Dufry’s Gea to speak at ASUTIL conference as registration nears 300

Asutil confirms additional speaker and registration numbers   Registrations for the 21st annual ASUTIL Conference to be held in Rio de Janeiro from June 6 – 9 are proceeding at a good pace and are slightly ahead of the organization’s original budget, Jose Luis Donagaray, Secretary General of the Latin American Duty Free Shops Association tells Travel Markets Insider. […]

Tocumen tender announced

Tocumen SA, the airport management company at Panama’s leading international gateway is set to confirm details of the duty free tender for the airport’s North Terminal. After 2 years of planning with London based Pragma Consulting, Carlos Duboy, the recently appointed airport general manager has published the initial tender details and is expected early next […]

Dufry’s organic growth accelerates to 7.2% in 1Q 2017

Leading travel retail company Dufry reports that turnover grew by 4.7% reaching CHF 1,706.8 million in the first quarter of 2017 from CHF 1,630.2 million one year earlier. As a result of stable growth in most locations and improved performance in specific businesses positively impacted by Brazilian and Russian travelers, organic growth continued to accelerate […]

Travel Markets Insider Newsletter Vol. 18 No. 38

The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link.   Travel Retail and tourism in the region are showing signs of recovery. Dufry Group released its first quarter 2017 earnings results, showing organic growth at a very healthy 7.2% increase. Dufry […]

Travel Markets Insider Newsletter Vol. 18 No. 37

The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link.   The big news that greeted the travel retail industry this morning was Dufry‘s announcement that Chinese travel conglomerate HNA Group had acquired a 16.79% stake in the Swiss travel retailer.   According to […]

WiTR expands via new website launch

Travel retail networking/charity group Women in Travel Retail has reached a stage in its development where the group will formally organize, and will be launching a dedicated website in September created by Singapore based agency FILTR. Since its inception in 2006 WiTR has raised over €100,000 for charities globally. With a network now in excess […]

IAADFS panelists examine growth opportunities in the Americas

IAADFS provided show goers with a preview of the conference that will be an integral part of next year’s Summit of the Americas, with two mornings of educational sessions at its Duty Free Show of the Americas last month. On Monday morning, a panel of speakers representing specific regions discussed “Growth Opportunities in the Americas.” […]

UNWTO: Chinese tourists spent 12% more abroad in 2016

Outbound tourism from China, the world’s leading outbound market, continues to break records. Chinese tourists spent 12% more in 2016 than the year earlier, maintaining the trend of double-digit growth in tourism expenditure every year since 2004, according to preliminary data by the United Nations World Tourism Organization. China’s international tourism spending grew by $11 […]

Chinese group HNA takes stake in Dufry

Chines travel conglomerate HNA Group has acquired 16.79% of the leading travel retail company Dufry. Dufry said that it has been notified by HNA Group that it has exceeded the threshold of 15% due to an agreement with third parties to purchase 16.79% of the shares of Dufry AG. The closing of the transaction is […]

SFO duty free tender draws strong interest

San Francisco International Airport has received significant interest from the duty free industry for the upcoming Request for Proposals (RFP) process for the International Terminal Duty Free and Luxury Stores Lease. Many of the leading duty free operators in the Americas, as well as several Asian and European groups, attended the informational conference held at […]

MONARQ takes on Compass Box Scotch

Alcoholic beverage distribution and marketing company MONARQ Group has added Compass Box Scotch Whisky to its spirits portfolio. As of April 1, MONARQ is representing the award-winning scotches in the Central and South America domestic and duty free markets, the Caribbean domestic and duty free market, and in U.S. duty free. MONARQ Managing Director/Owner Robert de Monchy […]

CLIA and MHA sign collaboration MOU

Cruise Lines International Association (CLIA) and The Marine Hotel Association (MHA) have signed a Memorandum of Under-standing (MOU) to explore a collaboration between the two organizations. The collaboration would bring MHA into CLIA and offer one cohesive membership to cruise lines and suppliers within the cruise industry, utilizing MHA’s experience and resources within the marine […]

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