Despite recent government directives to stay-at-home, U.S. beverage alcohol sales are buoyant as a result of shifts to retail, which includes e-commerce delivery and click-and-pick options, reports IWSR. The recent growth rate in alcohol purchases has been increasing at a much higher pace than overall 2019 growth, which underscores the scale of the current consumer […]
Travel Retail
Regency Group opens new Colon 2000 cruise port stores
The Colon 2000 cruise port in Panama now has a new duty free operation in effect. Regency Group, a privately owned multinational company with headquarters in Panama, which won the concession to develop some 4,500 square meters of premium travel retail space within the terminal in 2018, held a soft opening of its new Colon […]
2020 Travel Markets Insider April Special Edition
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Travel Markets Insider Newsletter Vol. 21 No. 12
The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link. First, we sincerely hope that this issue of Travel Markets Insider finds you and your family well, wherever you are in the world. The world continues to struggle with the worst crisis in living memory […]
Status of Canadian border stores after closing of border with U.S.
The U.S. and Canadian governments agreed to close their shared border to non-essential traffic on Wednesday, March 18. While some stores that serve commercial trucks carrying essential goods have remained open, most others have closed. Barbara Barrett, Executive Director of Canada’s Frontier Duty Free Association confirmed to TMI that CBSA (the Canada Border Services Agency) […]
IAADFS adds its plea for concessionaire relief as airlines seek $50 billion U.S. bailout to survive coronavirus turbulence
A bipartisan coalition of governors and mayors from across the country joined with the entire U.S. aviation industry in a joint letter last Thursday to U.S. Congressional leaders in the Senate and House of Representatives urging the Administration and Congress to work swiftly to provide financial stability for the U.S. airline industry. The International Association […]
Travel Markets Insider Newsletter Vol. 21 No. 11
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 our lead story, TMI reports on the efforts by the International Association of Airport & Duty Free Stores to make sure that the duty free and travel retail concessionaires — especially in the United […]
IAADFS petitions airport partners for relief in face of COVID-19 passenger collapse
Washington, D.C.-based industry trade group IAADFS (International Association of Airport Duty Free Stores) today sent a letter to its airport partners throughout the region, requesting that airports suspend guarantee payments that are based on minimum passenger numbers for the duty free and travel retail stores that operate in the airport, resulting from the “rapid freefall […]
ASUTIL and IAADFS reveal speaker lineup for 2020 Summit of the Americas
ASUTIL and IAADFS have released the full lineup of speakers for the Executive Conference Sessions at the 2020 Duty Free & Travel Retail Summit of the Americas, March 30 – April 2, 2020, at the Hyatt Regency in Orlando, Florida. The Executive Conference Sessions will take place on the mornings of Tuesday, March 31 and […]
BREAKING NEWS: Summit of the Americas to move to Palm Beach, Florida in 2021
THE FOLLOWING NEWS RELEASE WAS JUST ISSUED BY THE INTERNATIONAL ASSOCIATION OF AIRPORT & DUTY FREE STORES – IAADFS. Summit of the Americas to move to Palm Beach, Florida in 2021 WASHINGTON, DC, December 11, 2019 – IAADFS is announcing its decision to move the Summit of the Americas starting in 2021 from […]
Cannes 2019: attendance tops record 7.5k; industry calls for a major thrust for sustainability
The 35th TFWA World Exhibition & Conference was deemed an unqualified success, according to the organizers. Following a week of spectacular weather on the French Riviera, the annual industry event closed on an upbeat note as TFWA President Alain Maingreaud announced that a record 7,531 delegates visited the exhibition during the week, an increase of 7% […]
New era for International Shoppes as it opens duty free concession in Houston
Family-run duty free operator International Shoppes has ventured outside its northeast United States home for the first time with six stores in three terminals at George Bush Intercontinental Airport (IAH) in Houston. IS Vice Presidents Scott Halpern and Matt Greenbaum confirm to TMI that IS opened its first store in the airport this morning […]
TFWA marks 70th anniversary of duty free with major promotional initiative
As readers of TMI may have noticed, we have begun running a series of advertisements highlighting the contributions that the travel retail industry makes to the travel industry and the wider economy. The campaign was created by industry association TFWA to mark the 70th anniversary of the duty free industry this year. The global campaign, which will be […]
Dufry’s organic growth accelerates to 7.2% in 1Q 2017
Leading travel retail company Dufry reports that turnover grew by 4.7% reaching CHF 1,706.8 million in the first quarter of 2017 from CHF 1,630.2 million one year earlier. As a result of stable growth in most locations and improved performance in specific businesses positively impacted by Brazilian and Russian travelers, organic growth continued to accelerate […]
Quieter IAADFS Duty Free Show delivers surprisingly strong results
The 2017 IAADFS Duty Free Show of the Americas delivered surprisingly strong results to exhibitors and operators. Billed by organizers as a “transition year” before next year’s Summit of the Americas launches in partnership with ASUTIL, show goers feared that lower numbers and fewer buyers would negatively impact the value of the show. Despite fewer […]
