Concession Business Soars... Ourhome's Food Service Sales Up 22% in First Half

First-half Concession Sales Up 28% Year-on-Year
Airport Sales Alone Rise 14%, Accounting for Half of Food Service Revenue
Incheon Airport FB3 Zone Sales Soar 110%

Ourhome announced on July 23 that its food service business sales for the first half of this year increased by 22% compared to the same period last year.

The strong performance of the food service business was driven by balanced growth in its concession operations. Ourhome operates concession businesses at major hubs such as airports, large hospitals, and shopping malls. Total concession sales in the first half rose by 28% year-on-year, leading the growth of the food service business. Among these, airport concession sales increased by 14%, accounting for about half of Ourhome's food service business sales. During the same period, other concession segments, including hospitals and shopping malls, also grew by 10%, maintaining a stable performance trend.

Exterior view of Sonsuheon store that opened in June at Incheon International Airport Terminal 1. Ourhome

Ourhome explained that, among its airport concession businesses, sales in the newly awarded FB3 zone at Incheon Airport increased by approximately 110% compared to the same period last year. The company secured the operating rights for the FB3 zone from Incheon International Airport Corporation at the end of 2023 and has since continued to open new stores and carry out renovations. In addition to last year, Ourhome opened various new concession stores in the first half of this year, including Tasty Ourhome Ground, Hansik Sodamgil, Sonsuheon, and Food Empire. Currently, Ourhome operates about 30 food and beverage outlets within Terminals 1 and 2 (T1 and T2) of Incheon Airport.

Ourhome plans to continue expanding its complex dining spaces within Incheon Airport, aiming to enhance the "gourmet experience during travel." In particular, targeting the increasing number of foreign tourists, the company plans to open around 10 additional outlets this year, including K-food, Asian cuisine, halal food, and dessert stores.

An Ourhome representative stated, "The airport concession business is a key driver of growth for Ourhome's food service operations and serves as an important point of contact for delivering the unique taste and value of Korean cuisine to global customers," adding, "We will continue to operate food service brands that appeal to both domestic and international customers and pursue customer-centric service innovation."