WHAT CAN AIRPORT RETAIL LEARN FROM THE HIGH STREET

By Andy Morris, Associate Director, Egremont Group

As featured in Airport World

Commercial revenue contributes an increasingly valuable proportion of an airport's income. In 2010 the split between aviation and commercial revenue for UK airports was 55.6% to 44.4%. Despite 2010 being the third consecutive year of falling passenger numbers, overall airport revenue has increased by 29% to £3.77bn since 2006. Yet before we congratulate ourselves on a retailing sucess story, a closer look at the data tells us that the increase is down to aviation revenue growth. So commercial revenue is either the weaker partner reflecting a general European and North American retailing recession story or it is the Cinderella story of airport revenues. Click on the article on the right hand side to read on and decide for yourself which is true.