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10/26/2015 GATE ONE closes on a high | DFNI
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GATE ONE closes on a high Posted by: John Rimmer in Asia/Pacific, Events News May 20, 2005 Comments Offon GATE ONE closes on a high
Airport privatisation and the potential of Asia’s two biggest emerging markets were among the key issues atthe second GATE ONE conference, which closed in Singapore today. Senior executives from key airports,retailers and airlines addressed delegates at the event, which followed the TFWA Asia Pacific exhibition.
Yesterday’s keynote speaker, Hong Kong International airport (HKIA) CEO David Pang, gave a fascinatingpresentation about how HKIA has been transformed from an infrastructure business to an experiencebusiness. He explained how the airport is seeking to segment its market and introduce greater productdifferentiation through the creation of retail and leisure concepts such as SkyMart and SkyPlaza.
Other highlights of day one included presentations from Centre for Asia Pacific Aviation managing directorPeter Harbison, Dufry Group COO Eurasia and Asia René Riedi, Nuance Watson (HK) managing directorAlessandra Piovesana, and Civil Aviation Authority of Singapore commercial director Peck Hoon Lim, whoexplained the thinking behind Singapore Changi’s new lowcost terminal, set to open next year.
Day two opened with an upbeat assessment of the burgeoning Asian lowcost market, given by TigerAirways CEO Tony Davis. Other senior speakers included Macquarie Airports CEO Kerrie Mather, whoexplained the criteria Macquarie uses when deciding whether to invest in an airport.
The conference ended with a fascinating assessment of the potential of travel markets in China and India,delivered by HSBC managing director and head of transport and logistics sector investment banking in AsiaAllen Chien and KPMG India associate director Anindya Roychowdhury. Chien revealed how HSBCcontributed to some of China’s existing airport privatisations, including Meilan airport in Hainan, run byCopenhagen Airports. He also listed the airports most likely to be privatised over the next two years,including Shanghai and Guangzhou, expected in 2006, and Xian Dalian, expected in 2007. Chien explainedhow privatisation could radically improve standards of travel retailing in China, provided it was accompaniedby changes to management, expertise and mentality.
In a lively and witty presentation Roychowdhury gave his views on the long delayed privatisation of Indianaiports, citing the recent Naresh Chandra committee report, which described India’s international airportsas “substandard”, and passenger amenities as “an embarrassment”. He argued that there is huge potentialfor revenue growth in Indian airports, depending on the ability of private investors to deliver financing.
A full report on GATE ONE and TFWA Asia Pacific will appear in DFNI June 1.
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