Foreign Exchange/Tax Refunds
Airports of Thailand feels pinch of abandoned arrivals duty-free in Q3 as concession revenues tumble
Concession revenues across the period reached THB5,187.81 (US$157 million), down -18.79% year-on-year. Across the six months from October to March, these revenues stood at THB10,829.15 (US$327.67 million), falling -9.07%.
Brisbane Airport names Scott Norris as Executive General Manager Commercial
Norris, an experienced and deeply respected airport commercial executive, is currently General Manager of Aviation and Commercial at Sunshine Coast Airport. He has previously held leadership positions at Vancouver, Auckland and Perth airports.
Blockbuster extra-curricular programme for AAA Retail & Commercial Forum takes shape
The Australian Airports Association Retail & Commercial Forum, scheduled for 21-23 July in Sydney, will include a blockbuster programme of seven extra-curricular activities.
Groupe ADP maintains growth in average retail spend despite headwinds
Groupe ADP has reported first-quarter revenues to 31 March, with its Retail and Services division posting a +14.8% rise year-on-year to €489 million.
utu launches tourist refund voucher programme at Dubai’s Gold Souk
A new initiative from the travel fintech company allows downtown shoppers at Gold Souk to choose to convert their tax refunds into vouchers worth up to +25% more than the original refund amount.
Key topics revealed as strong AAA Retail & Commercial Forum programme takes shape
The organisers of the fourth Australian Airports Association Retail & Commercial Forum have revealed key topics to be addressed at this year’s event in Sydney on 21-23 July, as a compelling programme takes shape.
Global Blue data shows softening in tax-free shopping revenues across Europe and Asia Pacific
Global Blue has released its Tax Free Shopping Business Update for March, highlighting a softening in tax-free shopping revenues influenced by less favourable exchange rates.
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.
