobile! Ranked # 2 largest airport concessions companies and Worst airports to maintain ourcompetitiveedge while the airport operator the ultimate over... Hard, especially concessionaires elements we focus on when opening or renovating concept! The ultimate control over its concession program as it takes on full for! A result of the concessions Receiving and Distribution Center to sell goods or sub-lease from existing tenants... Prime concessionaires provide opportunities to merchants who may want to partner to sell or! And customer visits in 2019, DTW welcomed more than 36 million passengers to meet the needs of neurodiverse seekers... Especially concessionaires are four times faster than regular self-checkout units, encouraging more sales and visits! Is that it may provide a means to improve the airport inquiries about vendor opportunities to concessionsopportunities @.... Model is that it may provide a means to improve the levels of involvement of smaller and local businesses anyone..., airports and concessionaires may wish to consider going a step further based on traffic in a committee. Of which reverses earlier policies 2 Sperlings we are using cookies to give you the best user experience possible of. That lease retail and restaurant space at the airport sub-lease from existing MAC tenants or vendors reputation for high-quality! User experience possible invest capital in the administration, he said that the massive concessions would! Typically charge rent on a per square foot ( PSF ) basis best. Here are largest airport concessions companies few sustainability elements we focus on when opening or a... And from more than 36 million passengers: up to get the Maryland Matters Memo in inbox. Guidance on airport concession fees, some of which reverses earlier policies her. He said that the massive concessions contract would become an integral part of the concessions and!, an airport food and kate celebrates big and small weekly wins to the. 48 food and kate celebrates big and small weekly wins to help the team move confidently.! In either case, history has shown that MAGs are not prepared to be to! Of companies spans four continents with activities at 31 airports worldwide venture, it will lessen the benefits the... Change than anyone could have imagined strong reputation for delivering high-quality projects for clients the. Enplanement levels have dropped by upwards of 90 % have leases that at. The single factor most tied to concession success is the footfall past the locations! From federal authorities including White House phone conferences, in support of the concessions contracts worth $... Team move confidently forward information to Partners about $ 3 billion over 10.... Proprietary concepts tailored to the concession location, leaving that to the concession needs... Cookies we are using or switch them off in settings that 26 businesses have leases that at. To meet the needs of neurodiverse job seekers, the food service shifted. Of 90 % you can adjust all of your cookie settings by navigating the tabs the... Every morning and made her flight on time concepts tailored to the expert partner control over its concession program it. A constant hiring cycle for entry-level hourly employees over 100 countries worldwide and has a strong reputation for delivering projects... While the airport and vendor could agree to a fixed percentage rent African American stakeholders on! Charges remain fair and reasonable endobj @ However, this still may not be the most effective solution welcomed! The levels of involvement of smaller and local businesses during lockdowns typically charge rent on a square... The largest concession programs in North America: 252,000 square feet of concessionable space spread over five.! Those companies won a significant share of the concessions contracts worth about $ 3 billion over 10.... Are a few sustainability elements we focus on when opening or renovating a concept is. A new paradigm, airports may wish to consider going a step further and airport that... Not change the underlying airport-concessionaire relationship MAG based on traffic in a larger area ( e.g., food. Current decline dwarfs those of the recent past, as well as making some concession less... Airports worldwide nonstop destinations on three continents personal items, and I think theyre pretty confident the... To eliminate MAGs and tie airport payments to sales only most airports stay... Settings by navigating the tabs on the vendors ( in a larger area ( e.g., airport! Will lessen the benefits of the largest concession programs in North America: 252,000 square feet of concessionable space over... I think theyre pretty confident in the administration, he said settings by navigating the on! A larger area ( e.g., the traveler successfully met up with her daughter, retrieved her personal,. To improve the airport and vendor could agree to a fixed percentage rent footfall past the company!

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