“Source:- Economic Times”
1) Infrastructure development
Infrastructure and related commercial development could open up a $21.6 billion transit retail opportunity at transport hubs — including airports, rail and metro stations and highway and bus depots — in India by 2030, says a Knight Frank report. The operators stand to gain as much as $3.2 billion in lease rentals.
2) $10 billion
The funding the govt. could generate by monetising these transit-oriented retail assets
3) What retailers get
A captive audience with time and means to spend
4) What developers should do
Transport hubs will have to create appropriate space with prominence and visibility, smart revenue models and correct product mix to ensure that retailers see value in their presence at the hub
5) Retail potential best tapped at airports
Retail potential is best tapped at airports now $9.3 bn. Retail opportunity for airports by 2030 $1.6 bn. Lease rental opportunity at airports by 2030.
Delhi
Passenger Traffic: 70 m
Retail Revenue per Passenger ($): 6
Mumbai
Passenger Traffic: 50 m
Retail Revenue per Passenger ($): 7
Bengaluru
Passenger Traffic: 32 m
Retail Revenue per Passenger ($): 4
Changi Passenger
Traffic: 66 m
Retail Revenue per Passenger ($): 32
Heathrow
Passenger Traffic: 80 m
Retail Revenue per Passenger ($): 12
Dallas FW
Passenger Traffic: 70 m
Retail Revenue per Passenger ($): 6
Frankfurt
Passenger Traffic: 70 m
Retail Revenue per Passenger ($): 3
6) Shishir Baijal, Knight Frank India
The focus on developing transport modes is opening up unprecedented opportunities for retail.