The growing focus on value-added services is one of the key growth drivers for this industry. Despite global economic threats, passenger traffic at airports in both advanced and emerging economies remained high, with annual growth rates exceeding historical averages. The continued recovery in manufacturing and foreign trade, as well as an increase in business sentiment, boosted this result, fostering confidence, investment, and growth in airports around the world. Though development has slowed recently, opportunities abound – and many airports are bucking the trend by investing in cutting-edge facilities and amenities in areas such as airport parking, shopping, and food and beverage.
Airport Non-aeronautical revenue is also an important part of an airport’s bottom line. This source of revenue helps to produce higher net profit margins while also providing airports with more income sources to diversify, which serves as a buffer during economic downturns when passenger numbers may drop or passenger spending may decline in one or more areas. In terms of non-aeronautical revenue, retail concessions, car parking, and real estate lead the way globally. As a revenue source, retail and food and beverage are both growing at the fastest rates, but there are regional variations. Airports will continue to invest in their existing retail areas while diversifying their revenue portfolio by generating new revenue sources – this has become a commonly accepted strategy for all airports, regardless of scale. Understanding passengers, their spending patterns, and the overall performance of the non-aeronautical sector will continue to be critical factors in airport financial growth.
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This research provides detailed information regarding the major factors influencing the growth of the Airport Non-Aeronautical Revenue Market in Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.
Some of the key players in this market include – Aena, Aeroports de Paris, Airport Authority Hong Kong., Airports of Thailand Public Co.,Ltd., Fraport AG Frankfurt Airport Services Worldwide, Heathrow SP Ltd., Japan Airport Terminal Co., Ltd., Kobenhavns Lufthavne A/S, Korea Airports Corporation., VINCI
Airport Non-Aeronautical Revenue Industry report provides study at global and regional level to provide comprehensive value market analysis for the years (2017 & 2018 – Historic Years, 2019 – Base Year and 2020-2027 Forecast Period). The Airport Non-Aeronautical Revenue Market research report is a wide-ranging study of current trends, market growth drivers, and restraints. Each market segment is broadly analyzed at a powdered level by region (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America) to provide thorough information on the global and regional level.
The Insight Partners Airport Non-Aeronautical Revenue Market Research Report Scenario includes:
The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at global and regional level in our final reports.
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