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Airports See Fast Growth in the Retail and Duty Free Sector

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2011-07-26 15:08 

 

SINGAPORE, July 26, 2011 /PRNewswire-Asia/ — Transport IQ, along with the 7th Annual Maximising Non-Aeronautical Revenue through Airport Services Summit  recently conducted a survey with travel retail and airport professionals. The results point unanimously to the fact that airports worldwide are intending to grow their non-aeronautical revenues from the current 20-40 percent to a high of above 50 percent.

Driving this growth is the sales that retail and duty free outlets in airports are achieving. 62% of respondents said this is their biggest non-aeronautical revenue generator currently and is also the area seeing the fastest growth.

Its findings also demonstrate that airports are increasingly becoming tech-savvy, with nearly 90% of respondents indicating that they are already using, or are looking to use, social media to promote their non-aeronautical revenues.

The 7th Annual Maximising Non-Aeronautical Revenue through Airport Services Summit to be held on the 6 and 7 of October will discuss creative solutions to capitalise on the current upturn in the market and further increase non-aeronautical revenues.

Log on to www.airportrevenuesummit.com (link to http://www.airportrevenuesummit.com/Event.aspx?id=539252&mac=MPPRNWPR ) for the complete survey results and list of topics and speakers at the event.

To register, send an email to enquiry@iqpc.com.sg

About IQPC Worldwide:

For over thirty years, IQPC has helped the world’s leading corporations solve their business challenges through the sharing of practical industry solutions and global best practice. In the process, the company has built a formidable reputation for quality and value. The world’s most progressive companies have benefited from IQPC’s unrivalled global reach, which has connected international expertise with regional and local leaders.

Media contact:

Joyce Shi
Tel: +65-6722-9446
Email: joyce.shi@iqpc.com.sg

 

SOURCE International Quality & Productivity Centre (IQPC)

Written by asiafreshnews

July 28, 2011 at 2:25 pm

Posted in Business & Finance

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