Sydney Airport launches EOI for an integrated financial services business

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The FINANCIAL — For the first time, Sydney Airport is inviting expressions of interest (EOI) from financial and related institutions to explore, redefine and revolutionise the current financial services offering at the airport, delivering an enhanced experience and more choice for passengers, visitors and staff.

Currently home to a dynamic and robust foreign exchange business, there is now an opportunity across Sydney Airport’s terminals to complement, leverage and expand this offering to include a range of new financial services such as banking, travel insurance, customer lounges and premium services for prestige customers, according to Sydney Airport.

Sydney Airport general manager retail Glyn Williams said that Sydney is consistently ranked among the most desirable destinations for travel, with Sydney Airport welcoming an increasing number of passengers to our shores. Over the past decade, passenger numbers have grown by around 50 per cent. China is Sydney Airport’s fastest growing international passenger market, growing by 16.4% so far in 2015.

“Sydney is Australia’s business, financial and tourism hub. More than 13.1 million international passengers and 25.4 million domestic passengers travel through Sydney Airport each year, making it Australia’s busiest origin and destination airport. Sydneysiders also have a high propensity to fly, with Melbourne and Brisbane our busiest routes,” Mr Williams said.

“Coupled with our commitment to enhancing the airport experience, this creates a rare opportunity for an innovative financial and currency services business to join Sydney Airport. We’re seeking to partner with visionary thinkers that will transform the way passengers, visitors and staff use financial services at Sydney Airport by offering a new, holistic approach to consumer market services such as first-to-market technology and new engagement platforms – businesses that understand the modern-day traveller and their changing needs.”

 

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