The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link.
In Memoriam: We are very sad to report the passing of former TFWA president Jacky Paquet, a true gentleman of the Association and the industry. Page 1.
Cannes 2016 – attendance was down slightly but the industry’s most important annual event sported a surprisingly optimistic vibe throughout the week as suppliers and operators discussed ways to engage a changing demographic.
Overview begins on page 1.
In more Cannes news, TFWA elects a new Board. Page 5.
Congratulations to Paraguayan border operator Shopping China who won Frontier magazine’s Land-based border/ downtown retailer of the year honor at the annual awards dinner held in Cannes during TFWA World Exhibition. For a full list of the winners, please go to page 5.
Regulations. The U.S. Treasury Department announced last week that it has lifted the restrictions on bringing Cuban cigars and Cuban rum back into the United States, granting the same importation limits as products from other countries for the first time in 50 years. More details on page 1.
Airports. LAWA and Westfield bring Sunset Boulevard vibe to LAX T6. Page 2.
Duty Free Americas expands its presence in Brazil with the opening of a duty free store at Porto Alegre’s Salgado Filho International Airport. Page 3.
BY THE NUMBERS. ACI: Passenger traffic growth rate dips in August, but North America turns in strong results. Page 3. Canadian duty free sales up in September. Page 4.
IN THE BOARDROOM. Estée Lauder to buy BECCA Cosmetics. Page 4.
British American Tobacco has offered to buy the 57.8% of Reynolds America that it doesn’t already own in a US$47 billion takeover bid. Page 5.
Coty completes merger with P&G Specialty Beauty Business. Page 5.
Spirits News. Chivas Regal has launched the House of Chivas’ first blended malt Scotch whisky into global travel retail. Page 4.