Building on a transformative 2023, Avolta delivered strong organic growth in Q1 of 8.6% and a further step-up across all financial indicators. All regions contributed to growth. In addition, Avolta’s Destination 2027 strategy is yielding results, supported by an enhanced customer experience and strong execution, reports the company. Reported Turnover reached CHF 2,838.4 million (US$3,134.9 […]
Duty Free
DFWC Q1 2024 KPI Monitor: impulse purchases and interaction on the rise
Impulse purchasing in global duty free is on the rise, reports The Duty Free World Council in its latest quarterly KPI Monitor. The quarterly Monitor, which is produced for the DFWC by industry research agency m1nd-set, reveals that the number of impulse buyers rose by 2% from 26% in Q4 2023 to 28% in Q1 […]
John Thorsell’s InterGlob Services finds travel retail winners
John Thorsell has an eye for picking brands that will be successful in travel retail. Thorsell created InterGlob Services in 2017 after long stints working for major beauty companies L’Oréal and Coty. But since starting his agency, Thorsell has found success in the market in multiple categories. “After more than 15 years in the duty […]
Brown-Forman unveils Benriach 50 Years Old with five bottles going to GTR
Brown-Forman Global Travel Retail (GTR) has announced the launch of Benriach 50 Years Old, the oldest-ever expression of Benriach, at the TFWA Asia Pacific Exhibition & Conference in Singapore. Just 37 bottles of this expression will be available worldwide, with five bottles reserved exclusively for the GTR channel. “We are thrilled to offer five of […]
Loch Lomond Group Debuts New Travel Retail Exclusive Collection
Independent distiller Loch Lomond Group has unveiled a new dedicated travel retail exclusive range for its single malt whisky brand Loch Lomond. The Remarkable Stills Collection features four distinct non chill-filtered whiskies, each crafted to embody key elements of Loch Lomond’s whisky philosophy. Produced from spirit drawn from a variety of stills at precise moments and matured in unusual oak casks from across the […]
Travel Markets Insider Newsletter Vol. 25 No. 13
The Travel Markets Insider newsletter is attached to this letter as a PDF file. To open the PDF file, please click here A LEGEND RETIRES The most important story of the week – if not the year—was the announcement that true industry legend Colm McLoughlin is retiring at the end of this month after 55 years in the industry. With his lovely […]
Travel Markets Insider Newsletter Vol. 25 No. 12
The Travel Markets Insider newsletter is attached to this letter as a PDF file. To open the PDF file, please click here BY THE NUMBERS Both the International Air Transport Association (IATA) and National Travel and Tourism Office (U.S. Dept. of Commerce) released air traffic and tourism data, respectively, this past week. The numbers show continued improvement although most major markets are not yet up […]
IAADFS rebrands and announces move to Miami for new venue for 2025 Summit of the Americas
There was a quiet but industrious feeling at the 2024 IAADFS Summit of the Americas held in West Palm Beach, Florida, from April 14-17, with a vast majority of the exhibitors praising the quality and seriousness of the buyers in attendance. In addition to more buyers from the major duty free operators than in the […]
Travel Markets Insider Newsletter Vol. 25 No. 11
The Travel Markets Insider newsletter is attached to this letter as a PDF file. To open the PDF file, please click here Today’s issue of Travel Markets Insider presents a brief overview of the 2024 Summit of the Americas – and the news that going forward, the International Association of Airport & Duty Free Stores has rebranded with a new name and is moving to […]
Travel Markets Insider Newsletter Vol. 25 No. 10
The Travel Markets Insider newsletter is attached to this letter as a PDF file. To open the PDF file, please click here In Memoriam: It is with great sadness that we announce the sudden passing of Joanne “Joei” Aranha in Nassau, The Bahamas last weekend. Page 4. Today’s huge issue of Travel Markets Insider covers both an incredibly busy week that just […]
Travel Markets Insider Newsletter Vol. 25 No. 9
The Travel Markets Insider newsletter is attached to this letter as a PDF file. To open the PDF file, please click here We start this week’s issue of Travel Markets Insider with a lot of trade show and association information. ASUTIL: Pre-registration is now open for the 2024 ASUTIL Conference, taking place in Bogota, Colombia June 19-20. Please note that Early Bird rates […]
Travel Markets Insider Newsletter Vol. 25 No. 8
The Travel Markets Insider newsletter is attached to this letter as a PDF file. To open the PDF file, please click here BREAKING NEWS The IAADFS has just announced that it has added a fourth supplier member to its Board of Directors — Julia Seve, Managing Director for L’Oréal Travel Retail Americas. “We are delighted that Julia is joining […]
Travel Markets Insider Newsletter Vol. 25 No. 7
The Travel Markets Insider newsletter is attached to this letter as a PDF file. To open the PDF file, please click here Summit Plenary Session and Workshop The International Association of Airport and Duty Free Stores (IAADFS) has announced that it will hold a plenary session at the 2024 Summit of the Americas that will feature a panel comprised of Greg Ford of Pernod Ricard, Felipe Grant from Puig Travel […]
Travel Markets Insider Newsletter Vol. 25 No. 6
The Travel Markets Insider newsletter is attached to this letter as a PDF file. To open the PDF file, please click here Today’s news: The Dufry-Autogrill business combination appears to be a resounding success, as the newly named entity, Avolta, reports that it has delivered on its synergy targets and generated an impressive set of financial results in its first year. See […]
Travel Markets Insider Newsletter Vol. 25 No. 5
The Travel Markets Insider newsletter is attached to this letter as a PDF file. To open the PDF file, please click here NOTE: We will once again be holding a gathering of Women in Travel Retail+ during the 2024 IAADFS Summit of the Americas, that will take place prior to the opening cocktail on Sunday evening, April 14th. Stay […]
