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BY THE NUMBERS
Air traffic continues to show healthy year-over-year gains, reports the latest IATA analysis, although not at the staggering rates that were seen post-pandemic when travel bans first began to be lifted.
As a result of more moderate growth, travel research companies such as Skift are saying that the world is now in a “travel slowdown,” even as it admits that “travel itself is a global megatrend that isn’t abating anytime for coming decades.” Page 1.
Olympics travel
While Paris enjoyed a spike in travel during the Olympics, what will the overall impact be? See report on page 1.
DFWC Q2 KPI Monitor
Good value and convenience remain key purchase drivers, while price and lack of promotions hinder sales in global travel retail, reports m1nd-set in the second quarterly Duty Free World Council KPI Monitor. Details on page 2.
IN THE TMI SPOTLIGHT: CONFECTIONERY
Nestlé International Travel Retail reports that it has been making good progress in delivering category growth since it launched its Food#1 strategy in 2021. NITR is now underpinning this strategy by focusing on the opportunity of the Gen Z consumers, who are expected to be the largest traveling segment by 2028.
Part of its appeal to Gen Z is NITR’s groundbreaking Income Accelerator Programme and its Sustainably Sourced Cocoa line. Read the latest updates on both programs on pages 3 & 4.
Family-owned Mars, Incorporated, meanwhile, will be expanding its snack and food portfolio with the acquisition of Kellanova, owner of such brands as Pringles, Pop-Tarts, Rice Krispies and Kellogg’s. More details on page 3.
PEOPLE
Brown-Forman names Nick Mogford the new head of GTR. Page 4.
Fabrizio Freda to retire from The Estée Lauder Cos. in 2025. Page 4.
WEPURPLE adds strategic project manager to its new Americas team. Page 4.
SUPPLY SIDE: IN THE TMI SPOTLIGHT
Beyoncé partners with Moët Hennessy to launch new American whisky. Page 5.
Michel Germain Parfums launches perfume collection inspired by Emily in Paris Netflix series. Page 5.
AT THE POINT OF SALE
Campari Group GTR Americas sets sail with Royal Caribbean for a summer of exclusive experiences. From an Aperol Pool Party to an enchanted evening hosted by Campari, the company made a big splash onboard Royal Caribbean’s Oasis of the Seas during the President’s Cruise that set sail on June 23. Page 6.
Bacardi GTR elevates the luxury rum market with GTR exclusive Santa Teresa Bicentenario. Page 6.
Pernod Ricard’s premium tequila Codigo 1530 makes its travel retail debut at JFK with DFS. Page 7.
Compass Box launches travel retail exclusive The Travelling Circus with DFS at JFK and LAX. Page 7.
Dubai Duty Free makes record-breaking sale of The Royal Salute Platinum Jubilee Collection, valued at US$140,000. This sale is the single highest transaction within Wines & Spirits in the retailer’s 41-year history. See further details on page 8.
