The Airport Restaurant & Retail Association (ARRA) and Airport Minority Advisory Council (AMAC) have urged Congress and airports to pass financial relief assistance for airport restauranteurs and retailers who are affected by the Coronavirus pandemic, the company said.
Members of both organizations have been seriously impacted given the decline in airline bookings/passenger counts. A number of state/municipalities are closing restaurants, including at airports, to help contain the spread of COVID-19. All stakeholders in the industry are financially suffering.
The associations represent a USD 10 billion industry made up of firms of varying sizes, including many small and local businesses which contribute USD 2.5 billion to airport revenue streams. These businesses employ more than 125,000 workers in US airports. The restaurants and retail shops are a vital part of the passenger´s travel experience, and a major revenue source on which airports depend for their operations, development and bond financing.
Restauranteurs/retailers in the aviation sector are contracted by airports, airlines and third-party developers to provide passengers a full range of food, beverage and retail services.