Nice Côte d’Azur Airport commercial revenues surge on completion of T2 upgrade

Nice Côte d’Azur Airport has completed the commercial transformation of Terminal 2 with the opening of the final food & beverage concepts, rounding out an ambitious upgrade of both terminals over the past three years. The investment by the airport and its partners should help double non-aeronautical revenues over the next four years (from around €200 million a year today), according to Chief Commercial Officer Filip Soete.

He said: “Each year we have been growing by +20-25% and we’ll double commercial revenues in a four-year period. Already in the first three months of 2018, spend per passenger has climbed by +22% and penetration has risen by +30%. As reported, commercial space overall was increased by +162% to 3,706sq m in T2. Within this, duty free (managed through Aelia Duty Free) grew its space by +79% to 1,100sq m.

Collected and summarized from the source below by Giang Tan

http://www.airportbenchmarking.com/nice-cote-dazur-airport-commercial-revenues-surge-on-completion-of-t2-upgrade/