International Business Times Reports that Airports Earn over $7.5 Billion from Non-Aeronautical Revenue Biggest growth market is Automated Retailing Units, a key sector for AVT.
CORONA, Calif., March 12, 2014 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in custom vending machines and automated retailing units, commented today on the report in International Business Times, which stated that airports are making more money than ever before, and that Automated Retailing Systems are one of the fastest growing contributors to revenues.
The Times said that a report by Airports Council International showed that airports are also earning more from non-aeronautical sources.
According to the report, non-aeronautical revenue accounted for 44.8 percent of total operating revenue, or $7.56 billion; compared with $9.31 billion, or 55.2 percent in regular aeronautical revenues.
"One of the fastest growing areas is automated retailing units"
The report stated that the number of automated retailing systems is growing quickly and adding handsomely to airport profits. According to the survey, 50 percent of America's airports now have a number of these retail kiosks, up from 41 percent in 2012.
"The kiosks are being placed in areas that would not be able to host normal-sized shopping units and can offer passengers last-minute purchases," the Times reported. "Selling products from everything from hair care products (in FDA-friendly 3-oz. units) to the latest technology."
AVT is a leading developer of automated retailing systems for airports. The company offers a variety of systems, including their award-winning Utique Shop, one of which was recently unveiled in Detroit's DTW Metropolitan Airport.
The company also builds the popular Marley Coffee Automated Cafes that are popping up throughout the nation.
"One of the strengths of AVT is that we have multiple vertical markets, each with its own independent revenue stream," Shannon Illingworth, Founder and Chairman of AVT commented. "We are committed to leading the industry in providing airports with innovative automated retailing systems that have been proven to attract customers and generate a high volume of sales."
For more information on AVT contact the company at (877) 424-3663, or visit the website at: www.autoretail.com.
Read the story in International Business Times: http://www.ibtimes.com/how-do-airports-generate-money-new-study-shows-nearly-half-comes-non-aeronautical-sources-1474992
Read an article about AVT's Utique Store in DTW: http://goo.gl/4wAT8Q
Learn about Marley Coffee Stores at: http://marleycoffeestores.com/
Connect with AVT on Facebook at: www.facebook.com/AVTInc
Follow AVT on Twitter at: www.twitter.com/AVTIncCA
SOURCE AVT, Inc.