TraWell Co Renews Baggage-Wrapping Concession at Miami Airport Through 2036

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TraWell Co, a provider of baggage protection, storage and ancillary services for travelers, has renewed its concession to operate baggage-wrapping services at Miami International Airport until December 31, 2036. The company said Miami International is one of its most strategic and high-traffic locations worldwide, and the renewal extends its presence in North America and provides long-term visibility of revenue from a high-performing airport.

Why it matters

The concession renewal is a significant milestone for TraWell Co, as it extends the company's footprint in a key global hub and provides long-term operational continuity and revenue visibility. Miami International Airport is a strategic location for TraWell Co due to its high passenger volumes, international traffic mix, and importance in the Americas region.

The details

TraWell Co Chairman and CEO Rudolph Gentile stated that the renewal, along with recent renewals in Europe, has resulted in the company achieving a weighted average contract duration of more than five years, the highest level in its 29-year history. The multi-year concessions ensure operational continuity and allow the company to plan long-term investments and value creation.

• TraWell Co's concession at Miami International Airport has been renewed through December 31, 2036.

What they’re saying

What’s next

TraWell Co will continue to operate its baggage-wrapping services at Miami International Airport through the end of the renewed concession in 2036, providing long-term revenue and operational stability for the company.