Travel Retail and Duty Free Business Intelligence    Tuesday 29 July 2014

NEWS

Changi Airport posts another record year – 28/01/08

Published: 28/01/08

Source: ©The Moodie Report

By Martin Moodie

SINGAPORE. Changi Airport posted an all-time passenger high in 2007 with numbers rising by +4.8% year-on-year to 36.7 million. And with the new Terminal 3 having opened on 9 January, 2008 is set to be even better.

December, the traditional peak travel period at Changi, also set a record for the highest monthly traffic when over 3.5 million passengers went through the airport, a +3% increase over the same month in 2006.

2008 is set to be an even better year for Singapore Changi Airport than the record 2007, following the opening of Terminal 3. Pictured is the main Nuance-Watson (Singapore) fragrances & cosmetics store at the new terminal

Changi T3 features an extensive luxury offer (left) and the impressive new DFS Group liquor & tobacco store
The third record set was the number of passengers processed in a day. 125,000 passengers passed through Changi Airport on 15 December 2007, surpassing the previous record of 121,680 passengers handled on 16 December 2006.

Confisseur Reto Marzari at the dedicated Lindt chocolate-making corner at King Power's main confectionery store in T3
The Civil Aviation Authority of Singapore (CAAS) said the increase in passenger traffic can be attributed to the continued strong growth from key markets such as China, which registered +12.6% growth, and India, with a +15.6% increase.

Emerging markets such as Vietnam, Russia and South Africa also saw double-digit traffic growth in traffic at +24.4%, +27.7% and +15.1% respectively.

CAAS Director-General and Chief Executive Officer Lim Kim Choon said: “2007 was a good year for Changi Airport, marked by exciting developments like the world’s first A380 commercial flight taking off from Changi Airport. Five new airlines, including Jett8 Airlines Cargo, Etihad Airways and Mihin Lanka, joined the Changi family last year."
(Left) King Power's confectionery outlet in T3; (Right) La Perla's first store in an Asian airport, also run by King Power
He continued: "We got off to a good start in 2008, with the opening of Terminal 3. Changi Airport is in good stead to tap on the strong demand for air travel. Even as we handle an increasing number of passengers, our priority is still to deliver our exceptional ‘Changi Experience’ to our passengers.”

The opening of the much-anticipated Terminal 3 has been a major success. On a commercial level both the anchor duty free tenants (Nuance-Watson Singapore and DFS Group) are understood to be pleased with business to date and as more airlines transfer to T3 sales should build quickly. That will lead to some dilution elsewhere but all concessionaires spoken to by The Moodie Report believe that significant incremental business will be achieved in 2008.

As at 1 January, Changi Airport is served by 81 airlines operating more than 4,310 weekly scheduled flights to 190 cities in 60 countries.

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