Avolta and Corporación America Airports unite for Strategic Airport Enhancement in Uruguay
- Avolta and Corporación America Airports partner for airport enhancement in Uruguay.
- They aim to revolutionize travel retail and provide a seamless and personalized journey.
- Both companies are committed to sustainability and collaborative transformation in the industry.
Avolta AG / Key word(s): Miscellaneous Avolta, the leading global travel experience player, and Corporación America Airports (NYSE:CAAP), the leading private airport operator managing 53 airports in 6 countries, proudly announce their collaborative initiative to elevate the airport retail experience. In a pioneering move, Avolta and Corporación America Airports have forged a partnership to revolutionize travel retail in Uruguay, seeking to establish a novel business model by leveraging the combined expertise of duty-free retail and airport management as master concessionaire for travel retail. |
This collective effort aims to design, implement, and operate duty-free stores that significantly enhance the overall airport experience. Embracing a data-driven approach, the partnership strives
to provide passengers with a more seamless and personalized journey.
Martin Eurnekian, CEO of Corporación America Airports, expressed enthusiasm about the collaboration, stating, "We aim to explore every aspect of the customer journey and airport operations,
identifying opportunities for improvement through integration and collaboration."
This joint venture has an important purpose beyond financial considerations, as both companies not only align on a customer-centric approach and a relentless pursuit of improved services and
experiences but also share a profound commitment to sustainability. Both entities are devoted to fostering a positive impact in the communities they serve while responsibly managing their
environmental footprint. Moreover, they believe that by collaborating, they can amplify their influence and make a more substantial contribution to sustainable practices.
Avolta CEO, Xavier Rossinyol expressed his excitement about moving forward partnering with CAAP: “We share a mutual understanding that in order to foster sustained growth, it is imperative to
revolutionize the conventional approach to conducting business within our industry. Both the retailer and the airport operator must actively engage in the innovation process and embrace
calculated risks. The outdated model, anchored in high MAGs that restricted operators from making substantial investments and assuming risks, is destined to become obsolete.”