Foreign Exchange/Tax Refunds
Extended local and luxury brand line-up named for New York JFK Airport Terminal 8
Some 24 additional brands are named today that will feature in the Food Hall and duty-free zone at the expanded JFK International Airport Terminal 8; among them are many New York City and Queens brands alongside global luxury labels.
Heathrow Airport retail growth outstrips passenger traffic increase in first nine months
Despite continuing challenges such as the loss of VAT-free shopping, Heathrow Airport turns in a solid retail growth performance in the year to date.
Talking traffic, premium passengers and raising the service bar at Heathrow
Heathrow Retail Director Fraser Brown says the combination of passenger growth, a high-spending audience and improving service levels means the commercial business proposition is a strong one today.
London Heathrow Airport names Global Exchange as new currency services partner
Entry to Heathrow boosts Global Exchange’s UK presence – it already operates at Bristol and London City airports and at central London locations, while long-time Heathrow foreign exchange partner Travelex exits from January.
Travelex reinforces regional presence with exclusive tax refund services at Hamburg Airport
The service allows non-EU residents leaving the region to receive VAT refunds on qualifying products in a choice of more than 45 currencies.
Out now: The Moodie Davitt Magazine & Category Insight
Welcome to the October edition of The Moodie Davitt Magazine, which is accompanied by Category Insight supplements on Luxury Goods and Confectionery & Food respectively.
Aena names stellar shortlists for Enjoy Aena Awards programme
At a ceremony on 29 October Aena will present its commercial excellence awards, including seven for travel retail alongside best airport by category, best travel influencer plus an honorary prize for influential Spanish designer Roberto Verino.
Travelex reinforces presence at Muscat International Airport
The contract extension reinforces Travelex’s 22-year presence at Muscat International Airport, complemented by four new stores across the departure and arrival terminals.
Food & beverage shines as London Gatwick Airport posts surging profits
A -3.2% year-on-year shortfall in retail performance was explained by a one-off duty-free adjustment last year; meanwhile profits rocketed +21.8% to £128.9 million (US$174.1 million).
Aena commercial revenue growth outstrips passenger traffic uplift in first half
Within retail channels, food & beverage (+6.8% year-on-year) and speciality shops (+5.8%) were the best performers by sales, with duty free climbing a modest +0.3%.
Philip Bowcock joins Travelex as Chief Executive Officer amid strategic transformation drive
“I am delighted to join Travelex at this pivotal time in its journey. The business has shown remarkable resilience, having navigated the challenges of the pandemic and made significant progress in recovering and stabilising its operations over recent years,” says Travelex CEO Philip Bowcock.
Stellar short-lists announced for AAA Retail & Commercial Forum Awards
A high-quality list of short-listed candidates has been named for the Australian Airports Association (AAA) Retail & Commercial Forum Awards 2025, following a rigorous independent judging process.
