The Americas
23 July 2008
Autogrill wins four contracts worth $600m
Through its US division HMSHost, Autogrill today announced that it has won two new contracts to provide retail services at Hartsfield-Jackson Atlanta International Airport, and two new F&B contracts at Mineta San José International... [read more]
Through its US division HMSHost, Autogrill today announced that it has won two new contracts to provide retail services at Hartsfield-Jackson Atlanta International Airport, and two new F&B contracts at Mineta San José International... [read more]
International
23 July 2008
Cruise sector is not immune to fuel hikes
Under pressure from the high price of fuel, Royal Caribbean Cruises has launched a major 'Cost Savings Program' costing $15m to eliminate approximately 400 shore-side positions, one ship and some other operations in an effort to make savings of $125m annually... [read more]
Under pressure from the high price of fuel, Royal Caribbean Cruises has launched a major 'Cost Savings Program' costing $15m to eliminate approximately 400 shore-side positions, one ship and some other operations in an effort to make savings of $125m annually... [read more]
International
23 July 2008
Hermès sales up 12%
French luxury goods company Hermès has reported revenues of E.813.2m ($1.2bn) in the first half of 2008, pointing to strong resilient sales growth in Asia, Europe and US markets... [read more]
French luxury goods company Hermès has reported revenues of E.813.2m ($1.2bn) in the first half of 2008, pointing to strong resilient sales growth in Asia, Europe and US markets... [read more]
Europe
23 July 2008
Gerzon acquires Mimex
Amsterdam Airport Schiphol fashion retailer Gerzon has acquired the 'Leather & Travel' activities of Mimex Airport retailers B.V. in a combination acquisition with World of Delights.<.. [read more]
Amsterdam Airport Schiphol fashion retailer Gerzon has acquired the 'Leather & Travel' activities of Mimex Airport retailers B.V. in a combination acquisition with World of Delights.<.. [read more]
Middle East
23 July 2008
ADP wins major Saudi airport contract
Aéroports de Paris has won a $140m contract to design and build a new airport terminal at Saudi Arabia's King Abdulaziz International Airport (KAIA) in Jeddah... [read more]
Aéroports de Paris has won a $140m contract to design and build a new airport terminal at Saudi Arabia's King Abdulaziz International Airport (KAIA) in Jeddah... [read more]
Currency Corner
22 July 2008
Euro at new all-time high against US dollar
On Tuesday 15 July last week the Euro reached a new all-time high against the US dollar hitting US$ 1.6038 and experts believe it may even rise further. The 15-nation currency's new all-time high against the dollar beats its previous high of US$ 1.6018 set on 22 April 2008... [read more]
On Tuesday 15 July last week the Euro reached a new all-time high against the US dollar hitting US$ 1.6038 and experts believe it may even rise further. The 15-nation currency's new all-time high against the dollar beats its previous high of US$ 1.6018 set on 22 April 2008... [read more]
Europe
22 July 2008
MEP calls for EU-wide ban
While the European Commission continues to try and drive its plan to rise tobacco taxes throughout the 27-nation bloc, Irish MEP Avril Doyle has called for legislation to make it illegal to sell cigarettes and cigars within the European Union by 2025... [read more]
While the European Commission continues to try and drive its plan to rise tobacco taxes throughout the 27-nation bloc, Irish MEP Avril Doyle has called for legislation to make it illegal to sell cigarettes and cigars within the European Union by 2025... [read more]
Europe
22 July 2008
Employing 'excellence' at T5
In a nice touch, World Duty Free has paid tribute to James Smith, its Category Manager for Liquor, Confectionery, Tobacco and Tax Free at Heathrow Terminal 5’s main store who has been singled out as an ‘employee of excellence’... [read more]
In a nice touch, World Duty Free has paid tribute to James Smith, its Category Manager for Liquor, Confectionery, Tobacco and Tax Free at Heathrow Terminal 5’s main store who has been singled out as an ‘employee of excellence’... [read more]
Asia Pacific
22 July 2008
'Safer skies' ahead of Beijing Olympics
China yesterday began using a new air traffic control system which is designed to make its air space safer and more secure during the upcoming Beijing Olympics and beyond... [read more]
China yesterday began using a new air traffic control system which is designed to make its air space safer and more secure during the upcoming Beijing Olympics and beyond... [read more]
Middle East
22 July 2008
Kuwait Airways to be privatised in two years
After initial approval was given earlier this year, Kuwait's Parliament has given the formal green light for the privatisation of the country's national carrier, Kuwait Airways... [read more]
After initial approval was given earlier this year, Kuwait's Parliament has given the formal green light for the privatisation of the country's national carrier, Kuwait Airways... [read more]
Middle East
21 July 2008
DDF sales +31% to $537m
The amazing sales growth at Dubai Duty Free (DDF) continues as the operation reported half-year sales up 31% to Dhms.1.9bn ($537m) over the weekend (alongside record traffic of 18.46m passengers) placing it well on course to pass $1bn in sales by the end of this year, some 25 years after it began operations on December 20, 1983... [read more]
The amazing sales growth at Dubai Duty Free (DDF) continues as the operation reported half-year sales up 31% to Dhms.1.9bn ($537m) over the weekend (alongside record traffic of 18.46m passengers) placing it well on course to pass $1bn in sales by the end of this year, some 25 years after it began operations on December 20, 1983... [read more]
Asia Pacific
21 July 2008
Sky diversifies at Lo Wu
Sky Connection is planning to diversify its product offer at its duty free shop in Lo Wu station which along with its secondary location of Lok Ma Chow handles around 300,000 passengers a day travelling to and from mainland China... [read more]
Sky Connection is planning to diversify its product offer at its duty free shop in Lo Wu station which along with its secondary location of Lok Ma Chow handles around 300,000 passengers a day travelling to and from mainland China... [read more]
Europe
21 July 2008
Spanish air traffic up 2.8% to 99.1m
Passenger traffic recorded at Spain's airports in the first six months of 2008 increased by 2.8% to 99.1m compared with 98.3m during the same period, according to Spanish airports authority Aeropuertos Españoles y Navegación Aérea (AENA)... [read more]
Passenger traffic recorded at Spain's airports in the first six months of 2008 increased by 2.8% to 99.1m compared with 98.3m during the same period, according to Spanish airports authority Aeropuertos Españoles y Navegación Aérea (AENA)... [read more]
International
21 July 2008
Aldeasa reveals overseas' sales potential
The recent presentation of Autogrill's 2008-2010 growth plan at its investor's day this month revealed many interesting figures for the first time, including a breakdown of the $334m-worth of sales by location at 59 shops in 17 airports that will now be managed internationally by Aldeasa. .. [read more]
The recent presentation of Autogrill's 2008-2010 growth plan at its investor's day this month revealed many interesting figures for the first time, including a breakdown of the $334m-worth of sales by location at 59 shops in 17 airports that will now be managed internationally by Aldeasa. .. [read more]
Asia Pacific
21 July 2008
'Asian load factors falling - worse to come...'
The Centre for Asia Pacific Aviation (CAPA) reports that several Asia Pacific airlines are reporting worrying declines in average load factors as the year progresses, in a sign that rising travel costs and a slowing world economy are having an impact on demand... [read more]
The Centre for Asia Pacific Aviation (CAPA) reports that several Asia Pacific airlines are reporting worrying declines in average load factors as the year progresses, in a sign that rising travel costs and a slowing world economy are having an impact on demand... [read more]
Asia Pacific
21 July 2008
Nuance opens new arrivals
The Nuance Group has opened a new duty free arrivals store at Melbourne Airport which CEO Chris Woodruff has described as “the best arrivals store in Australia”... [read more]
The Nuance Group has opened a new duty free arrivals store at Melbourne Airport which CEO Chris Woodruff has described as “the best arrivals store in Australia”... [read more]
International
18 July 2008
IMF is downbeat on growth
Updated forecasts in the International Monetary Fund's World Economic Outlook (WEO) released yesterday suggest that global economic growth is to slow significantly in the second half of 2008... [read more]
Updated forecasts in the International Monetary Fund's World Economic Outlook (WEO) released yesterday suggest that global economic growth is to slow significantly in the second half of 2008... [read more]
Europe
18 July 2008
Ryanair slashes capacity at Stansted
In a dramatic announcement, low-cost airline Ryanair expects to carry 0.9m less passengers from London Stansted Airport in its forthcoming winter season compared with last year which will potentially have a significant negative impact on airport shopping at the location... [read more]
In a dramatic announcement, low-cost airline Ryanair expects to carry 0.9m less passengers from London Stansted Airport in its forthcoming winter season compared with last year which will potentially have a significant negative impact on airport shopping at the location... [read more]
The Americas
18 July 2008
Aerolineas to be sold back to government
As expected, the Argentinean Government has agreed to take over Aerolineas Argentinas from the Spanish travel group owner Marsans for a price that has not yet been disclosed... [read more]
As expected, the Argentinean Government has agreed to take over Aerolineas Argentinas from the Spanish travel group owner Marsans for a price that has not yet been disclosed... [read more]
Europe
18 July 2008
GMR underwrites $3bn bid
According to local reports, the GMR-led consortium that recently won the 20-year contract to build and operate Sabiha Gokcen International Airport (SGIA) airport in Istanbul has mostly underwritten its E.1.9bn ($3bn) investment with its duty free contract award to Turkey's Setur Duty Free... [read more]
According to local reports, the GMR-led consortium that recently won the 20-year contract to build and operate Sabiha Gokcen International Airport (SGIA) airport in Istanbul has mostly underwritten its E.1.9bn ($3bn) investment with its duty free contract award to Turkey's Setur Duty Free... [read more]
Asia Pacific
18 July 2008
Sydney half-year earnings up 9.5%
Sydney Airport today announced a 9.5% increase in earnings (excluding specific non-recurring expenses) for the half year to June 30 2008 which includes a near one-off payment of $A5m ($4.8m) by its duty free operator Nuance in relation to the finalisation of commercial negotiations... [read more]
Sydney Airport today announced a 9.5% increase in earnings (excluding specific non-recurring expenses) for the half year to June 30 2008 which includes a near one-off payment of $A5m ($4.8m) by its duty free operator Nuance in relation to the finalisation of commercial negotiations... [read more]
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