29-Aug-2005 8:46 PM
Sydney Airport to go to market for Australia's largest Duty Free contract
Analysis
SYDNEY (Sydney Aiport) - Sydney Airport will be offering its AUS$220M per annum Duty Free & Tax Free Contract in the market place early next year for a new contract commencement date of 1st November 2006
The contract has been held by The Nuance Group since it acquired Downtown Duty Free in the mid 1990s and expires 31 October 2006.
Sydney Airport Corporation's Executive Chairman and Chief Executive, Mr Max Moore-Wilton said that the Airport 'has an excellent working relationship with Nuance', its current operator. The decision to take the contract to market is reflective of changes within the tourism retail industry, the general evolution of duty free and renewed interest of duty free operators in being part of Sydney Airport's high profile and well performing duty free business.
"This is the first opportunity since privatisation to interact with the market about Australia's largest duty free business and the exciting opportunities that lie ahead. The current partnership with Nuance has brought about significant innovations and developments, and as a result created a world class duty and tax free shopping environment for passengers. This is the type professionalism, commitment and involvement we will be seeking moving forward," Mr Moore-Wilton said.
The Australian market has major duty free appeal for passengers. To have the opportunity to service all international passengers, both arrivals and departures, as duty free customers is an attractive proposition to duty free operators.
Similarly the increase in Australia's duty free concession allowance in early 2005 provides further stimulus for professional operators. Sydney Airport will formally seek Requests for Proposal in early 2006. Issued by Sydney Airport Corporation Limited, Public Affairs.
ARINC is a CAPA Member. For more information on the Centre for Asia Pacific Aviation's membership service, please click the icon below.
"This is the first opportunity since privatisation to interact with the market about Australia's largest duty free business and the exciting opportunities that lie ahead. The current partnership with Nuance has brought about significant innovations and developments, and as a result created a world class duty and tax free shopping environment for passengers. This is the type professionalism, commitment and involvement we will be seeking moving forward," Mr Moore-Wilton said.
The Australian market has major duty free appeal for passengers. To have the opportunity to service all international passengers, both arrivals and departures, as duty free customers is an attractive proposition to duty free operators.
Similarly the increase in Australia's duty free concession allowance in early 2005 provides further stimulus for professional operators. Sydney Airport will formally seek Requests for Proposal in early 2006. Issued by Sydney Airport Corporation Limited, Public Affairs.
ARINC is a CAPA Member. For more information on the Centre for Asia Pacific Aviation's membership service, please click the icon below.
