Quote:
Originally Posted by flipv
The retail is a nice to have, I posted the article more for the PAX stats at the end.
Pearson is on an absolute roll.
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All 4 of Canada's major airports are on a roll.
A few mistakes/manipulations in that article btw.
First of which, its
restaurants, parking and retail that account for 30% of YYZ airport's revenue, not just retail. (which of those do you think brings in the most money ! I doubt it's retail.)
Second, those PAX stats are to be taken with a grain of salt. 60% and 80% are littered in that article and paint a false picture. It paints a real doom and gloom picture for YVR, YUL and YYC, when that is clearly not the case. Let me elaborate. Only comparing absolute passenger growth between an airport serving 40 million passengers and one serving half that is a bit ridiculous.
Last year, Pearson handled 38.6 million passengers, up 2.5 million or 6.8 per cent from the year before. YVR handled 19.3 million, up 1.4 million. Comparing the 2.5 million of YYZ to the 1.4 million of YVR is a bit misleading considering the underlying premise of double the traffic at YYZ. You need to compare
growth percentages as well, in order to have a more accurate feel of which airport is growing at a faster
rate. And in that aspect, YVR lead the way in 2014, with a 7.7 % growth, compared to Toronto's 6.8%.
Anyone can manipulate stats. Here's me....."YUL's passenger count grew 100% since 2003, whereas YYZ's only grew by 60%". (This is true btw)
Bottom line, all 4 of Canada's major hubs are doing just fine, with growth rates in the 5 to 8% range a year.
As for the whole retail bit, no one really gives a damn that a rich guy bought a 20,000$ Omega from the airport. Since when does having high end retail stores at an Airport of Entry say anything about Canada and who we are ! Frankly, this article is a farce.