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Retail activities, from shops and restaurants to advertising and car rental, saw revenues dip by -3.6% year-on-year through September, caused by multiple factors including the Middle East crisis, currency fluctuation and a softer luxury market.
Driven by Fragrances and Makeup, Q3 revenue grew +5.6% like-for-like and +7.2% on a reported basis to €1,391 million, while nine-month revenue rose +4.8% like-for-like (+4.2% reported ) to €3,744.5 million.
Today’s images are courtesy of Vietnam Duty Free as it experiences encouraging consumer reaction and sales to its newly opened stores at Noi Bai International Airport, gateway to the nation’s capital Hanoi.
Our regular column brings you the latest people moves and happenings in the travel retail and aviation sectors.
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The UK’s second-busiest airport parts company with its long-time advertising concessionaire, Global. The transition, effective 1 April next year, brings the entire business in-house. UPDATED WITH INDUSTRY REACTION.
Cosmetics
L’Occitane en Provence CEO Adrien Geiger discusses how the brand’s 50-year heritage is shaping its next chapter, from product innovation and social impact to the role of travel retail in forging stronger connections with consumers.
Airport Hospitality World
We bring you the latest lounge and hospitality services openings from around the world in our popular Airport Hospitality World title.
Hanoi is the seat of government and Noi Bai International Airport therefore carries extra weight as a national showcase. It deserves a world-class shopping offer and it now has one.
“The upgraded boutique showcases Montblanc’s full universe of craftsmanship – from iconic writing instruments and fine timepieces to luxury leather goods,” says Head of Travel Retail Europe Jonas Weber-Heyn.
The strongest performers by division in Q3 were Kering Jewelry (+12% year-on-year on a reported basis) and Kering Eyewear (+6%) as group transformation and revitalisation of the Gucci brand continues.
Babor Beauty Group Director Travel Retail Lara Schlüter discusses the company’s 70th anniversary, its forthcoming Hydration & Electrolyte launch and the opportunity to broaden niche beauty discovery in travel retail.
Majorica unveiled its refreshed identity and Mediterranean-inspired retail concept in Madrid as it targets a younger generation with contemporary pearl jewellery.
“We look forward to joining the Trinity Forum in Milan, exchanging perspectives with industry leaders and exploring new opportunities to elevate the travel retail experience.,” says Venchi Chief Executive Officer Marco Galimberti.
PMI reported a 1.6 percentage point increase in IQOS heated tobacco unit market share at duty-free airport locations, alongside promising results for ZYN and VEEV in the channel.
The report examines how valet services and block parking can increase airport parking capacity while providing travellers with a broader range of parking options.
DFP World has appointed Valentina Nanni as Visual Merchandising Manager as it develops a three-store duty-free network across two international airports in Zimbabwe.
Retail revenues climbed marginally year-on-year (+0.7%) to £592 million (US$793 million) at the UK hub, against the backdrop of a -0.6% decline in passenger traffic, which included a sharp fall on Middle East routes.
Duty-free revenue climbed +11% to €78.4 million, with spend per head leaping +21% to €10.00 in the nine months.
The Duty Free Americas parent company is backing temporary housing and wider humanitarian assistance in the country that has served as its global headquarters for 25 years.
The tender is one of a flurry of forthcoming commercial opportunities as the Hong Kong gateway’s second terminal extends its passenger services.
A series of celebrations begin this week to mark the fourth anniversary of cdf Haikou International Duty-Free Shopping Complex, the world’s largest standalone duty-free store, on 28 October.
Pernod Ricard Global Travel Retail and Perrier-Jouët unite art, nature and Champagne discovery at Paris and Miami airports, spotlighting a limited-edition Belle Époque 2018 created with Iris van Herpen.
ARMAF Director – Strategy & Business Development Evarist Rego discusses the popularity of the Club de Nuit fragrance range, the influence of social media on consumer demand and the brand’s plans for new launches, travel-friendly formats and more engaging airport experiences.
Combining large-format screens and digital columns, the new advertising platform expands opportunities for luxury brands to engage affluent travellers at a key point in the passenger journey.
Australia’s new 24-hour gateway and first major international greenfield airport development in more than 50 years is gearing up to welcome its inaugural passenger flights on 25 October, with Qatar Airways joining its network in lat 2027.
The UK’s second-busiest airport parts company with its long-time advertising concessionaire, Global. The transition, effective 1 April next year, brings the entire business in-house. UPDATED WITH INDUSTRY REACTION.
