Abu Dhabi Duty Free revenue rises 24% to US$220 million in 2012
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Wed January 30, 2013 12:27 pm

UAE. Abu Dhabi Airports Company (ADAC), the operator of Abu Dhabi’s five airports, revealed today that Abu Dhabi Duty Free retail revenue reached AED 809.5 million (US$220.5 million) in 2012, an increase of 24% over 2011, setting a new record for the company.

The announcement was made today at the opening of Trinity Forum 2013, hosted by Abu Dhabi Airports Company, during the welcome speech from Chief Commercial Officer, Mohammed Al Bulooki, at Yas Marina Circuit Media Center, Abu Dhabi.

The retail figures reflect an increase in both Spend Per Passenger and average transaction value during 2012. The increases are mainly due to the attractive combination of the retail mix, a variety of luxury brands and the promotional campaigns of the retail operators. In 2012, Abu Dhabi International Airport’s passenger numbers grew by 18.9%, bringing 14.7 million passengers through the airport.

During his opening speech at Trinity Forum, Mohammed Al Bulooki, Chief Commercial Officer of Abu Dhabi Airports Company said: “Through the careful planning and efforts of the entire team, along with ADAC’s retail partners, Abu Dhabi Duty Free increased revenue to a record of 809.5 million representing a 24% increase over 2011. Such commitment and creativity won ADAC the prestigious Frontiers Awards for “Best Airport Operator of the Year 2012.”

New projects set to be completed in 2013 are a new Armani boutique and doubling the size of the Burberry boutique, which will include the addition of ready to wear in Terminal Three.  These new projects will further increase the breadth of the airport’s retail offer for its passengers.

Al Bulooki also presented the new Midfield Terminal program and advised delegates that the retail business will grow to over AED 1.5 billion by 2017 when the new airport is scheduled to open. The Midfield Terminal project is one of the largest aviation infrastructure projects in the world and will facilitate the growth of the Capital of the UAE and its national carrier, Etihad Airways.

The Trinity Forum, the travel retail industry’s key annual conference, is taking place from 29th and 31st January 2013 in Abu Dhabi, and it is jointly organized by the  Moodie Report and Airports Council International (ACI).  The conference has attracted around 300 delegates looking to advance discussions and a mutual understanding of development in the airport retail industry. 

About Abu Dhabi Airports Company

Abu Dhabi Airports Company is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate's aviation infrastructure. In September 2006, Abu Dhabi Airports Company assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008, ADAC added Al Bateen Executive Airport (an exclusive private aviation airport), and Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travellers, the aviation marketplace, and will help contribute to Abu Dhabi’s development as a destination for both business and leisure tourism.

Currently underway is the multi-billion dollar redevelopment and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed.

For more information please visit www.adac.ae.

 

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