NEWS ROUND-UP Incheon eyes more arrivals shops in 2023
Incheon International Airport will unveil further arrivals duty free shops in 2023 on the conclusion of Terminal 2’s phased expansion programme,
TRBusiness
can reveal. The world’s leading airport duty free
operator is investing KRW4.2tn ($3.6bn) in an ongoing extension of the terminal to construct a new runway and lift the airport’s total passenger capacity to approximately 100m. “We will open other arrivals duty
free shops in 2023 after the post-phase construction of Terminal 2,” Dong-Ik Shin, Director of Concessions Planning Team, Incheon International Airport Corporation (IIAC) told TRBusiness in an exclusive interview. Further detail on the stores was not
immediately available, yet it is foreseeable the footprint could be larger than those won by Entas Duty Free and SM Duty Free. The retailers secured South Korea’s first duty free arrivals shops at Incheon Airport
having been shortlisted in March. At the time of writing, SM Duty Free was
due to unveil two shops over 380sq m at the eastern and western zones of Terminal 1, with Entas Duty Free starting operations at a single 326sq m unit at Terminal 2’s port of entry on 31 May. Both contracts run for five years with total sales tipped to reach circa KRW100bn
($80m) in the first year. Tobacco is excluded under current rules
permitting the operation of the stores and [unless legislation changes – Ed] those rules are expected to apply to future shops. The current purchase ceiling is $600,
but TRBusiness understands public demand could increase that threshold to up to $1,000 in the future.
Boulevard to transform retail at Florianópolis Airport
Up to 35 new retail and F&B units are set to arrive at Brazil’s Florianópolis International Airport as part of a development being undertaken by operator Floripa Airport. The R$20m ($4.9m) mixed-use
Boulevard 14/32 leisure complex is due to open alongside the airport’s new terminal on 1 October.
The commercial area itself occupies
3,500sq m as part of a total 11,000sq m footprint of indoor and open public areas featuring shopping, entertainment and dining options. Floripa Airport, a subsidiary of Swiss
concessionaire Zurich Airport, revealed Boulevard 14/32 last month. The architectural onus is being placed
on crafting ‘a contemporary, comfortable and humanised’ space, one which provides ‘unforgettable experiences to its visitors’, according to the operator. A covered central plaza with a stage joins
gastronomy, shopping, entertainment and service areas. Design cues emphasise a ‘dynamic,
wide and cool space,’ which is flexible and environmentally aware, with a wood- look lining and central roofs creating an abundance of natural light supported by
dynamic textures and colours. Tobias Markert, CEO, Floripa Airport
said: “Around the world, airports have expanded their structures for leisure and service spaces. “And did this, for two reasons: for the
passengers, it becomes a place already in the way, which guarantees economy of time; and for the general population, represents an option with excellent quality, easy access and [is] always open.” Separately, TRBusiness understands
Floripa Airport is finalising retail contracts for the new R$550m ($134.1m) passenger terminal, which spans 49,000sq m and has the capacity to handle 8m passengers per year. In October, the operator launched
a commercial tender for 44 packages (including 32 retail shops, 16 restaurants and other services) spanning over 4,000sq m.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74
