Dufry has announced that it has signed agreements to extend its duty free and duty-paid concession contracts at Brazil’s Sao Paulo Guarulhos and Rio de Janeiro’s Tom Jobim International Airport, reconfirming its commitment to Brazil and consolidating its presence in the country’s travel retail arena.
The new agreements at both airports also give Dufry significantly more retail space, which Dufry says will allow it to improve both its offer to customers and its profitability. See the full story on pages 1 & 2.
In more developments from the Southern cone, Argentina’s Central Bank is reporting that the economy grew by a surprising 0.8% during the first quarter, and that employment has remained stable since new President Mauricio Macri took office. Read more on page 3.
Numbers. The U.S. Department of Commerce’s National Travel and Tourism Office reports that outbound U.S. travel was up by 11% in February, with strong traffic to South/Central America, the Middle East, Mexico and Canada. Page 3.