TraWell Co Renews Miami Airport Contract, Extends Average Duration to Over 5 Years

Renewal strengthens TraWell's presence in North America and provides long-term revenue visibility.

Published on Feb. 12, 2026

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TraWell Co., a global leader in baggage protection and travel services, has renewed its concession to provide baggage wrapping services at Miami International Airport (MIA) until December 31, 2036. This renewal brings TraWell's weighted average contract duration to over 5 years, the highest level in the company's 29-year history.

Why it matters

The Miami airport is one of TraWell's most strategic and high-traffic locations worldwide. The long-term renewal strengthens the company's presence in North America and provides greater revenue visibility and planning capabilities for future investments and growth.

The details

The renewal of the MIA concession, along with recent renewals in Europe, has allowed TraWell to reach a weighted average contract duration of more than 5 years. This is the highest level ever achieved in the company's history. The multi-year concessions ensure operational continuity and a solid foundation for TraWell's long-term development and value creation.

  • TraWell Co. renewed the concession at Miami International Airport until December 31, 2036.
  • The company has been operating at Miami International Airport for more than 29 years.

The players

TraWell Co.

A global leader in baggage protection services, storage and ancillary solutions for travelers. The company is listed on Euronext Growth Milan and operates 128 points of sale in 46 airports across 13 countries.

Miami International Airport (MIA)

One of TraWell's most strategic and high-traffic locations worldwide, representing a key hub in the company's global network.

Rudolph Gentile

Chairman and Chief Executive Officer of TraWell Co.

Daniel Valdespino

VP Business Development of Secure Wrap Group Inc., a joint venture partner of TraWell Co.

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What they’re saying

“The renewal of the concession at Miami International Airport, together with the recent renewals in Europe, represents a particularly significant milestone for TraWell Co. With these agreements, the Group reaches a weighted average contract duration of more than five years, the highest level ever achieved in its more than 29 years of history.”

— Rudolph Gentile, Chairman and Chief Executive Officer of TraWell Co.

“We are pleased to continue the commercial collaboration with Miami Airport and the joint venture with TraWell Co. partners.”

— Daniel Valdespino, VP Business Development of Secure Wrap Group Inc.

What’s next

TraWell Co. plans to continue investing in and developing its services and operations at Miami International Airport and across its global network to drive long-term growth and value creation.

The takeaway

TraWell's long-term renewal at the strategically important Miami airport, combined with recent contract extensions in Europe, has allowed the company to reach its highest-ever weighted average contract duration. This provides greater revenue visibility and a solid foundation for TraWell's future investments and expansion plans.