Define: Concession Recovery Fee
Concession Recovery Fee means a charge added to Airport Customer invoices or rental agreements, calculated as a percentage of Gross Revenues to recover specific operational costs
Concession Recovery Fee means a charge added to Airport Customer invoices or rental agreements, calculated as a percentage of Gross Revenues to recover specific operational costs.
Relevant Circumstances
- Contracts regulating operations at an airport facility
- Contracts in which revenue is tied to a percentage of gross revenue
- Contracts where service or operations costs need to be recovered through customer fees
Relevant Sectors
- Aviation
- Car Rental
- Hospitality