Travel Retail and Duty Free Business Intelligence    Friday 06 May 2016

DATA ROOM

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.

Asia Pacific and Middle East airports post robust traffic rises in January

Source: ©The Moodie Report - 23/03/16

ASIA PACIFIC. Asia Pacific and Middle East airports posted healthy increases in passenger traffic in January, with hubs such as Delhi and Beijing climbing sharply.

Canadian airport and border duty free posts healthy gains in February

Source: ©The Moodie Report - 23/03/16

CANADA. Airport and land border duty free sales each climbed by double digits year-on-year in February, the FDFA reports.

‘Best results in our history’: Munich Airport's record traffic & earnings

Source: ©The Moodie Report - 23/03/16

GERMANY. Munich Airport posted solid earnings and revenue growth in 2015, as it prepares to open the eagerly awaited new T2 satellite next month.

Dufry: Strong project pipeline set to drive growth in 2016 and beyond

Source: ©The Moodie Report - 16/03/16

INTERNATIONAL. Dufry CEO Julián Díaz talks organic growth, the concessions pipeline, brand partners and duty free versus duty paid growth with investors.

Fraport posts strong retail growth but warns of 'stormier seas'

Source: ©The Moodie Report - 16/03/16

GERMANY/INTERNATIONAL. Fraport's Retail & Real Estate division, so critical to group profitability, turned in another strong showing last year.

Dufry Group delivers solid commercial performance in 'transformational year'

Source: ©The Moodie Report - 15/03/16

INTERNATIONAL. Dufry Group turnover climbed by +46.3% to reach CHF6,139.3 million in 2015 amid what the company described as "a transformational year".

Higher and higher – Dubai International hits new monthly passenger peak

Source: ©The Moodie Report - 15/03/16

UAE. Records, it seems, are simply there to be broken at Dubai International. The New Year begins as 2015 left off with an all-time monthly traffic record.

Pacific Asia Travel Association forecasts surge in regional tourism

Source: ©The Moodie Report - 15/03/16

ASIA PACIFIC. The Pacific Asia Travel Association predicts that international visitor arrivals to the region will surge from 550 million to over 650 million by 2020.

Southeast Asia and Japan traffic buoys Hong Kong International in February

Source: ©The Moodie Report - 14/03/16

HONG KONG. Strong Japan and Southeast Asia traffic, as well as Hong Kong resident traffic, lifted passenger volumes at Hong Kong Airport in February.

Zürich Airport commercial sales boosted by leap day in February

Source: ©The Moodie Report - 14/03/16

SWITZERLAND. Zürich Airport commercial turnover (net sales to consumers from retail and food & beverage) climbed +6% in February.

Leap day impact drives Frankfurt Airport to new February traffic record

Source: ©The Moodie Report - 11/03/16

GERMANY. Buoyed by the leap day, Frankfurt Airport posted an all-time February high for passenger traffic, while Fraport Group's airports had mixed results.

Zürich Airport hurt by commercial impact of Swiss Franc surge

Source: ©The Moodie Report - 11/03/16

SWITZERLAND. Zürich Airport non-aviation revenue climbed marginally in 2015, hit hard by the surge in the value of the Swiss Franc against the Euro.

Autogrill revenues climb sharply and profitability rises across operations

Source: ©The Moodie Report - 10/03/16

ITALY. Global travel food & beverage specialist Autogrill reports revenues of €4,369.2 million for 2015, up +11.2% on 2014, while Ebitda climbs +19%.

gategroup posts solid performance in 2015 as five-year plan takes shape

Source: ©The Moodie Report - 10/03/16

INTERNATIONAL. The Inflight Service acquisition furthers gategroup's ambition to offer "the most complete offering in retail on board," says CEO Xavier Rossinyol.

New winter sun destinations drive growth at Manchester and Stansted

Source: ©The Moodie Report - 10/03/16

UK. A +10.7% increase in passenger numbers is recorded at Manchester Airport in February, while London Stansted handled +15% more traffic.