The Airports Council International Asia-Pacific & Middle East (ACI APAC & MID), the trade group representing over 600 airports across 44 countries and territories, today released its Travel Retail Study in the Post-Pandemic Era, revealing a fundamental shift in airport retail dynamics. The study points out that younger travelers are now driving spend, while passenger behaviour, rather than sheer traffic volumes, has become the defining factor of airport travel retail performance.
Mr. Nagy Abu Zeid, Oman Airports and Mr. Fariz Qisti, Malaysia Airports Holdings Berhad affirmed as Chair and Vice Chair of Regional Economics Committee.
Air cargo capacity is failing to keep pace with demand as economies begin the post-COVID rebuild and it’s a situation that’s set to continue well into the new year.
ACI Asia-Pacific today reiterated calls for globally consistent and harmonised testing protocols following the release of year-end figures showing higher than forecasted losses for the Asia-Pacific and Middle East airport sector.
Cargo volumes at Kempegowda International Airport, Bengaluru are gathering momentum with international cargo leading the recovery, following a prolonged slump due to the pandemic.
GMR Hyderabad Airport Cargo launched ‘Hyderabad Cargo Charter Circle (HC3)’
Australians are out exploring their own back yard in increasing numbers after figures out this week indicating passenger numbers at Cairns Airport at a four month high, and now exceeding 27,000 a week.
After almost four months since the suspension of on-arrival tourist visas, Maldives tourism industry has reopened with enhanced precautionary measures against COVID-19. The first tourists arrived this morning onboard Qatar Airways which landed in Velana International Airport (VIA).
The Airport Authority’s (AA) relief package for the airport community will continue in view of the prolonged impact of the COVID-19 pandemic. The waiver or reduction of various fees for the aviation industry announced in March this year will continue in July and August.
ACI World’s updated economic impact assessment forecasts a year-end revenue loss of -59% for Asia-Pacific airports and -53% for Middle East airports.
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