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 is a combination of more exciting travel retail developments and several serious issues that will impact how the industry, and travel, may progress in the future.
In our lead story, iconic travel retail and resort lifestyle brand Bijoux Terner is strengthening its travel venue presence as it also undergoes a substantial expansion into U.S. domestic and Caribbean domestic markets, as well as e-commerce after being acquired by new owners. See details on page 1.
Two major airport development stories were announced during the past week. A $125 million commercial redevelopment was announced for JFK Terminal 8, where American Airlines says that a New York-inspired Great Hall will include new retail and dining offerings and performance space that will capture the spontaneity of the City. The concessions overhaul will further enhance the customer experience following the recently completed $400 million expansion and modernization of the Terminal. See further details on page 4.
Out in San Diego, California, meanwhile, the Regional Airport Authority Board last week announced its final group of concession leases for the new Terminal 1 under construction in a $2.265 billion project, the first phase of which is set to open in 2025. Six concessions operators will open 19 restaurants and seven retail stores in the new T1. Read more on page 4.
AT THE POINTOF SALE
Hudson and The House of LR&C, the fashion house of Super Bowl champion Russel Wilson and Grammy-winning singer-songwriter Ciara, have unveiled the first airport store in Denver International Airport. See page 5.
The Duty Free: Trusted, Transparent, Secure campaign.
The Duty Free World Council and Tax Free World Association are gathering momentum for the industry fight against illicit trade which could damage all aspects of the duty free and tax-free business. The groups have drafted a zero-tolerance declaration on illicit trade, counterfeiting and intellectual property theft, and welcomed the first cohort of six major duty free and tax-free retailers who signed it. DFWC President Sarah Branquinho lays out why the campaign is so critical for the future of the business. Page 2.
In another serious issue, the International Air Transport Association (IATA) has issued a very strong statement berating the governments of the United States and Canada for the current air traffic shortcomings that are curtailing flights in both countries and could result in a major safety crisis. Page 3.
TFWA World Exhibition
Famed U.S. journalist and author Bob Woodward will headline the 2023 Tax Free World Conference on Oct. 2 in Cannes. See full list of conference speakers and workshop schedule on page 3.
Ship2Shore Employ, a new recruitment and development company dedicated to connecting former cruise ship crew members with virtual and shoreside employment opportunities, has signed Starboard Cruise Services as its inaugural client. See full story on page 5.
Huber Brands lists Turkey Hill Sugarbush products on eight cruise ships through Starboard. Page 5.
The Macallan unveils new guest release for The Red Collection – a very rare 77-year-old single malt whisky that will be available from The Macallan travel retail boutiques. More details on page 6.
Roberto Cavalli signs a new fragrance license deal with InterParfums. Page 6.
Coty Travel Retail launched the Avant-Premiere of the Burberry Goddess EDP in major airports a month before its worldwide debut on August 1. See page 6.