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Operating non-aeronautical revenues - Airport operating income a stopover, on the same or different aircraft identified by the same airline designator and flight number. Everyone's talking about how to enhance non-aeronautical ... Non-Aeronautical Revenue . Non-Aeronautical Revenues. İGA eyes lift in non-aeronautical revenue's share of total ... This paper utilises Adelaide Airport operations as a case study and investigates the various factors potentially impacting non-aeronautical revenue in this context. As against this, the revenue mix at Airport Authority of India . 17.12. The appeal of airport assets is linked to them generally being long life assets with relatively low demand risk and high growth potential, stable and predictable cash flows, and with a diverse range of revenues from both aeronautical and non-aeronautical sources. Airports Are Making More Money Than Ever on Non ... playing an increasingly important part in the revenues of airport. ACI World's data analysis of airport-related non-aeronautical revenue generation is examined. Diversifying Airport Revenue through Non-Aeronautical Land Development. Non-Aeronautical. A global economic report from the ACI for 2018 showed that 56% of revenues came from "non-aeronautical revenue", with 40% coming from non-aeronautical sources - for example, retail and car parking deliver 30% and 20% of revenues respectively. The focus on non-aeronautical revenue is a big change. Airport Non-Aeronautical Revenue Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Growing Emphasis On Value-added Services to Boost Market Growth | Technavio Business Wire LONDON . Aeronautical revenues are those sources of income that arise directly from the operation of aircraft and the processing of passengers and freight. The Middle East is the strongest area for such revenue generation; Africa the weakest. The modern airport operator is a complex business, recognising the value of harnessing data to grasp the tastes and preferences of passengers to deliver a return on customer experience. COVID-19 SPOTLIGHT. port delves into different elds of non . Summary. This report emphasizes the non-aeronautical revenues of airports that are. using nonaviation revenues to subsidize aeronautical activities since it reduces the economic impact on aviation users and the aviation public. (See chapter 15 of this Order, Permitted and Prohibited Uses of Airport Revenue, for guidance on revenue use requirements.) A sponsor may only use its airport revenue for airport capital and operating costs and certain other facilities directly and substantially related to air transportation, as permitted by 49 U.S.C. Aim As non-aeronautical revenues are a key contributor to the financial success of airports, the course will increase participant knowledge in regards to global best practices to optimize revenue development. Non-aeronautical revenues are those generated by activities that are not directly related to the operation of aircraft, notably those from commercial activities within the terminal like retail, food and beverage, and rents for terminal space and airport land New non-aeronautical revenue streams are critical to airport recovery from the COVID-19 pandemic. Executive Summary. COVID-19's impact on the airline industry is a reminder of the importance for all airports, regardless of size, of having a formal non-aeronautical land development plan that is implementation-ready and in support of financial self-sustainability. The long-term non-aeronautical leasing generates a variable annual income of $4,008,911 for the airport. The first priority during this upcoming ramp-up in traffic will be for airports to focus their marketing attention on attracting new airline capacity to their airport. Chart 1: Evolution of airport revenues by distributional share (2005-2017) Determine your airport's position in the competitive airport landscape Design and implement an effective route development strategy Formulate a comprehensive commercial strategy to boost non-aeronautical revenue Find synergies between your aeronautical and non-aeronautical profit sources Evaluate new and alternative revenue streams Fair market fees for use of the airport are required for nonaeronautical use of the airport and are optional for non-airfield aeronautical use. Joe Bates 11th May 2021. Consumer behaviors and new airport technological improvements accelerated by the pandemic have created an opportunity to reimagine the future of non-aeronautical revenues: one that leverages the advent of digital technologies and is less dependent on traffic growth to drive revenues. Global airport revenues grew 6.2% to reach US$172.2 billion while passenger traffic grew 7.5%. Based on ACI's Airport Economics Survey, non-aeronautical revenue share, which was estimated at 43.1 per cent in 2005, was recorded at 39.9 per cent in 2017. •Historical information from Airports Authority; forecasts from Leigh Fisher's Feasibility Report, dated September 9, 2011. Here are 5 ways our client airports are using our technology to generate more non-aeronautical revenue. David Freedman is the Senior Vice President and Chief Revenue Officer. For aviation, global recovery to 2019 levels is projected to take several years, into 2023 for markets with significant domestic air . This re-. If an airport tenant pays an aeronautical rate for a hangar and then uses the hangar for a non-aeronautical purpose, the tenant may be paying a below-market rate in violation of the sponsor's obligation for a self-sustaining rate structure and FAA's Revenue Use Policy. §§ 47107(b) and 47133. Non-aeronautical revenue - an under-valued potential With several years of stellar growth under its belt, commercial revenue has always been the bright star for airport income. A focus on non-aeronautical operations and revenue growth is crucial for airports today. ACI's Research Report: Does passenger satisfaction increase airport non-aeronautical revenue? In the seven years period, both aeronautical revenues and non-aeronautical revenues followed a fluctuating course. Airports Council International (ACI) World today published its annual Airport Economics Report, based on 2018 figures, with non-aeronautical revenues contributing 39.2% of all income to the sector. In recent years the sector has become more complex and diverse. ACI's Economics Report found that global industry revenue grew by +4.3% to reach US$178.2 billion in the year, but that revenue per passenger . Airport revenue is usually classified into two main categories, aeronautical and non-aeronautical revenues. Parking is one significant source of airport revenue that is seeing an impact from cultural trends. Airport Revenues Non-aeronautical sector revenues reached $63.5bn in 2016* Non-aeronautical sector usually more profitable Contribution to EBIDTA significantly higher Global airport revenues (2016) $161.3bn * ACI Economics Report 2017 - Published June 2018 Non-Aeronautical Sector Aeronautical . 1. The need for airports to further develop non-aeronautical revenue continues to be a major concern for worldwide, privatised and commercially focused airports. Lastly, non-aeronautical revenues are an integral part of the airport business and indispensable to the ever-evolving concept of passenger experience. Prior to 2012, this figure stood at 45%. Industry revenue grows, but revenue-per-passenger flattens CA+ is the ground-breaking solution for controlling, managing and boosting airport non-aeronautical revenues. (See chapter 15 of this Order, Permitted and Prohibited Uses of Airport Revenue, for guidance on revenue use requirements.) It is recognized within the industry that a happy passenger is more likely to be a spending passenger, and so it can be argued that an airport's revenue strongly relies on securing a high-quality passenger experience. it is recommended that, with the exception of concessions that are directly associated with the operation of air transport services, such as fuel, in-flight catering and ground handling, non-aeronautical revenues be fully developed, while keeping in mind the interests and needs of passengers and the public, and ensuring terminal … Pressure on passenger-driven non-aeronautical revenues. playing an increasingly important part in the revenues of airport. The publisher has been monitoring the airport non-aeronautical revenue market and it is poised to grow by $26.25 bn during 2021-2025, progressing at a CAGR of about 7% during the forecast period. Airport Non-Aeronautical Revenue Market Trends, Insights, Analysis, Forecast 2020 - 2027 and Key Players - Department of Aviation, Korea Airports Corporation, Metropolitan Airports Commission . According to ACI World, the share of non-aeronautical income in total airport revenue is currently at 39.9%. Global airport revenues grew 6.2% to reach US$172.2 billion while passenger traffic grew 7.5%. Other non-aviation business services. ; The Middle East also accounts for the highest collection in retail concessions per passenger. Major new tenant for Brisbane's fast growing Airport City. Based on data from ACI's Airport Economics Survey (see Chart 1), it is worth underlining that non-aeronautical revenues (net of non-operating items) share was estimated at 43.1% in 2005 but went down to 39.9% in 2017. Non-aeronautical revenues continue to be a vital component of an airport's bottom line. The airport industry, which is heavily regulated, has shown interest in improving performance by increasing non-aeronautical revenues (NAR) to cope with changes in the aviation environment, including trends toward liberalization and privatization. Table 2 Classification of airport revenue sources Total revenues Aeronautical or Non-aeronautical or traffic revenues commercial revenues Landing fees Rents or lease income (from airlines Airport air traffic control and other tenants) charges Recharges to tenants (for electricity, Aircraft parking, hangerage and water, cleaning, etc) picketing . Distribution of non-aeronautical revenue by source (2016) Source: ACI Airport Economics Survey (2017) Retail concessions 28.8% Car parking 20.5% Property and real estate revenue or rent 15.0% Rental car concessions 6.3% Food and beverage 5.1% Utility recharges 3.0% Advertising İGA eyes lift in non-aeronautical revenue's share of total income. As of 2019, non-aeronautical revenues contribute around 40% to the overall structure of airport revenues on the global level. Excludes enplaned passengers on general aviation and military flights. ACI's Economics Report found that global industry revenue grew by +4.3% to reach US$178.2 billion in the year, but that revenue per passenger . Istanbul Airport operator İGA Havalimani İşletmesi has identified increased commercial revenue per passenger as a positive to have emerged from the Covid-19 crisis. He is responsible for growing both aeronautical and non-aeronautical revenue while overseeing air service and all aspects of revenue generation including the airport's business development, ground transportation, parking and properties departments. NEWS, NON-AERONAUTICAL REVENUES. Al Bulooki said: "On average at most airports, non-aeronautical revenues make up for around 20 to 25 per cent. That income can be divided into two components: aeronautical and non-aeronautical. Fair Market Value. A sponsor may only use its airport revenue for airport capital and operating costs and certain other facilities directly and substantially related to air transportation, as permitted by 49 U.S.C. The list of tenants at Brisbane Airport (BNE) will soon include the world's largest distributor for home-brewing brands such as Still Spirits, Mangrove Jacks, and Grainfather following the sod-turning ceremony for a new . Fair market Airport Revenue Management 1. confidential Non-Aeronautical Revenues Control, Manage and Boost 2. Developing this area of airport operations has become even more important during economically challenging. Using KLIA as an example 1. The revenue was comprised of 55.8% aeronautical revenue, 39.9% non-aeronautical revenue and 4.3% non-operating revenue; Fifty-five per cent of every aeronautical dollar was generated from passenger-related charges Indeed, an increase of 1% in the global passenger satisfaction mean, as defined by the Airport Service Quality (ASQ) Survey, generates on average a 1.5% growth in non-aeronautical revenue. "What really drives non-aeronautical development is the airport's quest to maintain a low-cost structure for airlines," stresses Ken Buchanan, executive vice president of Revenue Management . (i.e. It's time for airports to fight back. Consequently, measurements of nonaviation activities are an important indicator of an airport's performance. §§ 47107(b) and 47133. Explain aeronautical and non-aeronautical charges The revenue e. According to ACI, total airport revenues fell by 35 percent worldwide in Q1 2020 (equivalent to $14 billion) and by 90 percent in Q2 2020 (equivalent to $39 billion). Aeronautical revenues accounted for 54.6% of all revenues in 2008, up to 61.8% in . As a result, a growing number of airports are turning toward the next-largest airport revenue stream to fund growth - non-aeronautical opportunities. Airports are increasingly focusing on non-aeronautical revenue to deal with the unpredictability of the airline business cycle. Airport finance.ppt 12 Airports operate either on a single-till or a dual-till model Aeronautical revenue Non- aeronautical revenue Aeronautical costs (e.g., runway repair) Non- Non-aeronautical Revenue: Where The Real Growth Potential Lies By Perry Graham Airport revenues continue to trend upwards as global passenger traffic reaches record levels, according to the 2018 ACI Airport Economics Report. Global non-aeronautical revenue per passenger was US$7.08. Sample 1. Retail concessions remain the largest source of non-aeronautical revenue for airports at 30.2 per cent. Airports in the U.S. have traditionally derived about 60% of their revenue from aeronautical charges (i.e . Non-aeronautical revenue critically determines the financial viability of an airport, as these revenue sources tend to generate higher profit margins in comparison with aeronautical activities, which are mostly cost-recovery. This report emphasizes the non-aeronautical revenues of airports that are. ; Globally, just less than 40% of airport revenues in 2016 were generated from non-aeronautical sources. This re-. Aeronautical revenues in China's Guangzhou airport grew 8.7 percent whereas non-aeronautical revenue grea 28.2 percent in the same year, according to the report. Our report on airport non-aeronautical revenue market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges . 1. 1. In the United States alone, the proportion of non-aeronautical revenues such as duty free shops and lounges accounted for 44.8 percent of the total airport revenues in 2012. Table 1 shows the breakdown of airport activities by revenue sources. Research shows that when overall satisfaction levels rise, non-aeronautical revenue grows as well Why? Airport Non-Aeronautical Revenue Market Analysis and Insights: The Global Airport Non-Aeronautical Revenue market is anticipated to rise at a considerable rate during the forecast period, between . Aeronautical revenues are collected from such Despite the disastrous impact on worldwide airport commercial revenues, the Turkish airport operator has . Retail concessions remain the largest source of non-aeronautical revenue for airports at 30.2%. •#25 - Airport revenues . aeronautical revenue means revenue from all regulated charges levied at the Airport i.e., Landing Fees, Parking and Housing Fees, PSF ( Facilitation) and User Department fees. •Limits FAA's authority to "directly or indirectly regulate" non-aeronautical property transactions at an airport, except: •to ensure the safe and efficient operation of aircraft or the safety of people and property on the ground, View Aeronautical and Non Aeronautical Charges.docx from COLGIS BPMG3093 at Northern University of Malaysia. e. At Abu Dhabi International Airport, more than 50 per cent of revenue comes from . Car parking revenue and property revenue/rent are the second and third largest sources of non-aeronautical revenues at 20.1 per cent and 15.0 per cent respectively. They need to comply with the same reporting standards 10 For more detail please see: Zenglein, M. et al (2007), Performance Measurement of Non-Aviation Revenue in the Airport Business, GAP Discussion Paper 02. According to the Airports Council International-North American Concessions Benchmarking Survey, non-aeronautical revenue reached almost $8.2 billion in 2013, or 45% of total operating income. This is based on the analysis of the ACI ASQ annual global survey carried out at over 300 airports. The airport non-aeronautical revenue market is segmented by service (Concessionaires, parking & car rentals, land rental, terminal rent, and other services) and geography (APAC, North America . 40% of all revenue made by airports was Non-Aeronautical revenue. Car parking revenue and property revenue/rent are the second and third largest sources of non-aeronautical revenues at 20.1% and 15.0% respectively, the study showed. The initial idea for developing a non-aeronautical revenues business in airports over the past two decades had been driven by a need to lower dependence on aeronautical revenues, especially in the era of low-cost carriers. port delves into different elds of non . The course will aim to emphasize the opportunities available to airport managers to enhance nonaeronautical and through third-party services. •Includes both revenue and non-revenue passengers on domestic and international flights. IATA can advise airports, airport investors and governments on a deeper level how to maximize non-aeronautical revenues, providing end-to-end solutions, from the development of business strategies down to implementation: Non-aviation performance assessment ; Retail strategy, design and planning Airports Council International (ACI) World today published its annual Airport Economics Report, based on 2018 figures, with non-aeronautical revenues contributing 39.2% of all income to the sector. Car parking revenue and property revenue/rent are the second and third largest sources of non-aeronautical revenues at 20.1 per cent and 15.0 per cent respectively. Aviation is big business, with global airport revenues hitting $131 billion in 2013, a 5.5% increase over the previous year, Airports Council International (ACI) reported in 2015. Direct transit passengers are counted only once. Non-aeronautical revenue—airport revenue from sources other than airlines—typically includes retail concessions, 1 car parking, and property and real estate. "The non-aeronautical revenue share further increased to 57% in FY2021 due to higher impact of pandemic on aeronautical revenues. Airport Non-Aeronautical Revenue Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. In 1990, less than a third of these airports were looking to tap the wallets of non-passengers as a way to balance out the revenue stream . Time-limited discounts Few things excite a potential customer more than an offer with a time limit on it. This is an exclusive CAPA model focusing on the growth of aeronautical revenues, and complemented by input from Paccaya Resources on the non-aeronautical areas. The urgency that it creates is often too tempting not to take advantage of before the offer expires. Customer experience execution is crucial, since the best way of increasing non-aeronautical revenues is to increase the customer satisfaction. CA+ provides facilities to manage concession an. In 2008, non-aeronautical operat- ing revenues represented approximately 47% of total oper- ating revenues ($151 million); however, because Savannah/ Hilton Head is a destination airport, there is a large compo- nent of non-aeronautical that is passenger-dependent (FAA: AAS-400: CATA: Report 127). flights that contain one or more international flight stages) where formalities The revenue was comprised of 55.8% aeronautical revenue, 39.9% non-aeronautical revenue and 4.3% non-operating revenue; Fifty-five per cent of every aeronautical dollar was generated from passenger-related charges Retail concessions remain the largest source of non-aeronautical revenue for airports at 30.2 per cent. This source of revenue tends to generate higher net profit margins, whilst providing airports with more diversification of income streams which then serve as an additional cushion during economic downturns where passenger numbers may drop or passenger spend may decrease in one . ACRP Research Report 225: Rethinking Airport Parking Facilities to Protect and Enhance Non-Aeronautical Revenue is a guidance document that identifies near-term and long-term solutions to help airports of all types and sizes repurpose, renovate, or redevelop their parking facilities to address the loss of revenue from airport parking and other ground transportation services. Non-aviation activities have become increasingly important for airports. "In addition to the off-site commercial real estate, our general aviation acts as a . is a tool for airports in their efforts to analyze, target and raise non aeronautical revenue. estimating non-aviation revenue. But lack of a common definition and variations in data availability as well as limited transparency make interpreting such performance problematic. people stop flying, non-aeronautical revenue, derived from airports' parking facilities, restaurants, or duty-free, also plummets. non-aeronautical revenues - government, city & state official, airport employee, airline employee rate The event platform will enable you to watch sessions live and interact with the speakers, panels and Q&As in real-time as if you were in the room with them. Because happier passengers are more likely to buy and spend more on average Source: DKMA Airport Retail and F&B Survey An airport's most satisfied passengers Than passengers who are the least satisfied Spend 10% more time at the airport Based on 1 documents. 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