Airports’ non-aeronautical revenues set to take off by 50%

And you’ll never guess what’s driving this growth.

It’s the sales that retail and duty free outlets in airports are achieving. 62% of respondents said this is their biggest non-aeronautical revenue generator currently and is also the area seeing the fastest growth.

According to a release, Transport IQ, along with the 7th Annual Maximising Non-Aeronautical Revenue through Airport Services Summit recently conducted a survey with 2,070 travel retail and airport professionals. The results point unanimously to the fact that airports worldwide are intending to grow their non-aeronautical revenues from the current 20-40 percent to a high of above 50 percent.

Its findings also demonstrate that airports are increasingly becoming tech-savvy, with nearly 90% of respondents indicating that they are already using, or are looking to use, social media to promote their non-aeronautical revenues.

34.6% of respondents mentioned that non-aeronautical revenues currently makes up between 20 to 30 percent of their airport revenues. 46.2 % however mentioned that their target is 50% in 5 years.

Photo credit: CmdrGravy

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