Travel Markets Insider Newsletter Vol. 24 No. 40

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

We are delighted to kick off this issue of Travel Markets Insider with the news that Erik Juul-Mortensen has again been re-elected as President of TFWA—a role he has now served in for 22 years over two terms. The news is particularly welcome since the Association will be celebrating its 40th anniversary in 2024. Congratulations, Erik! More details on page 1.

Airline profits. IATA – the International Air Transport Association – says that airlines will report a slight profit this year, and that profits should strengthen more in 2024. While North American airlines were the first to return to profitability (in 2022), IATA fears that Latin American airlines could be in the red in both 2023 and 2024. Page 1.


Caribbean retailer Rouge Duty Free continues to expand to new markets, and this week announced that it has acquired two stores in Trinidad. Read the story on page 1.

Registration has opened for the inaugural Cosmoprof North America that will be held in Miami (Jan. 23-25, 2024). Page 2.


Vantage Airport Group has acquired more ownership interest in LaGuardia Gateway Partners, Terminal B. Page 2.


Danish jewelry brand Pilgrim creates a “giant spectacle” at Montreal Airport with ARIPage 3.

Duty Free Americas is showcasing Johnnie Walker Blue Label Xordinaire at Punta Cana. Page 3.

Lancôme unveils immersive beauty experience for Rose Agora at JFK Terminal 1 with International Shoppes. Page 6.


PortMiami announces busiest cruise year in its history as it regains its #1 title. Page 4.

Fútbol super-star Lionel Messi to name Royal Caribbean’s new Icon of the Seas. From one Icon to another. Page 4.

Starboard Cruise Services: Carnival Jubilee’s Fun Shops invite guests to enjoy a Texas-themed shopping experience, as the newest ship in Carnival’s Excel-class gets ready to set sail from Galveston. Page 5.


Campari Group to buy Courvoisier Cognac from Beam Suntory. Page 7.

MONARQ Group and the GlenAllachie Distillers partner for Americas & Caribbean distribution. Page 7.

MONARQ and Mark Anthony Brands partner to distribute White Claw Hard Seltzer in the Caribbean. Page 7.