The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link.
UNWTO- the United Nations World Tourism Organization – has tracked nearly one billion international tourists in the first nine months of 2016, 34 million more than in the same period of 2015. See regional results for the January-September period starting on page 1.
Canada’s Frontier Duty Free Association elected a new slate of officers during its annual Convention and Exhibition, which took place earlier this week in Toronto. The new Board of Directors is listed on page 1, and the winners of the FDFA Gold Standard Awards are on page 5.
The rest of this week’s issue of Travel Markets Insider focuses heavily on people and product news.
Martin Eurnekian, executive director of Aeropuertos Argentina 2000 (AA2000) and its holding company Corporacion America, was unanimously elected as the new chairman of ACI – LAC (Airports Council International – Latin America & Caribbean) at the council’s 25th annual conference held last week in Brasilia. Full story on page 1.
Dufry‘s top executives- CEO Julian Diaz, Chairman Juan Carlos Torres and Dufry Brasil President Humberto Mota - recently met with Brazil’s President Michel Temer,reportedly to discuss a number of topics concerning the future of duty free and travel retail in that country. Page 2.
LVMH has announced it is beginning a €300m share buyback program. Page 2
Shiseido Travel Retail unveiled its dedicated Global Design Center to assist it to nurture strong brands, and maintain brand consistency across all consumer touch points, says the company. Examples of the new coordinated design concepts were on display in Cannes at the Shiseido and BPI booths. See story on page 3.
Bacardi Global Travel Retail has announced the three finalists for the 2017 Bacardi Legacy Cruise Competition. Page 3.
California-based travel accessories company Cabeau showcased a brand new look and expanded product line in Cannes as it continues to win accolades throughout the travel industry for its products and its devotion to community service. Read more details on page 4.
Confectionery. The latest TFWA Category Report highlights the important role that confectionery plays in attracting customers to duty free and travel retail across all categories. As an example of the attention the category is generating, Lindt and Dufryhave joined forces for an exclusive global launch. Pages 4 & 6.
The Estée Lauder Companies Inc. has added another fast-growing stylish makeup brand to its portfolio, announcing that it is acquiring US brand Too Faced cosmetics. Page 6.
More People News: Diageo’s Louise Higgins promoted; Generation Researchbrings on Professor Alex Seret as managing and technical director. Page 1.
In a disturbing development, the US Department of Justice in September reported that former travel retail executive Saul Hyatt pleaded guilty to tax evasion it charges came from the sale of duty free tobacco and alcohol. Hyatt could face up to five years in prison and will be sentenced in January. Story on page 5.