HELPING THE INDUSTRY GROW - ESTABLISHED 1997 -
AUGUST 2020
TRBusiness Volume 23, Issue 08 August 2020 Contents
TFWA sustainability study............15 The Tax Free World Association has conducted detailed research into the role sustainability plays in influencing shoppers in duty free. Luke Barras-Hill summarises the findings.
TOP 10 AIRPORTS 17-45
Solid year for many, but not all ....17 The majority of landlords in the Top 10 Airports reported a stable year in 2019, but a couple experienced headwinds which brought the overall figure down by -1% this year, says Charlotte Turner.
Duty free licence application spree in China
50-plus retail and F&B units reopen at Heathrow
HKIA reviews ‘most difficult year’ in its history
Top 10 Airports post $12.55bn
in DF&TR sales CDC extends
‘No Sail Order’ for US cruises
Paris Airport’s retail projects ‘absolutely not cancelled’
27 Kadri Samsunlu Istanbul Airport in ecommerce pursuit post-Covid... p44 ALSO INSIDE
SEOUL INCHEON | SINGAPORE CHANGI | DUBAI INTERNATIONAL | SHANGHAI PUDONG | BEIJING CAPITAL | TOKYO NARITA | CONFECTIONERY CONVERSATION AIRLINE NEWS | TRSF | TRMARKETPLACE | CI | PEOPLE NEWS | NOW & THEN
Incheon reaches $2.43bn........... 23 Seoul Incheon Airport takes the DF&TR spending crown again, but protracted rent negotations and dampened interest in its Terminal 1 tender has hampered progress in 2020. Luke Barras-Hill reports.
Pudong’s double-edged sword .. 30 While the opening of the new Satellite Terminal affords Shanghai Pudong Airport room to grow, Covid-19 might compromise its earnings resilience. Andrew Pentol reports.
CDFG drives progress at BCIA..... 32 New duty free contracts at Beijing Capital International Airport (BCIA) spurred non-aeronautical income to a more than 60% share of total revenue, as Andrew Pentol discovers.
Lotte ushers in new Changi era... 25 The appointment of Lotte Duty Free for the liquor & tobacco concession, replacing long-term incumbent DFS Group, and the opening of Jewel Changi Airport were among the highlights for Singapore Changi Airport.
Staggered revival for DDF...........27 Dubai International defended its title as the world’s busiest international airport in 2019, while Dubai Duty Free surpassed $2bn in sales. But it was no mean feat, according to Charlotte Turner.
AUGUST 2020
LHR ‘bucks high street trend’...... 34 London Heathrow Airport Retail Director Fraser Brown tells Luke Barras-Hill that the UK hub witnessed continued demand for British retail across the globe in 2019, particularly from Chinese and US passengers.
Paris Airports’ income up 51% .... 37 Revenue from retail and services at Paris Charles de Gaulle and Orly Airports jumped 50.6% in 2019, according to Groupe ADP. The operator tells Charlotte Turner that major retail projects are ‘absolutely not cancelled’ despite the current situation.
Turbulence in Hong Kong ............ 39 Hong Kong International Airport has endured its ‘most difficult year in history’, with pronounced social unrest confounded by the coronavirus. However, there have been more positive developments, writes Charlotte Turner.
Setbacks at Tokyo Narita ............ 42 The coronavirus prematurely ended the Tokyo Olympics and Paralympics following a fiscal year 2019/2020 in which Narita Airport duty free shop sales declined. Luke Barras-Hill reports.
Istanbul talks up retail ................ 44 The recent opening of ATÜ Duty Free’s Luxury Square at the new Istanbul Airport were the final pieces in the garguantuan commercial jigsaw, following the opening of 53,000sq m of retail space last year.
Counter Intelligence .....................47 A selection of support initiatives and products launched by brands in August.
People ...........................................49 Personnel moves in the market.
Now and Then .............................. 50 Luke Barras-Hill traces 20 years back from then to now.
TRBUSINESS 13
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54
