Travel Retail and Duty Free Business Intelligence    Tuesday 24 May 2016

DATA ROOM

Asia Pacific airline sales hit by soft yields but low fuel costs drive profits

Source: ©The Moodie Davitt Report - 23/05/16

Airline association notes sustained growth in passenger demand but major challenges from intense competition, cost pressures and volatile currency markets.

Asia Pacific & Middle East traffic rises strongly in first quarter

Source: ©The Moodie Davitt Report - 20/05/16

Passenger numbers in Asia Pacific and Middle Eastern airports in March 2016 grew by +9.7% and +10.2% respectively, according to ACI Asia-Pacific.

Air4Casts dismisses talk of an impending European air travel crisis

Source: Air4Casts*, ©The Moodie Davitt Report - 19/05/16

Positive passenger traffic figures in markets across the continent suggest the picture is not as dark as feared, travel retail analyst says in latest briefing.

gategroup posts improved Q1 performance, renews key contracts

Source: ©The Moodie Davitt Report - 19/05/16

SWITZERLAND. Inflight services specialist gategroup showed an improved performance in Q1 2016, and was buoyed by some key contract extensions.

ARI overseas profits up +19%; Irish sales post robust +20% growth

Source: ©The Moodie Davitt Report - 17/05/16

Aer Rianta International lifted offshore profits by double digits in 2015 while the travel retailer's Irish sales outstripped passenger growth.

Hamad International reports +20% passenger traffic increase in Q1

Source: ©The Moodie Davitt Report - 16/05/16

QATAR. The Doha gateway handled a record 8.8 million passengers in the quarter, and 30.9 million passengers in 2015, representing a +17% year-on year increase.

Thai airports post surging non-aeronautical revenues in first half

Source: ©The Moodie Davitt Report - 16/05/16

THAILAND. Non-aeronautical revenues grew sharply at Airports of Thailand locations in the second quarter and first half, buoyed by surging inbound tourism.

Q1 traffic at Copenhagen Airport surges +13.4%; retail revenue up +5.6%

Source: ©The Moodie Davitt Report - 13/05/16

DENMARK. The first quarter of 2016 was the busiest in the airport’s history, while non-aeronautical revenues increased +8.2% largely driven by parking.

Zürich Airport posts sharp decline in commercial turnover in April

Source: ©The Moodie Davitt Report - 13/05/16

SWITZERLAND. Zürich Airport sales from retail and dining slipped in April after an encouraging start to the year, the company has revealed.

Autogrill reports solid +7.7% revenue increase in Q1 2016

Source: ©The Moodie Davitt Report - 12/05/16

ITALY. Good airport revenue growth was driven by a strong performance in North America, with +6.2% growth, and new openings in North Europe and Asia.

Lagardère Travel Retail posts revenue of €852 million in first quarter 2016

Source: ©The Moodie Davitt Report - 12/05/16

FRANCE. Result represents a +7.3% year-on-year increase on a consolidated basis and +6.2% growth on a like-for-like basis; strategic transformation “picks up speed”.

Passenger traffic at Dubai World Central surges +79.8% in Q1 2016

Source: ©The Moodie Davitt Report - 12/05/16

UAE. Increased demand on routes served by major carriers was behind the strong performance; operator Dubai Airports expects growth trend to continue.

Bahrain Duty Free posts healthy +8.5% increase in first-quarter 2016 sales

Source: ©The Moodie Davitt Report - 10/05/16

BAHRAIN. Revenue rose to US$18.6 million though profits were down compared to last year due to a one-off asset disposal in 2015.

Asia Pacific airports experience surge in international passenger traffic

Source: Air4Casts*, ©The Moodie Davitt Report - 09/05/16

ASIA PACIFIC. Air4Casts highlights opportunities for the travel retail industry as strong growth in outbound traffic comes from ‘second tier’ Chinese airports.

International tourism receipts up +3.6% in 2015, according to UNWTO

Source: ©The Moodie Davitt Report - 06/05/16

INTERNATIONAL. Income generated reached an estimated US$ 1,232 billion last year, while there was a +4.4% increase in international arrivals.

Tax free shopping falls to four-year low in March, reports Global Blue

Source: ©The Moodie Davitt Report - 03/05/16

INTERNATIONAL. Monthly sales were down -18% year-on-year, with Chinese travellers spending less and shifting their attention from Europe to Asia.

Organic sales growth buoys Dufry in Q1 as WDF integration gathers pace

Source: ©The Moodie Davitt Report - 02/05/16

INTERNATIONAL. “We had a good start in 2016, with the continuation of the improving organic growth trends we started to see in Q4 2015. Europe had another strong quarter and countries impacted by Brazilians and Russians continued to recover." Dufry CEO Julián Díaz reacts to the retailer's Q1 2016 results, which showed solid organic sales growth, and rising EBITDA, but net earnings fell sharply in the period.

Changi sees +8.1% passenger growth in March; announces store openings

Source: ©The Moodie Davitt Report - 29/04/16

SINGAPORE. Korean fashion brand Redeye, Bottega Veneta, Garrett Popcorn and airport spa service Be Relax have all opened outlets at the Singapore airport.

TAV Airports reports retail revenue growth in Q1; duty free sales flat

Source: ©The Moodie Davitt Report - 29/04/16

TURKEY. Airport company TAV announces +6% year-on-year Q1 2016 increase in retail and catering, flat duty free sales and overall revenue growth of +2%.

Buoyant in Bangalore: commercial revenues show “phenomenal” growth

Source: ©The Moodie Davitt Report - 28/04/16

INDIA. As retail and food & beverage sales growth outstrip passenger increases, Bangalore International Airport Ltd outlines an ambitious commercial vision.

Oettinger Davidoff sales dip in 2015 amid ‘challenging environment’

Source: ©The Moodie Davitt Report - 28/04/16

Sales at premium cigar maker Oettinger Davidoff dipped by -8.2% year-on-year in 2015 due to falling demand in Europe and China and the impact of the Swiss Franc.

Duty Free World Council releases latest Global Shopping Monitor

Source: ©The Moodie Davitt Report - 27/04/16

INTERNATIONAL. The Duty Free World Council has released its quarterly KPI Monitor for Q1 2016, revealing the latest consumer perceptions about travel retail.

International passenger traffic up +4.5% in Asia Pacific in March

Source: ©The Moodie Davitt Report - 27/04/16

ASIA PACIFIC. Airlines in the region carried a total of 24.4 million international passengers during the month as affordable airfares remained available.

Canadian land border duty free sales surge by double digits in Q1

Source: ©The Moodie Davitt Report - 26/04/16

CANADA. Land border sales climbed by a healthy +12% year-on-year in Q1 2016, and by +10% in March, reports the Frontier Duty Free Association.

Dubai International passenger traffic maintains growth momentum in March

Source: ©The Moodie Davitt Report - 26/04/16

UAE. Passenger numbers at Dubai International climbed by +7.4% year-on-year in March, and by +6.8% in the first quarter, as the new Concourse D opened.

Latest Air4Casts and Skyscanner report reveals London's appeal to Chinese

Source: ©Air4Casts, Skyscanner, The Moodie Davitt Report - 26/04/16

UK/CHINA. The second in an exclusive series for The Moodie Davitt Report from Air4casts and Skyscanner underlines London's appeal to Chinese travellers.

Chinese arrivals & Korean departures surge in world's top travel retail market

Source: ©The Moodie Davitt Report - 22/04/16

SOUTH KOREA. It's all good news for travel retailers as Chinese tourism surges, Korean departures gain momentum and even Japanese visitor numbers grow.

Asia Pacific travel demand predicted to grow by +4.6% per year until 2020

Source: ©The Moodie Davitt Report - 21/04/16

ASIA PACIFIC. International traffic into the region will top the 657 million mark by 2020, according to the latest Pacific Asia Travel Association forecasts.

Hainan offshore duty free sales near US$3 billion in first five years

Source: ©The Moodie Davitt Report - 21/04/16

CHINA. The island province’s two offshore duty free shops have received about 6.25 million customers and sold more than 24 million items since 2011.

Heathrow Airport posts sharp rise in retail revenue per passenger in Q1

Source: ©The Moodie Davitt Report - 21/04/16

UK. Buoyed by redevelopment at T5 in particular, Heathrow Airport posts a double-digit surge in Q1 retail revenue and a sharp rise in revenue per passenger.

China to Japan travel demand booms: Air4Casts & Skyscanner provide timely new travel search analysis

Source: ©Air4Casts & Skyscanner* - 20/04/16

CHINA/JAPAN. In the first of a regular new series for The Moodie Davitt Report, Air4casts and Skyscanner reveal the extent of the Chinese visitor surge to Japan.

Chinese tax free spending slows in first quarter, reports Global Blue

Source: ©The Moodie Davitt Report - 20/04/16

CHINA. Tax free shopping spend among Chinese travellers fell by -24% year-on-year in March, according to tax refund specialist Global Blue.

Hong Kong International records +4.8% March increase in passenger traffic

Source: ©The Moodie Davitt Report - 19/04/16

HONG KONG. In the first quarter of 2016, the airport handled 17.6 million passengers which represents a solid +7.5% year-on-year increase.

Retail rebound: Zürich Airport posts gains in commercial turnover in Q1

Source: ©The Moodie Davitt Report - 14/04/16

SWITZERLAND. Zürich Airport commercial turnover climbed by a solid +4.7% year-on-year in March and by +3.6% in the first quarter of 2016.

Dubai International records +6.9% increase in passengers in February

Source: ©The Moodie Davitt Report - 13/04/16

UAE. More than 6.3 million travellers were handled during the month, with the growth coinciding with the opening of the US$1.2 billion Concourse D in February.

Copenhagen Airport reports +11.2% increase in passenger traffic in March

Source: ©The Moodie Davitt Report - 12/04/16

DENMARK. A strong Easter performance contributed to the growth with European routes proving to be particularly robust as airport handled 2.3 million passengers.

Travel retail “should never overlook” the importance of European international passengers, says analyst Air4Casts

Source: Air4Casts*, ©The Moodie Davitt Report - 12/04/16

EUROPE. Although low-cost airlines are driving the growth in Europe's aviation market, the retail potential of budget travellers is “often ignored”, says Air4Casts.

DFS continues to face 'uncertain economic environment in Asia'

Source: ©The Moodie Davitt Report - 11/04/16

INTERNATIONAL. DFS Group results for Q1 continued to be affected by an uncertain economic environment in Asia, says LVMH Moët Hennessy Louis Vuitton.

Gatwick posts +5.8% March increase and three years of consecutive growth

Source: ©The Moodie Davitt Report - 11/04/16

UK. The airport experienced its busiest-ever March, handling 3.1 million passengers, with long-haul routes performing particularly strongly.

Heathrow sets passenger traffic record in March with +2.5% increase

Source: ©The Moodie Davitt Report - 11/04/16

UK. A record 6.1 million passengers passed through the airport’s terminals in March with “fast-growing emerging markets” driving the growth.

European passenger traffic surges +10.3% in February, says ACI

Source: ©The Moodie Davitt Report - 07/04/16

EUROPE. 'Leap year effect' provides boost but “is not the full story” as all national markets recorded positive passenger traffic growth during the month.

ICAO reports strong +6.8% growth in world passenger traffic in 2015

Source: ©The Moodie Davitt Report - 07/04/16

INTERNATIONAL. International traffic was up +6.7% last year while the top 15 global airports recorded a year-on-year growth in passengers of +6.1%, agency reveals.

Non-aviation revenue up +5.4% at Malpensa operator Sea Group

Source: ©The Moodie Davitt Report - 07/04/16

ITALY. Solid increase is attributed to a good retail and food & beverage performance following the introduction of a new commercial offering.

South Korean inbound and outbound tourism starts strongly in 2016

Source: ©The Moodie Davitt Report - 07/04/16

SOUTH KOREA. 2016 is off to a roaring start with Chinese visitor numbers ahead +17.3% over a strong 2015 and Korean departures rising +21.6%.

Boom in American overseas travel benefits range of destinations in 2015

Source: ©The Moodie Davitt Report - 05/04/16

USA. Caribbean countries led the way in leisure travel, while the global hub airports used by US travellers shifted significantly, according to travel retail analyst Air4Casts.

International traffic surges at Dubai and Hong Kong airports in 2015

Source: ©The Moodie Davitt Report - 05/04/16

INTERNATIONAL. Hong Kong closes in on London Heathrow for second place in the overall standings, while Bangkok, Hamad and Madrid recorded double-digit growth.

‘Let’s get more creative’: ACI chief Angela Gittens addresses IAADFS

Source: ©The Moodie Report - 05/04/16

NORTH AMERICA. A guest speaker at the Americas duty free show, ACI World Director General Angela Gittens called for greater creativity in retail.

Slow growth in tax free shopping the “new normal”, says Global Blue

Source: ©The Moodie Davitt Report - 04/04/16

INTERNATIONAL. Weakening demand in Asia means global single-digit monthly growth is likely to continue in 2016, as a +2% increase is recorded in February.

ACI reports strongest rate of growth in passenger traffic since 2010

Source: ©The Moodie Report - 24/03/16

INTERNATIONAL. Global passenger traffic grew +5.7% in December and +6.1% for the 2015 calendar year despite weak economic growth, association says.

Lagardère Travel Retail pledges robust sales and earnings growth to 2019

Source: ©The Moodie Report - 24/03/16

FRANCE. Lagardère Travel Retail has outlined its plans to deliver strong sales and earnings growth through to 2019 in its latest investor conference.