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.
ACI Asia-Pacific released preliminary traffic data from 18 airports in major aviation markets in Asia-Pacific and the Middle East showing year-over-year passenger traffic decline hit -95% by the middle of April. Initial signals of recovery were reported from China with a gradual resumption of its domestic traffic and, to a lesser extent, from South Korea.
With the Government declaration of a state of emergency on Tuesday, 7 April 2020, in accordance with the “Act on Special Measures for Pandemic Influenza and New Infectious Diseases Preparedness and Response,” we have closed Runway B temporarily from Sunday, 12 April.
Airport Authority Hong Kong (AA) announced today a new round of relief package worth up to HK$2 billion, providing further support to airlines and aviation support services operators through helping to ease their liquidity pressure.
ACI Asia-Pacific is urging governments across the Asia-Pacific and Middle East region to swiftly implement relief measures to safeguard airport employment and connectivity.
With support from the Government, the Airport Authority (AA) today launched a new round of HK$1 billion relief package for the airport community in view of the continuing impact brought by the COVID-19 outbreak.
As the COVID-19 outbreak continues to unfold, ACI World has called for the alleviation of airport slot usage requirements.
ACI Asia-Pacific warns the prolonged duration of the COVID-19 outbreak will significantly set back the region’s airports from previously forecasted growth prospects.
Asia-Pacific and Middle East airport revenues are under tremendous pressure two months into 2020 amidst the impact of the COVID-19 outbreak, despite moderate growth in 2019.
Passenger traffic was steady in Asia-Pacific and the Middle East during November 2019, compared to the same month of the previous year, at +2.4% and +6.6% respectively.
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