The International Monetary Fund cut its outlook for global growth to the lowest rate since the financial crisis in its latest outlook issued in April. The world economy will grow 3.3 % this year, down from the 3.5 % the IMF had forecast for 2019 in January, according to the latest World Economic Outlook. World trade, which had been growing at about 5%, expanded by 3.8% last year and is forecast to rise 3.4% in 2019. Latin America is particularly hard hit, […]
Brazil
SSP DFA Brazil to open restaurants at Salvador Bahia Airport
A new partnership between SSP and Duty Free Americas (DFA) called SSP DFA Restaurantes Brasil Ltda will be opening seven high-quality restaurants and food and beverage outlets at Salvador Bahia Airport in Brazil. Under the new joint venture, a number of international and local brands will open at the airport. The new deal is […]
The State of São Paulo, Brazil, evaluating PPP opportunities for 20 regional airports through IOS Partners
International economic development consulting and financial advisory firm IOS Partners has been awarded a major multi-airport master planning consultancy to evaluate the opportunities for private-public partnerships for regional airports in the State of São Paulo, Brazil. Under the agreement, IOS Partners will focus on rationalizing State participation in the regional airports, and identify and compare […]
South American duty free sales struggle as regional recovery stalls
The duty free business in the Mercosur countries has continued to struggle in the first four months of this year, with expected improvements in Argentina and Brazil stalled, likely until the end of the year. ASUTIL Secretary General José Luis Donagaray told media in a webinar this week that the industry does not expect to […]
First Brazilian border duty free store could open by the end of the month
Brazilian businessman Marcos Lemos has confirmed to Travel Markets Insider that his company expects to open the first duty free shop in a Brazilian border town at the end of February/beginning of March. This store – under the façade of “Caraballat Free Shop” — will be the first to open in Brazilian territory since the Brazilian government […]
Chinese tourism in Brazil increases and it becomes easier to get a visa
The Rio Convention & Visitors Bureau reports that the number of Chinese tourists arriving in Brazil has been increasing every year, and reached 61,000 last year. According to data from Embratur, the government agency responsible for promoting tourism in Brazil, China advanced four positions in the overall ranking of countries sending visitors to Brazil. Nevertheless, […]
SSP forms JV with DFA to enter South America with two new contracts in Brazil
Airport food and beverage operator SSP has announced it will be entering the South American travel market for the first time after securing contracts with two of Brazil’s main international airports in Sao Paulo and Rio de Janeiro. The agreement is a joint venture partnership between SSP and Duty Free Americas (DFA) that is worth […]
First Brazil border shops could open before year end
Brazil may finally see the opening of its first duty free border stores in December, following the election of Jair Bolsonaro who will succeed Michel Temer as president on January 1. ASUTIL Secretary General Jose Luis Donagaray, in a press briefing held last week, says he expects one or two small operators could open the […]
Floripa launches bidding for commercial area of new Florianopolis terminal
Floripa Airport, the operator of Florianopolis International Airport in Brazil, released tender documents on Oct. 16 for retail, food & beverage and advertising concessions at the airport’s new passenger terminal. The commercial area will cover multiple categories over 4,000 square meters and includes 46 different packages. The new passenger terminal, four times larger than the […]
GUCCI BLOOM blossoms with Coty in Brazil
The vision for GUCCI BLOOM in travel retail was to create a ‘pop-up’ store that strongly communicated GUCCI BLOOM’s key attributes of vitality, creativity, quirkiness and uniqueness. Coty is working with Dufry in Brazil to host this stunning animation in August and September. The ‘pop-up’ created by Coty captured the attention of passengers and transformed […]
Currency crisis in Brazil and Argentina
Buenos Aires-based John Gallagher looks at the economic situation in Latin America and studies how recent currency fluctuations are affecting the duty free business. Currency devaluations in Brazil and Argentina in May and June have led to severe currency fluctuations in both countries, with an overspill that impacts all facets of their economies including […]
Dufry brings the feel of Sao Paulo to its new Destination store at GRU
Dufry brings a distinctly Brazilian vibe to the new “destination” space it recently inaugurated at the Terminal 3 departure area at São Paulo International Airport (GRU). With products from premium local brands offered within an area of 500 sq meters, the store presents a strong sense of place with a wide selection of categories from beauty to fashion. Dufry first […]
Is Latin America’s economic crisis over?
John Gallagher reports from Buenos Aires. As we head into the last quarter of 2017, travel retail suppliers and operators in Latin America are asking if the tentative economic recovery of the first half year is here to stay. Brazil The fall in raw material prices in early 2014 and Brazil’s massive Lavajato corruption scandal brought about […]
Brazil’s airport privatization marches on: Fraport signs concession agreements for Fortaleza and Porto Alegre
Fraport AG has signed the concession agreements with the Brazilian government for managing and developing Fortaleza (FOR) and Porto Alegre (POA) airports. Following its double airport win at the government’s public auction on March 16, 2017, Fraport AG has been planning and creating the foundation for the new Fraport Brasil airport companies, which are expected to […]
DFA pushes Brazil expansion with new duty free stores in Salvador airport
DFA’s rapid expansion into Brazil continues with the recent opening of two duty free stores at Deputado Luís Eduardo Magal-hães International Airport in Salvador. The stores cover 7,700 square feet, and occupy prime areas of the terminal. The multi-category store design enhances DFA’s core portfolio of traditional travel retail products, which includes perfumes and cosmetics, wine and […]
