Avolta Wins Major Tender at John F. Kennedy International Airport – Another Major 2024 Contract Award in North America

Avolta companies Hudson and Dufry have been awarded a new contract to operate numerous duty-free stores, travel convenience stores and specialty stores, as well as hybrid concepts, in Terminal 6 of John F. Kennedy International Airport (JFK) by JFK Millennium Partners (JMP), the company which has been selected by the Port Authority of New York and New Jersey to build and operate the new $4.2 billion terminal, part of JFK’s $19 billion transformation.

Avolta will bring a strong sense of place to T6 through an immersive, New York City-inspired travel retail program that gives JFK’s diverse visitors the opportunity to experience all five boroughs, with a carefully crafted focus on products from local entrepreneurs alongside globally recognized to notice.

“Through this new contract, which marks our largest year yet in North America, Avolta will redefine the travel experience at one of the busiest airports in the US – raising the bar for travel retail worldwide and furthering our leadership in the US travel retail is expanding. and F&B,” said Xavier Rossinyol, CEO of Avolta. “In line with our Destination 2027 strategy, we have put the traveler at the center to revolutionize the travel experience. We are proud of our partnership with JFK Millennium Partners, the Port Authority of New York and New Jersey and the exceptional local entrepreneurs who have embraced our vision and will bring it to life. Stay tuned for expected further news from the Big Apple.”

Terminal 6 is currently under construction with the first gates opening in 2026. When completed, annual aircraft at Terminal 6 are expected to reach approximately 4.3 million passengers, supporting the Port Authority’s vision to grow and expand JFK Airport to transform into a modern global gateway. As part of his new duty-free contract, Dufry will develop an extensive duty-free store. Inspired by New York City’s landmark Union Square, this unique shopping experience spans nearly 1,700 square feet² of retail space spread across four distinct areas, capturing the vibrant energy of New York City. The space will include a Prohibition-style speakeasy, a hybrid concept and the first of its kind in a U.S. airport.

Under the new duty-paid contract, Hudson will open more than 9,000 square feet² of travel convenience and specialty stores that offer travelers a mix of sought-after essentials and exciting products from local brands that embody the spirit of New York, bringing a sense of place to the terminal that will resonate with international travelers.

In 2024, Avolta announced significant contract wins across North America, reaffirming its market leadership in travel retail and travel food and beverages, including at Phoenix Sky Harbor International Airport, Sacramento International Airport in California and John Wayne Airport, Pittsburgh International Airport and Salt Lake. The city’s international airport.

Avolta’s Q3 2024 results marked its seventh consecutive quarter of strong growth as the company continues to successfully execute on its Destination 2027 strategy. The company confirms its medium-term objectives and reaffirms its positive outlook, having achieved another set of strong results on all KPIs for the first nine months of 2024. Avolta confirms its CORE sales growth target of 5%-7% per year on average with constant growth. exchange rates in line with its Destination 2027 strategy. Avolta is committed to delivering +20-40 basis points of CORE EBITDA margin improvement per year, while continuing to increase its operational efficiency and +100-150 basis points EFCF conversion and staying on track for 2024 and 2025 and over the medium term.

About JFK Millennium Partners
Terminal 6 is an award-winning public-private partnership between the Port Authorities of New York and New Jersey and JFK Millennium Partners – a consortium that includes Vantage Group, a leading investor, developer and manager of award-winning global airport projects, including LaGuardia Airport’s Terminal B; American Triple I, a certified investor, owner, developer and manager of minority-owned infrastructure assets; RXR, an innovative real estate investor and developer in New York; and JetBlue Airways, the New York airline. When completed, Terminal 6 will connect seamlessly with Terminal 5 to create an anchor terminal on the north side of JFK International Airport.