Major brands make beeline for new terminal at Delhi airport

New Delhi: Major retail and food and beverage (F&B) brands like Swarovski, Croma, Satya Paul, Fresco and Haldiram’s are lining up to set up shop at the new domestic departure terminal at the Delhi airport.
These would add to the already existing big names like Pizza Hut, KFC, Cream Bell, osta Coffee, Fab India, Hidesign and Odyssey that have already opened shop at the terminal.
However, while most companies are positive about business at the terminal, called T1D, there are others who find the revenue-sharing model on their outlets unviable.
According to information from the GMR-led Delhi International Airport Limited (DIAL), the consortium operating and modernising the Delhi airport, a total of 12 F&B and retail outlets are already operating at the terminal, while 10 more are going to set up shop in a span of 2-3 weeks. Barring the new terminal, the total number of F&B and retail outlets in all the other four domestic and international terminals is less than 15. Out of a total area of 35,000 square metres in T1D, the total commercial area would be 1,800 square metres. The existing departure terminal has an area of 650 square metres out of a total of 18,000 square metres allotted to the commercial segment.
Dilip Kapur, CEO of fashion accessory major Hidesign whose outlets are present at the Hyderabad and Bangalore airports, said that he was expecting the highest turnover from the Delhi airport.
Unlike in older terminals wherein the companies had to give DIAL a share of there revenues, as well as a monthly space rental, the deal in T1D entails a minimum guarantee amount as well as around 10 per cent share of the revenue, sources said.
23/04/09 Anirban Chowdhury/Business Standard

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Categories: Airports Apr 2009