Travel Markets Insider Newsletter Vol. 17 No. 40

The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link.

Today’s issue of TMI is focused on Dufry, which released its 2015 financial results. Calling 2015 a “transformational year,” as it integrated Nuance and acquired World Duty Free — Dufry delivered a solid year of financial performance, despite the “massive devaluation” of the Brazilian Real and fall in the value of the Russian Ruble.

See full story on page 1 & 2. To view the official Dufry earning presentation, please click here.

In more Dufry news, Dufry and the Hudson Group have opened two new duty free / duty-paid stores at Denver International Airport, adding to the Kiehl’s and Urban Decay branded stores they opened in February. The Group now operates about 6,000 square feet of space in DEN, more than triple the space previously dedicated to the channel. Details on page 4.
Airport News.  Orlando International Airport received the go-ahead for an $1.8 billion expansion project to construct a new South Terminal. Page 2.
Singapore Changi Airport was named the World’s Best Airport in the 2016 Skytrax Airport Awards. Vancouver was named Best Airport in North America. Page 3.
Cancun. Mexican President Enrique Peña Nieto officially inaugurated the recently renovated and extended Terminal 3 at Cancun International Airport on March 13. Construction on Cancun’s new Terminal 4 continues on schedule. Page 4.
Supply Side. Tito’s Handmade Vodka is making huge strides in expanding its international distribution, and is now available in duty free in ten European airports in six countries through Gebr. Heinemann, as well as on-trade in Finland. Full story on page 3.
Diageo GTME launches new Zacapa Edición Negra rum in travel retail. Page 3.
ASUTIL. Registration is now open for the 2016 ASUTIL Conference, taking place June 8-11 in Santiago, Chile. Click here for information.