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New Business Approach Underlines Emergence of Airports as Attractive Business Centres24 May 2006
Airports are becoming profitable business enterprises based on the increasing revenues generated by non-aeronautical commercial activities, in particular, retailing, car parking and catering. This trend is opening up opportunities for airport management firms and other companies keen on expanding their businesses in the catchment area of airports.
Currently, due to the demand from air carriers for the reduction of charges and the unwillingness of governments to offer subsidises, airports can no longer rely solely on aeronautical revenues to generate the resources needed for infrastructural improvements.
"Here, commercial revenues from retailers, advertisements, ground transport and property development offer a huge boost to infrastructural investments and even to directly generate profits," notes Frost & Sullivan (http://www.aerospace.frost.com) Research Analyst Kamila Zlobinska
The growing diversification of airports' revenue sources reflects their stronger integration into the economies in which they operate. Airports have become attractive business centres and are supporting economic growth in the areas where they are located.
"The importance of non-aeronautical revenues is a good indicator of the new model of business-oriented airport operators entering the industry and the growing importance being given to customer service," says Ms. Zlobinska. "As a result, airports are now increasingly seen not only as air-service providers but also as potential providers of multiple commercial opportunities such as shopping and entertainment."
However, airport operators eager to succeed in the marketplace will have to demonstrate competencies in core airport operations, such as technical operations, facility management or safety, besides the management of traditional airport activities such as airport planning.
Ultimately, the challenge will be to build an organisation able to achieve better economic returns. Success in a globalised and highly competitive airport industry will require marketing and new business development skills beyond those that currently exist in the industry.
"An enhanced commercial approach will determine future industry development," says Ms. Zlobinska. "The establishment of more airport management firms, the expansion of capital expenditure and value chain deregulation will also influence the dynamics of the global airport industry in the long term."
If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the latest analysis of the World Airports - Financial Evolution and Market Dynamics, then send an e-mail to Srividhya Parthasarathy, Corporate Communications, at sparthasarathy@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. We will send you the information via email upon receipt of the above information.
World Airports - Financial Evolution and Market Dynamics is part of the Aerospace Subscription, which also includes research in the following markets: European MRO Markets, World Airport Perimeter Security Markets, Airport Privatisation, and World Commercial Aircraft Capacity and Growth. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com.
World Airports - Financial Evolution and Market Dynamics
B952- 22
Media Contacts:
Europe:
Srividhya Parthasarathy
Corporate Communications
P: +91-(044)-42044668
E: sparthasarathy@frost.com
Americas:
Tolu Babalola
Corporate Communications
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F: +1-210-348-1003
E: tolu.babalola@frost.com
India:
Samantha Unnikrishnan
Corporate Communications
P: +91-44-42044667
E: sunnikrishnan@frost.com
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Donna Jeremiah
Corporate Communications
P: +603-6204-5832
E: djeremiah@frost.com
Australia:
Sharmin Jassal
Corporate Communications
P: +61-2-8247-8900
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E: sharmin.jassal@frost.com
http://www.frost.com
List of keywords in this press release: airports, world airports, non-aeronautical commercial activities, aeronautical, airport management firms, airport catering, airport retailing, airport entertainment, airport parking, air carriers, airport infrastructure, airport revenues, airport operators, air-service providers, air passenger shopping, air passenger entertainment, airport operations, global airport industry, airport technical operations, airport facility management, airport safety, airport planning
List of key industry participants: Macquarie Airports, Infratil, BAA, Fraport AG Group, Schiphol Group, Vienna Airport, Vienna Airport, Abertis, Aena International, GMR, Aecon Group, AMB Property Corporation, Hines Air Property, HOCHTIEF, Acciona, Bechtel, Vinci, Ferrovial
Source: prnewswire
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