NEWS ROUND-UP ACI: ‘All will be affected by China’s BRI’
all be affected by this major development,” says Chau. “In 2018, according to CAA (Civil Aviation Administration) of China, over 100 new international routes were developed in relation to the Belt and Road Initiative (BRI). “The overall sea/land/air connectivity
along the BRI countries will be greatly enhanced to provide many new transport and business opportunities between the West and the East.” Riding on China’s ‘One Belt One Road’
Addressing opportunities for the DF&TR industry connected with China’s Belt and Road initiative (BRI), ACI Asia-Pacific Regional Director Patti Chau (right), tells TRBusiness that the scheme will bring about astounding growth in infrastructure and people exchange with airports being a critical component. “In this day and age of connections, we will
initiative to connect countries together for mutual cooperation, ACI Asia-Pacific believes there are plenty of opportunities worth exploring in Central Asia. “Benefitting from its strategic geographic
location, airports in Kazakhstan and its neighbours are well-positioned to develop themselves as the Eurasian hubs for the forecasted thriving growth in transcontinental traffic,” she adds. In addition to the BRI, Chau says that the recent Qatar-EU aviation agreement
DFS ‘steady’ in Q1; Paris store update
LVMH’s Selective Retailing division – which houses luxury travel retailer DFS Group – registered organic revenue growth of +8% in the first quarter of 2019, with DFS growing ‘at a steady pace’ over the period. “The Gallerias of Hong Kong and Macao
performed particularly well,” says LVMH in a financial statement. “Momentum remained very strong at the Fondaco dei Tedeschi in Venice, the first European site for DFS. Its expansion in Europe will continue in 2020 with an opening in La Samaritaine in Paris.” As reported in July 2017, DFS finally
confirmed the rumours that it would open its second European T Galleria at La Samaritaine in Paris. However, at the time DFS predicted that the new seven- storey store would open in the final quarter of 2019. Downtown retail chain Sephora recorded
strong revenue growth and gained market share over the first quarter, adds LVMH, ‘offering its customers an ever more innovative and interactive experience’. Online sales grew strongly. The LVMH Moët Hennessy Louis Vuitton
Group registered revenue of €12.5bn in the first quarter of 2019 – an increase of 16% – and organic growth of +11% year-on-year. “The trends observed in 2018 continued throughout the first quarter,” adds LVMH.
Ever Rich DF to expand retail at Taoyuan T2
Ever Rich Duty Free tells TRBusiness (p56) that it is prioritising Taoyuan Airport Terminal 2 by expanding the airside commercial space, and focusing on improving the customer experience. “The moment the tender was won we
began working on the refurbishment,” says the Ever Rich spokesperson. “By the end of 2018, the food and
beverage area on 4F was renovated and open for business. “The highlight of the renovation
process was partnering with popular local restaurants with a focus on providing tourists with an authentic taste of Taiwanese cuisine.” Aside work to extend the airside retail
area in Terminal 2 at the airport, which is a 40-year old building, attention is being paid to improving traffic flows in the entire South Wing Area C section. “This traveller-oriented design is
expected to give Terminal 2 a fresh look and improve the current crowded situation,” explains the spokesperson.
to increase mobility, tourism and trade exchange is a ‘great example of a state finding its footing in the whirlwind of a complex global economy’. “This agreement will translate to the
development of new air services, providing more choices for consumers and supporting the economy,” she adds. Find the full-length interview with Chau on p26.
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