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Bacardi unveils whisky portfolio pop-up with Heinemann at Istanbul Airport
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IST duty free turnover rockets 95% in January-May | Travel Retail Business
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Wednesday, 17 February 2021 12:47
Duty revenue at TAV Airports fell by 67% in full-year 2020 to total â¬14.9 million. Revenue from duty free concessions at TAV Airports slumped by 67% to â¬14.9 million/$17.0 million in full-year 2020, according to the company’s financial and operational results.
While travel restrictions due to Covid-19 weighed heavily on retail returns, duty free spend per passenger lifted by 39% year-on-year to â¬9.4.
This is based on figures from partner ATÃ Duty Free â the 50% joint venture between TAV Airports Holding and Unifree Duty Free/Gebr. Heinemann.
SPP was positively influenced by price increases in Turkeyâs local market coupled with a changing passenger profile.
All commercial air traffic at Istanbul Atatürk Airport transferred to Istanbul New Airport on 6 April 2019, paving the way for ATà Duty Free to open luxury stores and Bazaar operations in partnership with Istanbul Airport operator İGA Havalimani İ
Monday, 14 December 2020 11:21
The Sustainability Pitch is a groundbreaking new programme from TRBusiness that recognises and rewards stakeholders across the travel retail supply chain.
More than 20 senior travel retail and sustainability executives from across the global travel sector have confirmed their participation as judges in TRBusiness’ ‘The Sustainability Pitch’.
As announced, the pioneering industry-wide recognition programme will showcase and celebrate sustainable initiatives across the travel and travel retail sector.
The Sustainability Pitch will play a central role in the first-ever
Travel Retail Sustainability Week, due to take place on 19-23 April 2021, to coincide with Earth Day on Thursday 22 April.
The programme is a response to the growing importance placed on environmental considerations by consumers in their choice of products and services.