Purpose: Analyse and correlate, through available literature studies, the perspective of real estate investments and developments with the most relevant attributes and benefits from non-aviation activities in airports, stressing the food and beverages sector within air-ports. Design / Methodology / Approach: This work is based in a literature review in the fields of Real Estate investments, Airport Management and Development and Non-aviation food-and-beverages-related facilities and businesses in airports. Firstly, the articles related to re-al estate investments and airport developments are selected. Secondly, the research delves into the referred topics, aiming a better understanding of their interaction, additionally with the participation of the Food & Beverages sector within this context. Findings: There’s great demand and growing tendency of development in the non-aviation market in airport facilities around the world (Asia, Australia, United States of Amer-ica, Europe and others), with a passenger flow increase expected on the southern hemi-sphere countries (countries under development, which represent a great number of the world’s population). Additionally, It is a global industry responsible for, in average, 40% of the airport’s income which sums up to a range of U$$ 170 billion of dollars per year, in which food and beverages, in 2018, was responsible for inasmuch U$$ 4 billion of this share approximately. Furthermore, the work culminates in a list of important determinants for a real estate approach in the non-aviation sector, which were exposed for the appraisal of specialists of the sector in an academic research. Concomitantly such list was proposed by the author as an airplane model for a clearer illustration of its application.
Scopo: analizzare e correlare, attraverso la letteratura scientifica disponibile, gli inves-timenti immobiliari e le prospettive di sviluppo con le caratteristiche e i vantaggi più rile-vanti delle attività non aeronautiche negli aeroporti, specialmente nel settore food & bev-erage. Progettazione / Metodologia / Approccio: questo lavoro si basa su una revisione della letteratura nei settori degli investimenti immobiliari, della gestione e dello sviluppo degli aeroporti e delle strutture relative al settore food & beverage nell’ambito non aeronautico negli aeroporti. In primo luogo sono stati selezionati gli articoli relativi a Real Esate Investments e Airport Developments, quindi la ricerca ha approfondito gli argomenti citati, al fine di comprendere meglio la partecipazione del settore food & beverage a questo contesto. Risultati: c'è una forte domanda e una crescente tendenza allo sviluppo nel mercato non aeronautico nelle strutture aeroportuali di tutto il mondo (Asia, Australia e Stati Uniti), con un aumento del flusso passeggeri verso i paesi dell'emisfero meridionale (paesi in via di sviluppo, che rappresentano un gran numero della popolazione mondiale). Inoltre, è un settore globale responsabile, in media, del 40% delle entrate dell'aeroporto, che ammonta a circa 170 miliardi di dollari all'anno, di cui il food & beverage nel 2018, ha rappresentato una quota approssimativamente pari a 4 miliardi di dollari. Inoltre, sono presentati alcuni importanti “determinanti”, eventualmente applicabili a diversi aeroporti in varie circostanze, utili sia per gli investitori immobiliari che per gli sviluppatori.
The determinants of the non-aviation sector of airports for real estate investors and developers based on the literature and the market trends
PEREIRA GOUVÊA, FÁBIO LUÍS
2019/2020
Abstract
Purpose: Analyse and correlate, through available literature studies, the perspective of real estate investments and developments with the most relevant attributes and benefits from non-aviation activities in airports, stressing the food and beverages sector within air-ports. Design / Methodology / Approach: This work is based in a literature review in the fields of Real Estate investments, Airport Management and Development and Non-aviation food-and-beverages-related facilities and businesses in airports. Firstly, the articles related to re-al estate investments and airport developments are selected. Secondly, the research delves into the referred topics, aiming a better understanding of their interaction, additionally with the participation of the Food & Beverages sector within this context. Findings: There’s great demand and growing tendency of development in the non-aviation market in airport facilities around the world (Asia, Australia, United States of Amer-ica, Europe and others), with a passenger flow increase expected on the southern hemi-sphere countries (countries under development, which represent a great number of the world’s population). Additionally, It is a global industry responsible for, in average, 40% of the airport’s income which sums up to a range of U$$ 170 billion of dollars per year, in which food and beverages, in 2018, was responsible for inasmuch U$$ 4 billion of this share approximately. Furthermore, the work culminates in a list of important determinants for a real estate approach in the non-aviation sector, which were exposed for the appraisal of specialists of the sector in an academic research. Concomitantly such list was proposed by the author as an airplane model for a clearer illustration of its application.| File | Dimensione | Formato | |
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The determinants of the non-aviation sector of airports for Real Estate investors and developers based on the literature and the market trends.pdf
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Descrizione: Thesis text - Fábio Luís Pereira Gouvêa
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https://hdl.handle.net/10589/165177