Foreign Exchange/Tax Refunds
Global Blue establishes Cash Japan at Japanese airports as new tax-free shopping refund system kicks in
Japan’s new tax-refund system aims to simplify refunds for international shoppers and unlock further on-airport spending before departure.
Fraport CEO Dr. Stefan Schulte says: “We’ve achieved a solid result at the group level, despite a difficult market environment due to the geopolitical situation in the Middle East and steep increases in jet fuel prices.”
Japan’s new tax-refund system aims to simplify refunds for international shoppers and unlock further on-airport spending before departure.
Spirit of Excellence recognises airline and commercial partners’ contributions to connectivity and the guest experience at the world’s leading international airport.
Commercial revenue at the Spanish airports group climbed +7.4% year-on-year to €1,574.1 million, outstripping the +4.1% rise in passenger traffic.
Retail activities, from shops and restaurants to advertising and car rental, saw revenues dip by -3.6% year-on-year through September, caused by multiple factors including the Middle East crisis, currency fluctuation and a softer luxury market.
Retail revenues climbed marginally year-on-year (+0.7%) to £592 million (US$793 million) at the UK hub, against the backdrop of a -0.6% decline in passenger traffic, which included a sharp fall on Middle East routes.
The Moodie Davitt Report, the runaway market leader in travel retail B2B publishing and events, is creating a senior, hands-on editorial and research role to deepen its analytical coverage of the travel retail, airport commercial revenues and wider travel sectors.
Travelex is expanding across Doha with a new landside store at Hamad International Airport, additional customer service points at Al Jadeda metro station and a new store in the Matar Qadeem district.
Welcome to the October edition of The Moodie Davitt Magazine, which is accompanied by Category Insight supplements on Luxury Goods and Confectionery & Food respectively.
Travelex will initially open five stores alongside ATMs across arrivals and departures, comprising two landside and three airside locations and offering more than 50 currencies.
Travelex has strengthened its UK network with key partnership renewals at Liverpool John Lennon and Edinburgh airports, alongside DFDS Seaways, the Port of Dover and Selfridges Oxford Street.
The commercial growth of +9.2% year-on-year to June outstripped a +6.4% rise in passenger traffic in the period.












