FY2016 CCDOA Financial Report as of 6302016.pdf - page 36

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Non-Airline Revenues
Non-airline revenues, consisting primarily of concession related fees, increased from $267.9 million in FY 2015 to
$282.4 million in FY 2016, an increase of 5.4 percent. The largest source of non-airline revenues is terminal concession
fees, which are generated from an agreed-upon percentage of gross sales from various concessionaire-related
sources, including the food and beverage concessionaire, news and gift concessionaires, specialty retail outlets,
advertising revenue, and passenger services revenue. Percentage rents paid to the Airport from terminal
concessionaire-related sources increased from $66.6 million in FY 2015 to $67.0 in FY 2016, an increase of 0.4
percent. Revenues from terminal food and beverage sales increased 10.6 percent, from $22.1 million in FY 2015 to
$24.5 million in FY 2016, due mainly to new restaurants and increases in enplanements. However, revenues from
news and gift sales and specialty retail sales decreased slightly, from $28.7 million in FY 2015 to $28.3 million in FY
2016, due to duty-free concession revenues impacted by the strength of the U.S. dollar. In-terminal advertising
during FY 2016 was down by 13.9 percent from the prior fiscal year to a total of $11.0 million. Advertising has been
impacted by hotels and casinos in the resort corridor increasing advertising at their sites and therefore reducing
advertising inside the Airport. The Department is developing plans to provide dynamic advertising signage within
the terminal baggage claim areas to improve advertising revenue. Revenues from passenger services in the
terminal increased from $2.6 million in FY 2015 to $2.8 million FY 2016, an increase of 5.5 percent. This increase
resulted primarily from the increase in passenger traffic.
Building rental fees associated with the Consolidated Rental Car Facility increased during FY 2016 from $35.7 million
to $37.3 million, an increase of 4.4 percent. These fees consist of rental of operational space as well as the Customer
Facility Charge ("CFC"), which is a charge of $3.75 that car rental customers pay each day they rent a vehicle and
that is collected by the car rental companies on behalf of the Airport System. CFC revenue for FY 2016 totaled
$30.9 million, an increased of $1.2 million, or 4.2 percent, over FY 2015, which resulted from an increase in the
number of transaction days from the prior year. For FY 2016, the Department charged $6.4 million in space rental
payments, up by 0.3 million, or 5.2 percent, over $6.1 million in FY 2015. This increase resulted from a 6.3 percent
increase in the rental car facility rate.
Total parking revenues at the Airport during FY 2016 increased by 7.8 percent over FY 2015. Public parking provided
at the Airport includes short-term, long-term, and valet parking in two parking structures comprising 10,274 parking
spaces as well as economy parking at a remote surface parking lot. Public parking revenue from short-term, long-
term, and economy parking increased by 7.8 percent due to an increase in the number of parking exits as well as
an increase in the duration of parking stays. Parking revenues from these sources for FY 2016 totaled $30.7 million
versus $28.5 million in FY 2015. Valet parking revenue for FY 2016 increased from $2.7 million to $2.8 million, for an
increase of 1.8 percent, as a result of longer duration of valet parking stays. Finally, employee parking revenue for
FY 2016 increased from $4.5 million to $4.9 million, an increase of 7.4 percent.
Rental car concession fees increased from $33.9 million in FY 2015 to $35.6 million in FY 2016, an increase of 5.2
percent. This increase is attributable to an increase in gross revenues generated by the rental car companies in FY
2016 over FY 2015.
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