Latin America

New border shops open in Brazil despite slowdown

Border store openings in Brazil slowed down towards the end of 2019 when the Brazilian economy stagnated and did not advance in line with expectations. The pandemic clearly made the situation much worse for all operators and business was non-existent during the second quarter of this year. As of the beginning of the third quarter, […]

ASUTIL negotiating border allowances and transaction fees in Brazil, as it works on behalf of LATAM industry struck by COVID travel bans

South American Duty Free Association ASUTIL (Asociación Sudamericana de Tiendas Libres) has been working diligently on a number of issues critical to the industry in South America, in addition to its efforts to help com-bat the results of the travel halt from COVID-19. ASUTIL Secretary General José Luis Donagaray informed media that the Association has been […]

Uruguayan border stores begin slow recovery

In spite of closed borders throughout Latin America, several duty free stores are continuing to operate on the Uruguay – Brazil border. The stores on the Uruguayan side of the border are looking after the shopping needs of their Brazilian customers, who reside in neighboring twin towns immediately adjacent to their Uruguayan border. The depressed […]

Aeromexico files for bankruptcy protection

Grupo Aeromexico SAB, Mexico’s second-largest airline, filed for bankruptcy in the U.S., the fourth Latin American carrier to seek the Court’s protection after the COVID-19 pandemic caused a severe downturn in travel, reports Bloomberg. In a message on the Aeromexico website, CEO Andrés Conesa said: “We have initiated a voluntary procedure to implement a financial restructuring […]

OAG: Shake up in South America aviation

In its June 25th coronavirus update report by Becca Rowland, OAG Aviation World-wide points out that while aviation is “reeling” around the world, South America’s carriers are not receiving the significant government support that North America and Europe have seen for airlines. This will be an important factor in how the industry on these continents will emerge from the […]

ASUTIL takes to the press in appeal for government assistance to save regional travel retail industry

South American Duty Free Association ASUTIL turned to one of Uruguay’s leading newspapers, El País, to add weight to its plea to local governments for assistance during the COVID-19 crisis, with requests to use e-commerce to sell to a domestic consumer and to Brazilians. ASUTIL Secretary General Jose Luis Donagaray, speaking with media during a virtual news […]

Sky Duty Free opens first store in Foz de Iguaçu

Despite COVID-19 restrictions in place, Sky Duty Free officially opened the first duty free shop in the Brazilian border town of Foz de Iguaçu this Monday, with an impressive welcome.  The 550sqm store debuted on May 4 with municipal and regional authorities in attendance along with the company’s senior management. The Brazilian government approved the […]

ASUTIL preparing for “the day after”

South American Duty Free Association ASUTIL continues to work diligently with its members and other industry partners looking for ways to ease the financial burden on retailers as a result of the coronavirus pandemic that is decimating travel and travel retail. “People are afraid to travel. The world has stopped. The industry has stopped,” said […]

Regency Group opens new Colon 2000 cruise port stores

The Colon 2000 cruise port in Panama now has a new duty free operation in effect. Regency Group, a privately owned multinational company with headquarters in Panama, which won the concession to develop some 4,500 square meters of premium travel retail space within the terminal in 2018, held a soft opening of its new Colon […]

Seiko now available in select Attenza Duty Free stores

Panama-based Duty Free Dynamics (DFD) continues to make progress with its innovative Master Franchisor concept. Most recently the company has launched Seiko watches in high profile presentations in the Attenza duty free stores in Colombia and Ecuador. The introduction of the brand at Attenza Duty Free featured the launch of Seiko’s iconic collection: New Seiko 5 […]

Travel Markets Insider © 2020