NEWS ROUND-UP Shilla expects HKIA sales injection in Q3
The Shilla Duty Free (Shilla) is expecting Chinese customer demand to blossom in the third quarter of this year, ahead of the key National Day and Golden Week holiday period beginning 1 October. Duty and tax free revenue is tipped to
increase following the grand opening of its six Beauty&You stores at Hong Kong
International Airport (28 June), together with its beauty and liquor & tobacco outlets at Jeju International Airport (1 June). “Q3 is the peak season for South Korean
customers as we are looking forward to the nation’s biggest holiday in autumn,” commented a Shilla spokesperson. “Also, Chinese demand is expected
to grow before their national holiday in October.” Shilla reported a satisfying Q2
performance, with consolidated revenue surging by 53% to KRW1,05tn ($940m), while operating profit rose by a whopping 680% to KRW64bn ($57.2m) in the same period year-on-year. The linchpin of this growth was
UK Tourists return to Egypt, Turkey & Tunisia
Tourists from the UK are returning to previously popular destinations that have suffered in recent years due to terrorist incidents or civil unrest, such as Turkey, Tunisia and Egypt, according to the latest findings from ForwardKeys and GfK, which predicts future travel patterns by analysing booking transactions by travel agents. The big winners are Turkey, Tunisia and
Egypt, although the two Arab countries have yet to recover their full potential. Turkey with the biggest market share of
the three, is showing a +66.4% growth in UK leisure bookings on last year; Egypt is ahead +50.9%, and Tunisia – with a 0.7% share – is ahead +901.0%. Leisure bookings to perennial
favourites or ‘safe’ destinations, Spain and Portugal have fallen back 2.5% and 0.2% respectively, according to the combined ForwardKeys and GfK data, although their visitor numbers have been kept high in recent years as a result of the threats to other destinations.
downtown and airport operations, which clocked up KRW613bn (+54%) and KRW411.7bn (+51%), respectively. In the case of the latter, Shilla has
cemented an envious position with key concessions at Asia’s airport hub trio of Singapore Changi, Hong Kong
and Incheon. As reported, it is also in the running [correct at the time of writing] for the five-year liquor & tobacco concession at Gimpo International Airport, where it is now competing directly with Lotte Duty Free for the prize after Shinsegae Duty Free’s bid was understood to have been ruled out.
CPH registers H1 concessions’ rise
Copenhagen Airport registered a 2% rise in concession revenue from its shopping centre in the first six months of 2018, driven by growth in the number of departing passengers, an improved shop and brand mix, and more units in connection with the expansion of the security checkpoint. The airport served 14.5m passengers in
the first six months of 2018, up 3.1%. The speciality stores experienced a slight
decline in revenue due to the extensive rebuilding work in connection with the expansion of Terminal 2, says CPH. “The Tax Free shop, operated by
Gebr Heinemann, has been undergoing renovation this year and has therefore also experienced a slight fall in revenue,” says the airport. The new-look store has increased by
200sq m to total 2,600sqm and is now one of the largest in the Hamburg-based travel
retailer’s portfolio. The new store is part of the airport’s
4,000sq m airside expansion; the first phase of which inaugurated this year. Upon completion the extended footprint will accommodate new walking and seating areas as well as new shops and places to eat. In 2017, CPH invested approximately
DKK 1.5bn in expansion and improvements, but this year investments are expected to increase to DKK 1.8-2.1bn.
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