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The United Nations World Tourism Organization released its annual World Tourism Barometer this week and international tourism held surprisingly strong throughout the year. The Asia and Pacific region led growth at +7%; and emerging economies regained the lead over more advanced economies. The Americas held its own, with Central America and the Caribbean ahead of last year, and good results in North and South America as well. Details on page 1, 3.
Feature Interview: TMI speaks One on One with MarketPlace Development President Paul McGinn about the plans ahead for the airport developer’s new concessions contracts at Dulles Washington and Reagan National airports. Page 1.
Luxury remains strong for the LVMH group, which today reports net profit up 12% for 2012.
Technology. Nestlé International Travel Retail has launched an exclusive Twitter feed for the Travel Retail industry as the next step in promoting its Perfect Store initiative. Read more on page 2.
Supply Side. William Grant & Sons The Balvenie launches Batch 7 of its Tun 1041, a travel retail exclusive single malt whisky, while in New York City, WGS held the The Balvenie Inaugural Rare Craft Fellowship Awards.TMI’s Michael Pasternak reports.
WGS has also released the third whisky in its travel retail exclusive Glenfiddich Age of Discovery range – this one inspired by Charles Darwin’s renowned journey on the HMS Beagle in 1831.
In Canada’s Niagara wine region, the weather was finally right for Inniskillin’s 2012 harvest of grapes for its award-winning Icewines, and the company announces the creation of a special limited edition from the 2012 vintage, along with a new structure for its travel retail business. Page 4.