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Awarded contract·Houston Airport System·Texas

Foreign Currency Exchange and Passenger Amenities

$2MSingle Award
Contract source

Description

The City of Houston, via the Houston Airport System, seeks a qualified concessionaire to develop and operate foreign currency exchange and passenger‑amenities services at four airport locations (three at IAH, one at HOU). The contract is structured as a five‑year initial term with two one‑year optional renewals, allowing a maximum term of seven years. The scope includes providing currency exchange services and related passenger amenities, likely encompassing retail, food‑service, and other traveler‑focused offerings. The solicitation emphasizes a limit of 25 clarification questions and includes multiple clarification letters and detailed exhibits on location dimensions and projected sales. • Four concession units across two major Houston airports. • Initial five‑year term with two optional one‑year extensions (up to seven years total). • Requirements include foreign currency exchange services and ancillary passenger amenities, with extensive data packages provided for bidders.

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
10/30/2025
Contract modified
10/28/2025
Duration
5 years (initial term)

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Hospitality and Tourism
NAICS
488190
Solicitation №
RFP-2025-0033

Contract value

$2,000,000

No explicit contract value is disclosed. Based on typical airport concession revenue, a four‑unit foreign‑currency‑exchange/passenger‑amenities concession at two major Houston airports could generate roughly $2 million to $3 million in annual gross sales. Assuming a modest concession fee of 10 % of gross sales, the annual contract revenue to the vendor would be $200 k–$300 k. Over a five‑year base term this yields an estimated contract value of $1 million–$1.5 million, with potential extensions adding up to an additional $400 k–$600 k. Therefore a reasonable ball‑park estimate for the full contract (including optional renewals) is approximately $2 million.

AI estimate from the award documents

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