Eraman, the retail subsidiary of Malaysia Airports Holdings Berhad (MAHB), saw significantly different retail growth in the first quarter at Kuala Lumpur International Airport (KLIA) – with sales in the main terminal complex up by +13.7% and sales at the low-cost terminal (LCCT) more sluggish at +8.8%.
As reported yesterday, MAHB’s in-house retail business grew by +14.3% countrywide, across its 39 airports, while KLIA delivered a lower growth rate of +11.2% (main terminal and LCCT combined), suggesting that retail developed much faster at Malaysia’s regional airports than at its main hub in Q1.
KLIA’s main terminal sales hit MYR 69.6m ($21.3m) almost the same as those at the LCCT which were MYR 70m (see table below). MAHB is hoping that when the much delayed dedicated KLIA2 low-cost terminal opens for business – now expected on 2 May – its array of shops will kick-start spending and push growth back into double digits.
Revenue per passenger was down in both terminals producing an overall spend of MYR 11.33 compared to MYR 11.86 in Q1 2013. Offsetting that was an extra 1.7m in passenger traffic in the first quarter to reach 12.3m. According to MAHB, “additional outbound flights to mainland China and chartered flight led to higher sales”.
For details of retail and F&B rental values at KLIA see the table and charts below and click to enlarge.