Fast, Factual, Free    Saturday 04 September 2010

FOREIGN EXCHANGE

Auckland Airport posts ‘resilient’ commercial results for full year

Source: ©The Moodie Report - 26/08/10

NEW ZEALAND. Auckland International Airport Limited today posted what it described as better than expected annual results for 2010. While retail income was down -9.0% over 2009 and retail income per international passenger fell sharply, the company said this was due to a combination of one-off factors, including the change to a dual duty free retailer model.

Airports of Thailand assists business partners as revenues plunge

Source: ©The Moodie Report - 16/08/10

THAILAND. Airports of Thailand has reported a -139.3% fall in profitability for the third quarter of its financial year to a loss of THB516.23 million (US$16.22 million), following the recent political unrest in the country which damaged tourism demand. The company has also spelled out a range of proactive measures it has taken to aid its airline and concessionaire partners during this difficult period.

Retail revenue growth buoys Fraport Group in first half of 2010

Source: ©The Moodie Report - 05/08/10

GERMANY. Fraport Group’s Retail & Real Estate division posted a solid +4.3% rise in first-half revenue, to €186 million, the company reported today. “Our Frankfurt home base generated net retail revenue per passenger of more than three Euros for the first time despite continuing difficult economic times," said group Chairman Dr Stefan Schulte. Frankfurt Airport’s revenue from shopping hit €41.9 million in the half, from €40.5 million a year ago.

Riga Airport issues tender for management of commercial space

Source: ©The Moodie Report - 28/07/10

LATVIA. Riga International Airport has issued a tender for a master concessionaire to oversee management of all commercial spaces at the airport. The contract will run for ten years and will cover duty free, speciality retail, food & beverage, currency exchange, car rental, business lounges, banking and other services.

JR/Duty Free, Travelex and HMSHost ring the changes in Christchurch

Source: ©The Moodie Report - 06/07/10

NEW ZEALAND. JR/Duty Free began its new concession at Christchurch International Airport – gateway to New Zealand’s South Island – on 1 July. Travelex has taken up operations as foreign exchange retailer and, in important breaking news, HMSHost has been awarded a major food & beverage tender.

MasterCard partners with Singapore’s premier integrated resort

Source: ©The Moodie Report - 22/06/10

SINGAPORE. MasterCard Worldwide has signed an agreement with Resorts World Sentosa making MasterCard the 'Preferred Card' at the premier integrated resort, which opened its doors in January. MasterCard will offer a range of cardholder incentives, seasonal marketing programmes and merchant offers.

Red-letter day at Sydney Airport as International Terminal expansion is celebrated

Source: ©The Moodie Report - 11/06/10

AUSTRALIA. Today was a red-letter day in New South Wales as Sydney Airport celebrated the expansion and upgrade of the International Terminal departures level. Sydney Airport CEO Russell Balding said: “It is a strategically important investment that will leave visitors with a positive and lasting impression of Sydney.” The revamped terminal includes one of the airport world’s most ambitious retail and food & beverage offers.