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HMSHost

HMSHost is a global and leader in providing food and beverage services for venues, including airports, highways, railway stations, and other transportation hubs. As a of AG, a Swiss-based and company formed in 2023 through the merger of Dufry and Autogrill, HMSHost focuses on creating innovative dining experiences that enhance traveler satisfaction. Founded in 1897 as the Van Noy Railway News Company, it began by serving meals on U.S. railway networks and has since evolved into a key player in the travel dining industry. With a strong emphasis on North American operations, HMSHost manages over 1,000 dining locations across nearly 80 airports, offering a diverse portfolio that includes proprietary concepts, national brands like and Dunkin', regional favorites, and partnerships with celebrity chefs. Globally, as part of Avolta's Food & Beverage division, it supports a network exceeding 5,100 outlets in 70 countries across six continents, serving more than 2.5 billion passengers annually and employing over 77,000 people worldwide. The company is renowned for its commitment to quality, innovation, and , integrating digital technologies like ordering and virtual waitlists to streamline experiences in high-traffic environments. HMSHost has earned numerous accolades for its excellence, including the 2025 Airport Experience (AX) Award for Best Overall Restaurateur among large operators and multiple top-10 rankings in USA TODAY's 2024 Readers' Choice Awards for airport dining categories. It also received the 2019 AX Award for Highest Regard for and a 2024 Excellence Award for customer experience at . These achievements underscore its role in elevating travel dining through authentic, diverse culinary offerings tailored to local cultures and traveler preferences.

Overview

Company Profile

HMSHost, a of , traces its origins to 1897 when it was established as the Van Noy Railway News and Hotel Company by the Van Noy Brothers in . The company is headquartered at 6905 Rockledge Drive in . Today, HMSHost operates as a leading travel dining provider, managing over 1,000 food and beverage locations across nearly 80 airports in . It maintains a global presence through its international arm, with operations extending to the , , and . Evolving from its railway service roots, HMSHost has become a dominant force in airport hospitality. The company specializes in curating diverse dining experiences for travelers, featuring proprietary concepts, national brands, local favorites, and partnerships with renowned chefs. Through franchise and managed operations, HMSHost serves millions of passengers annually, enhancing travel journeys with innovative food and beverage offerings.

Business Model

HMSHost generates its primary revenue through concessions, franchises, and management contracts in high-traffic travel environments such as and highways. As a leader in travel dining, the company operates over 1,000 locations across nearly 80 in , focusing on food and beverage services tailored to transient customer flows. These contracts typically involve long-term agreements with authorities and venue operators, where HMSHost manages operations, shares revenue percentages, or pays fixed rents in exchange for exclusive or semi-exclusive rights to develop and run dining outlets. The emphasizes customization to meet diverse traveler preferences by blending global brands with local and proprietary options. HMSHost partners with international chains like and to provide familiar quick-service experiences, while incorporating regional favorites and in-house concepts such as Beaudevin Wine Bar, which offers curated wines and in an upscale setting. This hybrid approach allows adaptation to venue-specific demographics, enhancing and contract retention in competitive bidding processes. Digital integration plays a central role in engaging travelers and streamlining operations, with initiatives like app-based ordering and loyalty programs. HMSHost has partnered with to enable full integration of its mobile order-and-pay and rewards system across locations. The company also deploys self-service kiosks, ordering in over 200 casual dining restaurants, to reduce wait times and boost repeat visits. Sustainability initiatives underpin the model, with commitments to ethical sourcing and waste reduction integrated into daily operations. HMSHost prioritizes suppliers adhering to responsible and ethical practices through its supplier , ensuring compliance with environmental and integrity standards. The "Startsomewhere" program drives waste diversion via food donations, , and composting, aiming for 100% sustainable single-use packaging by 2025 and goals like by 2030. This focus not only mitigates environmental impact but also strengthens partnerships with eco-conscious venue operators. HMSHost's competitive edge stems from its extensive contract portfolio in major U.S. airports, including the world's busiest like Fort Worth International, enabling scale and operational efficiencies across high-volume sites.

History

Origins and Early Expansion

HMSHost traces its origins to the Van Noy Railway News and Hotel Company, established in 1897 by brothers Ira C. Van Noy and Charles S. Van Noy in , initially as a provider of newsstands, cigars, and basic hotel services for passengers along railroad lines. The brothers, who had prior experience with the Union News Company, capitalized on the burgeoning U.S. rail network to offer essential conveniences to travelers, securing early contracts with major carriers like the Missouri Pacific Railway and its subsidiaries, including the , Iron Mountain and Southern Railway. By 1908, the company operated 52 hotels and eating houses, 21 distributing offices, and 20 newsstands, demonstrating rapid initial growth tied to the expansion of rail infrastructure across the Midwest and . In the early 20th century, the company underwent significant mergers that accelerated its expansion along major U.S. railway networks. On October 1, 1914, it merged with the Brown News Company to form the Van Noy-Brown News Company, followed by a 1915 merger with the Interstate News Company, creating the Van Noy Interstate News Company, which managed concessions across approximately 90,000 miles of railroad lines. This period marked the evolution into broader hospitality services, incorporating vending operations for newspapers, magazines, and snacks, as well as full dining facilities like lunch counters and restaurants at key stations, such as the McGehee Eating House in , which served passengers until around 1948. Pre-World War II, these services became integral to rail travel, providing standardized amenities that enhanced passenger experience on long-distance routes operated by lines like the Denver and Rio Grande and Southern Pacific. Following , as automobile travel surged with the rise of the , the company shifted focus toward highway rest stops and service plazas, adapting its rail-honed model to roadside venues. This transition involved expanding into bus terminals and early highway concessions, laying the groundwork for its integration into larger entities like Interstate Hosts and eventually Host International by the late . By the pre-1990s era, operations spanned hundreds of locations across remaining rail points and burgeoning highway networks in multiple states, establishing a foundation for modern travel concessions that emphasized food, retail, and hospitality for diverse transit modes.

Formation and Autogrill Acquisition

On January 2, 1996, Host Marriott Services Corporation was established through a corporate split from Host Marriott Corporation, with the new entity dedicated exclusively to owning and operating food and beverage services in travel venues, while the parent company retained its hotel and real estate assets. This restructuring allowed Host Marriott Services to streamline its operations in airport and highway concessions, building on its established U.S. presence in traveler-focused hospitality. In July 1999, Italian operator Autogrill S.p.A., Europe's leading provider of travel catering services, announced its acquisition of Host Marriott Services for $529 million in cash, aiming to create a global leader in food and beverage for travelers across and . The deal, which positioned Autogrill as the parent company, was completed in September 1999 through a and merger, integrating Host Marriott Services' extensive U.S. network of over 2,200 locations into Autogrill's portfolio. This acquisition enhanced Autogrill's foothold in the high-traffic and motorway sectors, combining American scale with operational know-how. Reflecting its new ownership, Host Marriott Services rebranded as HMSHost Corporation in March 2000, adopting the HMSHost name to signify its evolution under Autogrill's global umbrella. Immediately following the acquisition, HMSHost accelerated growth in airport concessions, securing key contracts in 2000 at for restaurant services and at for retail operations, which drew on Autogrill's expertise in European motorway and catering to introduce innovative traveler dining concepts. In the early 2000s, HMSHost advanced into via a food and beverage concession at in 2008, marking its entry into emerging markets beyond and . Further expansion followed with operations in the beginning at in 2012. These milestones solidified HMSHost's role as a multinational player in travel hospitality under Autogrill's guidance.

Transition to Avolta

In 2021, HMSHost divested its U.S. toll road service areas business to Iris Buyer, LLC, a consortium led by Infrastructure Partners and including Electric, for $375 million. This transaction allowed HMSHost to refocus its operations primarily on concessions, streamlining its portfolio amid a post-pandemic recovery in travel. Early in 2023, Dufry AG completed its acquisition of Autogrill S.p.A., HMSHost's parent company, through a transaction valued at approximately €1 billion, leading to the formation of AG as the new Swiss-based holding entity. As a result, HMSHost became a wholly owned of , integrating its North American food and beverage expertise with Dufry's global travel retail operations. Following the merger, emphasized synergies in travel venues, combining HMSHost's dining services with expanded retail offerings. In 2024, HMSHost implemented post-merger efficiency measures by renewing its headquarters lease in , at 6905 Rockledge Drive, but reducing the space to less than half its previous size—down to about 50,000 square feet from over 100,000. This adjustment supported cost optimization and a more agile operational structure under Avolta's oversight. By 2025, HMSHost aligned closely with Avolta's global strategy, focusing on enhanced integration of and food & beverage services in environments, as evidenced by new multi-year contracts at major airports such as Fort Worth and John F. Kennedy 's Terminal 8. These developments underscored a strategic shift toward diversified under the parent, while HMSHost maintained its core focus on North American airport and venue operations.

Operations

Airport Services

HMSHost operates over 1,000 dining locations in nearly 80 across , providing a range of and beverage services tailored to air travelers. These operations include franchises for national brands such as , , , and , alongside local and regional eateries that reflect the culinary diversity of each 's community. The company's services encompass full-service dining options, from quick-service counters to upscale restaurants, with placements in pre-security areas for arriving passengers and gate-adjacent spots for those awaiting departures. Key to HMSHost's airport footprint are long-term contracts that secure its presence in major U.S. hubs. In February 2025, HMSHost secured a 15-year to manage food and beverage operations in Terminal 4 at (JFK), enhancing dining variety for one of the world's busiest gateways. Similarly, in July 2025, the company was awarded to introduce 14 new dining concepts at , featuring a mix of local flavors and national chains to cater to growing passenger traffic. That same month, HMSHost expanded at through a 10-year agreement, debuting venues like Velvet Taco to support the airport's expansion. In October 2025, HMSHost partnered with celebrity chef and SanTan Spirits to launch new dining experiences at , including casual eateries with bold, regionally inspired menus. In November 2025, approximately 250 HMSHost food and hospitality workers at Minneapolis-St. Paul set a strike deadline of November 24 if no agreement was reached on wages and , potentially disrupting services during the travel period. Beyond North America, HMSHost extends its airport services internationally as part of , operating in over 100 airports worldwide, including key locations in the such as International and International Airports. In , HMSHost manages diverse outlets like Taste of , Olive & Fig, and Umaizushi, blending global cuisines to serve multicultural travelers. Under the umbrella, these operations also cover airports in and , where HMSHost adapts its model to local regulations and passenger preferences while maintaining high standards for . HMSHost emphasizes innovation in its airport services to meet the fast-paced needs of travelers, incorporating contactless technologies such as AI-powered systems from Mashgin, which process orders in under 10 seconds at locations across eight U.S. airports. The company has expanded self-order kiosks and mobile ordering platforms, doubling their adoption in 2022 to reduce wait times and enhance safety. Menus are designed with in mind, offering inclusive options from grab-and-go snacks to full meals that accommodate various dietary needs and cultural tastes around the clock.

Highway and Other Venues

Prior to the 2021 divestiture, HMSHost managed approximately 80 highway service area rest stops across the northeastern and , providing food and beverage services to motorists at key locations. These operations included concessions at major turnpikes such as those in , , , , and , emphasizing quick-service dining options tailored to travelers. In , HMSHost sold its entire U.S. motorways business to a led by Infrastructure Partners for $375 million, marking a significant reduction in its domestic highway footprint. The transaction encompassed operations at over 70 service plazas, allowing the company to streamline its focus while retaining expertise from these legacy venues in developing efficient, traveler-oriented food services. In , HMSHost partnered with Kilmer van Nostrand Co. Ltd. through the Host Kilmer Service Centres to operate the network of service centers along Highways 400 and 401 in from 2010 to 2019. This public-private partnership involved redeveloping 20 facilities into modern rest areas offering diverse dining, retail, and amenities, serving millions of annual travelers before the venture was acquired by Infrastructure Partners and Fengate Assets Management in 2019. HMSHost's rail operations trace back to its foundational expertise in travel concessions and continue through its international arm, which manages food and beverage outlets at train stations in , the , , and the Pacific. For instance, HMSHost has operated concepts like and La Place at 21 railway stations since 2015, including recent expansions with high-speed grab-and-go brands such as TRECK at locations in , , and . These services prioritize convenience for commuters and long-distance passengers, integrating local flavors with efficient service models. Post-2021, following the U.S. divestiture, HMSHost has refocused on selective highway and complementary non-airport venues, operating points of sale on motorways across 30 countries as part of its global portfolio of over 3,200 locations. This shift emphasizes sustainable, traveler-centric designs in areas and rail hubs, particularly in , where the company adapts to regional preferences for family-friendly and quick-service dining.

Corporate Affairs

Ownership and Leadership

HMSHost is a wholly owned of AG (SIX: AVOL), a Swiss-based global leader in travel retail and food & beverage services formed through the 2023 merger of Dufry AG and Autogrill S.p.A. As part of , HMSHost operates under the parent company's overarching framework, which includes a and specialized committees such as the , , , , and Strategy and Integration Committees to oversee strategic decisions and . This structure ensures alignment with 's global objectives while granting HMSHost significant operational autonomy, particularly in its North American focus on and highway dining concessions. Leadership at HMSHost is headed by President and CEO Steven Johnson, who has held the role since 2014 and brings over two decades of experience in venue operations, having joined the company in 2000 to drive business growth in airports and highways. Key executives include and Richard Bennett, a long-time HMSHost appointed in 2022 with deep expertise in across dining locations, and Jake Crandlemire, who serves as for since 2023, leveraging his background in capital management and financial strategy within the sector. HMSHost's performance and financials are fully integrated into Avolta's annual reporting, where it leads the & beverage division, contributing to the parent's consolidated results through metrics like from venue concessions.

Workforce and Financials

HMSHost employs approximately 29,600 people across as of the end of , primarily in service-oriented roles such as and beverage preparation, customer interaction, and venue operations within high-traffic and hubs. These positions support the company's extensive network of over 1,000 locations, emphasizing frontline staff who manage peak-hour demands in dynamic environments. Financially, HMSHost generated CHF 4.3 billion in turnover for its n food and beverage operations in 2024, equivalent to roughly $4.7 billion USD, driven primarily by concession sales, licensing fees, and partnerships with branded eateries. As part of , HMSHost contributed to the parent company's H1 2025 turnover of CHF 6.7 billion, with North American F&B specifically for CHF 1.1 billion in the first half of the year. In the first nine months of 2025, reported total turnover of CHF 10.6 billion with 5.4% , though North America showed some weakness. HMSHost plays a significant role in local economies by providing stable and fostering supplier partnerships, with 24% of its and beverage of sourced locally in 2024 to support regional vendors and reduce dependencies. This approach not only creates indirect jobs through but also enhances ties in the 80 it serves. In terms of labor practices, HMSHost prioritizes comprehensive training , delivering an average of 31 training hours per employee in in 2024, covering areas like , responsible serving, and with and safety standards. The company has earned for its employee-focused initiatives, including the – Excellence in Airport Concessions for Best Employee in 2024 and 2022, highlighting efforts to boost satisfaction and retention among its workforce. For 2024-2025, HMSHost targeted and achieved of 5-7%, with 5.6% realized in 2024 and 5.7% in H1 2025, alongside margin improvements that lifted Avolta's overall EBITDA margin to 9.4% in 2024 through operational efficiencies and captures of CHF 55 million, achieving a run-rate of CHF 85 million.

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