The Travel Markets Insider newsletter is attached to this post as a PDF file. To open the PDF file, please click on this link.
This week the focus is on sustainability, with two of the leading brands in travel retail — Nestlé and The Estée Lauder Companies–underlining their commitments to protecting the environment.
In a major move, Nestlé announced on January 26 that its popular Smarties is the first global confectionery brand to switch to recyclable paper packaging, removing approximately 250 million plastic packs sold globally every year. It is a further step in realizing Nestlé’s ambition to make all of its packaging recyclable or reusable by 2025 and to reduce its use of virgin plastics by one third in the same period.
Nestlé International Travel Retail (NITR) is leading the way with Smarties’ sustainability ambitions, with the full Smarties range changing to recyclable paper packaging this year. See details on page 1. The Estée Lauder Companies – in line with its commitment to embed citizenship and sustainability in every aspect of its business—also announced on January 26 ambitious sustainability goals specific to ELC’s Travel Retail unit that will address emissions, packaging, store design and merchandising, along with sustainable building design as key priorities. See more information on page 3.
The Summit of the Americas organizers – IAADFS, ASUTIL and The Moodie Davitt Report – held a zoomed update presentation this week, and announced another senior airport executive has joined the impressive roster of speakers at the virtual event’s Knowledge Hub. Page 1. ETRCThe 2021 edition of the annual European Travel Retail Council Business Forum, which took place on Jan. 20 & 21, drew more than 350 attendees and – held in association with the Tax Free World Association for the first time — paves the way for greater cooperation for the duty free and travel retail industry, say the organizers. See details and overview on page 2.
ASUTIL Latin American duty free association ASUTIL and Swiss research agency m1nd-set have teamed up to present a fascinating forecast and insights about travel shopping patterns among Latin America’s top four traveling nationalities. Using m1nd-set’s proprietary data tool Business 1ntelligence Service (B1S), the monitor shows key shopping intentions by nationality pre-COVID and post COVID from the US, Mexico, Brazil and Argentina. Page 4
UPDATE: New Azamara owners revealed as buyer of Pacific Princess. Page 3.
IN THE SPOTLIGHT:
Leo Dotolo launches Lion’s Head Consultants to assist companies with training and planning as they come back from pandemic closings. Page 5.
WEBB Banks to distribute Infinium Spirits portfolio. Page 6 Pernod Ricard GTR opens state-of-the-art Maison Martell Boutique in Hainan. Page 6