IE Business Daily Business news for the Inland Empire.
The Ontario International Airport Authority has moved to improve the airport’s retail concessions.
In a unanimous vote Tuesday, the board approved an agreement with Hudson Group, a New Jersey-based company that operates airport newsstands, and the airport’s retailers, according to a statement.
The eight-year pact, worth at least $2.4 million, requires Hudson Group to overhaul and rebrand Ontario International’s retail operations. After those upgrades, rent payments will be based on a percentage of gross sales, an arrangement expected to raise an additional $500,000 during its first year.
The goal is to give travelers more shopping options while generating more revenue for the airport, according to the statement.
“Since the Ontario International Airport Authority assumed control of our airport last year, the commission and staff have worked tirelessly to improve the customer experience at the airport,” authority President Alan D. Wapner, said in the statement.
“With new domestic and international air service, more ground transportation options and the coming remodel of airport concessions, our airport is now a gateway befitting the Southern California region.”
