By Lam Li Ting | Posted: 26 December 2011 1854 hrs
 | ||||||
 Travellers shopping at Changi Airport. |
SINGAPORE: More cash registers are ringing at Singapore's Changi Airport. From January to October this year, the airport posted a year-on-year growth of 16 per cent from retail sales.
Commercial takings make up about half of the airport's revenue.
Shop as much as you want at Changi Airport's public areas without paying taxes - that is how Singapore's airport has been promoting itself as an attractive shopping destination to locals.
Ivy Wong, senior vice president of Airside Concessions with the Changi Airport Group, said: "The revenue that we actually gather from our (retail outlets) actually goes towards working out the air hub, strengthening the air hub, and creating the connectivity through Changi and through Singapore."
That means lower costs for airlines and better upkeep of facilities.
Naturally, the lion's share of the airport's commercial kitty is formed by spending travellers.
Takings from the airport's duty-free, transit areas account for 90 per cent of retail earnings.
Changi Airport said cosmetics, liquor, electronics, candies and luxury goods form the top five product categories by sales.
So what do the various travellers through Changi Airport like to spend their money on? The Europeans like electronics, the Chinese love their beauty products, while the Indonesians seem to prefer sweets.
-CNA/ac
Commercial takings make up about half of the airport's revenue.
Shop as much as you want at Changi Airport's public areas without paying taxes - that is how Singapore's airport has been promoting itself as an attractive shopping destination to locals.
Ivy Wong, senior vice president of Airside Concessions with the Changi Airport Group, said: "The revenue that we actually gather from our (retail outlets) actually goes towards working out the air hub, strengthening the air hub, and creating the connectivity through Changi and through Singapore."
That means lower costs for airlines and better upkeep of facilities.
Naturally, the lion's share of the airport's commercial kitty is formed by spending travellers.
Takings from the airport's duty-free, transit areas account for 90 per cent of retail earnings.
Changi Airport said cosmetics, liquor, electronics, candies and luxury goods form the top five product categories by sales.
So what do the various travellers through Changi Airport like to spend their money on? The Europeans like electronics, the Chinese love their beauty products, while the Indonesians seem to prefer sweets.
-CNA/ac
Ref:Channelaisanews
No comments:
Post a Comment