What Unibail-Rodamco-Westfield airports does

Unibail-Rodamco-Westfield Airports — operating today as ASUR Airports following its December 2025 acquisition by Mexico's Grupo Aeroportuario del Sureste (ASUR) for $295 million — manages commercial concession programs at three of the largest US hub airports: JFK (Terminal 8 and the upcoming New Terminal One), Los Angeles International Airport (Terminals 1, 2, 3, 6, Tom Bradley International Terminal and Bradley West Gates), and Chicago O'Hare (Terminal 5). The division was founded in 2018 as a carve-out of European real-estate group Unibail-Rodamco-Westfield and was rebranded ASUR Airports after the acquisition, operating as a private LLC headquartered in Los Angeles with 101–250 employees.

The company's core service is operating airport commercial programs — retail, dining, and duty-free concessions — under long-term concession agreements with airport authorities. Key technical/operational components include terminal redevelopment (exemplified by the $125 million commercial transformation of JFK Terminal 8, which delivered 60+ new concepts including 20 local brands), digital marketplace and mobile-ordering platforms for pre-order and pickup, and a curated brand-portfolio strategy combining global names with local artisans. Ancillary services include leasing outreach and supplier-diversity (ACDBE/MBE-WBE) program administration.

Revenue is generated through two streams: percentage-based transaction/concession fees from sub-tenant brand partners, and managed-services revenue from long-term commercial management contracts with airport authorities (with multi-year capex commitments built in). The customer base is a hybrid B2B mix of airport authorities (contract counterparties) and brand/retail partners (sub-concessionaires), with the ultimate consumer being the 70 million+ annual passengers who move through the network. Geographic reach today is the United States, with the broader ASUR group also operating airports in Mexico and Colombia and pursuing an expansion to 20 additional Latin American airports via a $936 million planned acquisition of CPC Aeroportos.

Name

Unibail-Rodamco-Westfield airports

Legal name

URW Airports, LLC

Website

https://urwairports.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

ASUR Airports is a US airport concessions operator managing retail, dining, and duty-free programs at JFK, LAX, and Chicago O'Hare (9 terminals, 70M+ annual passengers), serving airport authorities, brand partners, and travelers following its 2025 acquisition from Unibail-Rodamco-Westfield by Mexican airport operator ASUR.

Ownership category

akta.pro rank

Product category

Airport Commercial Concessions

NAICS

Airport Operations (48811)

SIC

Airports, Flying Fields & Airport Terminal Services (4581)

akta.pro primary industry

Airport Retail (Duty-Free & Specialty) (THABALAC)

akta.pro secondary industries

Airport Food & Beverage Concessions (THABALAD), Airport Duty-Free Alcohol & Tobacco Stores (CRANAIAA)

Keywords

• Airport commercial concessions
• Airport retail management
• Travel retail operations
• Terminal redevelopment services
• Concession program management

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Airport Commercial Concessions: ASUR operates and manages commercial programs at major US airports including retail, dining, and duty-free concessions. The company generates revenue through concession fees and commercial management contracts with airport authorities.
2. Terminal Redevelopment and Commercial Management: The company invests in and manages terminal redevelopment projects, including the $125 million commercial transformation of JFK Terminal 8, generating revenue through long-term commercial management rights.

Distribution channels3 records

Marketing channels3 records

Core offering

Unibail-Rodamco-Westfield airports (now operating under the ASUR Airports brand) manages and operates commercial concessions at major airports, including retail, dining, duty-free, and digital commerce experiences for travelers. The business focuses on developing and operating high-traffic terminal commercial programs and partnering with consumer brands to deliver elevated travel retail environments.

Product overview

ASUR Airports is a recently acquired division of Grupo Aeroportuario del Sureste (ASUR) that operates airport concessions management across 3 major U.S. airports (JFK, LAX, Chicago O'Hare) with 9 terminals under commercial management and over 70 million annual customers. The company offers a platform combining airport terminal operations management, digital commerce capabilities (digital marketplace, mobile ordering), and commercial development services. The portfolio includes JFK Terminal 8, JFK New Terminal One (NTO), Los Angeles International Airport (Terminals 1, 2, 3, 6, Tom Bradley International Terminal), and Chicago O'Hare Terminal 5. ASUR Airports was formed following ASUR's $295 million acquisition of URW Airports from Unibail-Rodamco-Westfield.

Differentiator

Problem solved

Functional benefit

Products and services

• Airport Commercial Concession Management
• Terminal Commercial Development & Redevelopment
• Brand Partnership & Activation Program

Quantifiable outcome

• 60+ new dining and retail concepts including 20 local brands created for JFK Terminal 8
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Phoenix Infrastructure GroupcoreStrategic or Co-development PartnerMinority-owned infrastructure investment firm playing a key role in the $125 million commercial redevelopment of JFK Terminal 8. Partnership is part of ASUR's commitment to diverse local participation and supplier diversity.
• Duty Free AmericascoreChannel Partner/ Reseller/ DistributorSelected as the duty-free operator at JFK New Terminal One. Flagship duty-free experience spans nearly 20,000 SF, featuring iconic global brands alongside distinctive NYC and Queens-based artisanal products.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• HMSHost: HMSHost, a subsidiary of Autogrill, is the largest U.S. airport food & beverage concessionaire. It directly competes with ASUR Airports for food & beverage and retail concession contracts at major U.S. hubs including JFK, LAX, and O'Hare, making it the closest domestic comparable on portfolio overlap and customer base.
• Paradies Lagardère: Paradies Lagardère is the joint venture delivering travel retail, dining, and specialty concessions across North American airports. It is a direct competitor to ASUR Airports for domestic terminal redevelopment and concession management contracts at JFK, LAX, O'Hare, and other U.S. hubs.
• Avolta (Dufry): Avolta, formed by the merger of Dufry and Autogrill, is the world's largest duty-free and travel retail operator. It directly competes for duty-free and specialty retail concessions at major international hubs, including JFK, where Duty Free Americas operates under an ASUR Airports concession.
• Delaware North: Delaware North is a U.S.-based hospitality and food service company with a sizable travel hospitality division operating at major airports. It directly parallels ASUR Airports' managed concessions portfolio in dining and specialty retail at U.S. hub airports.
• OTG Management: OTG is a U.S. airport hospitality and concessions operator known for redesigning terminal dining and retail experiences. It shares ASUR Airports' model of investing behind terminal redevelopment, brand curation, and digital ordering in major U.S. airports.
• DFS Group: DFS Group, owned by LVMH, is a global luxury duty-free operator anchored in international airport terminals. It is a direct peer on premium duty-free concessions, the category at the center of ASUR Airports' JFK New Terminal One partner Duty Free Americas and broader travel-retail strategy.
• Areas (Areas Worldwide): Areas is a global airport travel hospitality and concessions operator owned by Airport Council International and PAI Partners. It directly parallels ASUR Airports' combined F&B and retail concession management model and pursues similar long-term terminal concessions in U.S. and Latin American airports.
• Lagardère Travel Retail: Lagardère Travel Retail is a leading global travel retail operator covering duty-free, specialty food, and convenience formats in airports and stations. It competes directly with ASUR Airports on multi-format concession bids and shares the premium hub-airport customer profile.
• Hudson Group: Hudson Group is one of the largest U.S. airport retail and newsstand concessionaires, operating convenience, specialty, and duty-paid retail in major hub airports. It is a direct competitor to ASUR Airports for retail-format concessions within the same airport terminals.
• SSP Group: SSP Group is a U.K.-listed travel food and beverage operator with a global footprint across airports and train stations. It competes head-to-head with ASUR Airports for travel hospitality concessions and shares a similar mix of in-terminal dining, retail, and brand-partnership models at major hubs in the Americas.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubevimeo.com/asurairports
• LinkedInlinkedin.com/company/asur-airports

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Unibail-Rodamco-Westfield airports