Sydney Airport has reported an unexpected 12 percent increase in earnings for the year ending 31 December 2010.
Sydney Airport’s chief executive Russell Balding said the results are outstanding and demonstrates, “Sydney’s appeal as the gateway to Australia”.
The growth was driven by solid increases across all revenue streams and strong traffic growth both domestically and international. Passenger numbers also increased by nearly 8 percent in 2010.
Much of the growth in international visitors came from China, Korean and Japan. “The growth in the Chinese market over recent years has been very strong,” Mr Balding said. The number of arrivals into Sydney from China has almost doubled from 147,148 in 2004 to 282,641 in 2010.
According to the report, In all areas of business the airport’s revenue increased by 10.5 percent to AU$943 million, up from AU$853.2 million in 2009.
And the signs are this upward trend will continue during 2011. The continued strong Australian dollar has seen a steady growth in outbound tourists while not detracting from the growth in visitors from emerging markets such as China. And to top it all off, the Oprah effect may see visitors from the US and other parts of the world increase far beyond expectations.
Sydney Airport’s chief executive Russell Balding said the results are outstanding and demonstrates, “Sydney’s appeal as the gateway to Australia”.
The growth was driven by solid increases across all revenue streams and strong traffic growth both domestically and international. Passenger numbers also increased by nearly 8 percent in 2010.
Much of the growth in international visitors came from China, Korean and Japan. “The growth in the Chinese market over recent years has been very strong,” Mr Balding said. The number of arrivals into Sydney from China has almost doubled from 147,148 in 2004 to 282,641 in 2010.
According to the report, In all areas of business the airport’s revenue increased by 10.5 percent to AU$943 million, up from AU$853.2 million in 2009.
And the signs are this upward trend will continue during 2011. The continued strong Australian dollar has seen a steady growth in outbound tourists while not detracting from the growth in visitors from emerging markets such as China. And to top it all off, the Oprah effect may see visitors from the US and other parts of the world increase far beyond expectations.
Comments
Post a Comment