LAX RECEIVES AIRPORT REVENUE NEWS AWARD FOR BEST CONCESSION PROGRAM DESIGN
(Los Angeles, CA – March 24, 2014) The ongoing revitalization of Los Angeles International Airport’s (LAX) overall dining, specialty and duty-free retail program has been recognized for excellence by Airport Revenue News (ARN) for “Airport with The Best Concession Program Design, Large Airport Division.”
The ARN Awards celebrate the achievements of non-aviation revenues at airports, including dining and retail concessions. The winners were announced during a recent awards ceremony. Debbie Bowers, Los Angeles World Airports (LAWA) Deputy Executive Director for Commercial Development, accepted the honor on behalf of LAX.
LAX was selected due to the world-class dining and retail program design. As part of LAX’s current multi-billion-dollar modernization effort, the recently completed/in-progress projects in the New Tom Bradley International Terminal (TBIT) and in Terminals 4, 5, 7, and 8 have seen a total 66 dining and retail locations open during the past two years. A total of more than 120 concessions will be offered when these terminal modernizations are completed by 2016.
The New TBIT currently features 41 dining and retail concepts located post-security. Out of those, 19 are local Los Angeles brands, and 15 are new airport concepts, unavailable anywhere else in the world. Another 20+ dining and retail concepts are slated to open in the pre-security-screening areas in TBIT. A transformation of the passenger experience is expected with future redevelopments for Terminals 1, 2, 3, and 6, all of which will include another total 60+ concessions to be installed.
The new openings aren’t just for looks – sales at the locations are also strong. In 2013, duty-free sales at LAX were up 5.4 percent from 2012, a solid indicator that passenger spending in general is on the rise, thanks in large part to these upgraded concessions.
“Running an airport isn’t just about providing a valuable service to the public; it’s also about running a business. And business at LAX is strong thanks to the world-class concessions we host within our terminals,” LAWA Executive Director Gina Marie Lindsey said. “I couldn’t be prouder that LAX received this top designation from Airport Revenue News.”
ARN publishes monthly, focusing on revenue trends, strategies, noteworthy developments, opportunities, and legislative updates that impact the airport industry and other stakeholders.
About Los Angeles International Airport (LAX)
LAX is the sixth busiest airport in the world and third in the United States, based on 2012 worldwide rankings (the latest available). LAX offers 680 daily flights to 96 cities and 930 weekly nonstop flights to 59 cities in 30 countries on 63 commercial air carriers. LAX ranks 14th in the world and fifth in the U.S. in air cargo tonnage processed, with over 1.9 million tons of air cargo valued at over $86.9 billion. An economic study in 2011 reported that operations at LAX generated 294,400 jobs in Los Angeles County with labor income of $13.6 billion and economic output of more than $39.7 billion. This activity added $2.5 billion to local and state revenues. LAX is part of a system of three Southern California airports – along with LA/Ontario international and Van Nuys general aviation – that are owned and operated by Los Angeles World Airports, a proprietary department of the City of Los Angeles that receives no funding from the City’s general fund.
For more information about LAX, please visit www.lawa.aero/lax or follow on Twitter @LAX_Official , on Facebook at www.facebook.com/LAInternationalAirport ,and on YouTube at www.YouTube.com/laxairport1 .
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