1. a person or company that is granted the right to operate a business or provide a service within a specific area or under specific conditions, usually in exchange for payment or a share of profits
Usage: commonly used in business and commercial contexts

Examples

• The airport concessionaire operates all the retail shops and restaurants in the terminal.
• The company won a bid to become the concessionaire for the parking facilities at the stadium.
• Food service concessionaires must meet strict health and safety standards.
• The concessionaire agreed to pay 15% of annual revenue to the city government.
• Several concessionaires compete to run the snack bars at the national park.
• The concessionaire's contract expires in five years, after which it will be renegotiated.