Foreign Exchange/Tax Refunds
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.
“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 today reported financial results for 2024, with the Retail & Properties division posting a +10% rise in revenue year-on-year to €203 million.
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.
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.
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.
Indian warmth and hospitality combine with Swiss technology and efficiency as the country’s newest gateway nears inauguration.
Travelex currently operates 25 ATMs and 13 stores across Frankfurt Airport Terminal 1, covering both arrivals and departures, airside and landside.
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.
The new store is Travelex’s second location in the Arrivals Meet & Greet area and 13th overall at the gateway to Qatar.
“We’re excited to hear from foreign exchange operators that can deliver a compelling and innovative service with a broad range of currencies and most importantly, value for our future passengers,” comments CEO Simon Hickey.
We invite members of the industry community to submit their nominations for People of the Year in 2024.
The Moodie Davitt Report was on location in Kuala Lumpur recently as Malaysia Airports hosted a challenging and forward-thinking conference for its concession partners followed by an exhilarating awards gala and ceremony inspired by the movie Crazy Rich Asians.
