Foreign Exchange/Tax Refunds
Travelex secures five-year contract extension and new store at Amsterdam Airport Schiphol
The new agreement will see the launch of a new store and two additional ATMs, taking Travelex’s portfolio at the airport to 11 stores and 50 ATMs.
Japan reforms tax-free shopping: Consumption tax to be paid at purchase from 2026
The Japanese government has reformed its tax-free shopping system, transitioning from the current Consumption Tax-off model to a Consumption Tax-on scheme.
Interview – Expanding the Extime platform at Paris airports and beyond
Groupe ADP Chief Customer Officer Mathieu Daubert talks about the airport company’s ambitions to extend its Extime retail and hospitality concept two years on from launch.
A landmark for the Kingdom as PIF launches Al Waha, first Saudi-owned duty-free retailer
Al Waha pledges to become a leader in travel retail and secure a greater share of passenger spending. The PIF-owned fund intends to drive growth in Saudi Arabia’s travel retail market by enhancing the traveller experience.
Travelex strengthens its footprint at Dubai International as passenger numbers reach new heights
“Our new stores reflect our mission to be more accessible and convenient to the growing number of visitors to the region,” says Travelex Middle East and Türkiye Managing Director Batu Dölay.
Vienna Airport posts record revenue and increased profits in 2024
Vienna Airport today reported financial results for 2024, with the Retail & Properties division posting a +10% rise in revenue year-on-year to €203 million.
Retail performance outstrips passenger traffic growth for Groupe ADP in 2024
Spend per passenger at the group’s retail and hospitality outlets (under the Extime Paris brand) grew +4.9% year-on-year to €32.10, and reached an impressive high of €87.60 in the renovated CDG Terminal 1.
Double-digit leap in duty-free and food & beverage revenue buoys TAV Airports in 2024
TAV Airports today reported a +27% year-on-year rise in revenue to €1.66 billion in 2024, outpacing an +11% rise in passenger traffic.
Passenger traffic growth outstrips commercial revenue rise at Thai airports
Airports of Thailand reports a +2.7% rise in non-aeronautical revenues for the three months ended 31 December 2024, but this lags behind a +16.4% leap in passenger traffic. UPDATED.
Commercial fit-out advances fast as Noida International Airport opening nears
Indian warmth and hospitality combine with Swiss technology and efficiency as the country’s newest gateway nears inauguration.
Travelex and Fraport renew partnership to expand operations at Frankfurt Airport
Travelex currently operates 25 ATMs and 13 stores across Frankfurt Airport Terminal 1, covering both arrivals and departures, airside and landside.
Australia’s biggest airport retail and commercial event set for 21-23 July in Sydney
The Australian Airports Association Retail & Commercial Forum will take place in Sydney for the first time in 2025. It will run on 22-23 July, preceded by the popular Ground Transport Forum on 21 July.
