Budapest Airport looks to diversify revenue sources
Photo by Budapest Airport.
Commercial revenues accounted for 20% of the turnover of Budapest Airport in January, not including fuel sales and real estate rentals, Mihály Hardy, communications director at the operator of Ferenc Liszt International Airport, told business daily Világgazdaság.
Commercial sales at the airport, which include retail outlets, restaurants and bars, are in the range of EUR 11-18 per capita, which places Budapest in the middle worldwide, Hardy said. Passengers spend on average 48-55 minutes in the departure lounge between security checks and boarding. During this time passengers are spending mostly in duty-free shops.
Typical purchases include cosmetics and perfumes, liquor and brand clothes. There is also a new trend of increasing sales of premium food products such as salami, paprika, foie gras and Tokaj wine.
The main source of income of the airport is still air transport, but due to insecurities the operator is trying to diversify through commerce and real estate rentals. Insecurities include cyclical crises, changes in kerosene prices, and reactions to political events, Hardy said.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
