The double-digit growth in commercial income outpaced that of passenger traffic in the year.
Regional
Preliminary figures from AAPA reveal that travel demand in Asia Pacific surged +20% year-on-year in January.
Around 200 tour guides and travel agency representatives from China, Japan and Southeast Asia attended the event, as the retailer seeks to leverage the increasing number of foreign visitors to the country.
The latest 30-year forecasts from ACI World highlight robust traffic growth, despite short-term uncertainties.
Retail revenue, which includes retail concessions and car parking, was driven by higher numbers of departing passengers and an increased use of premium services, said the airport company.
Now open on the third floor, the boutique is set to expand into a duplex store on the fourth floor within the first half of the year, a first in Korean travel retail.
The Italian leathergoods company has reported a +10% year-on-year increase in turnover, driven by its customer-focused strategy and omnichannel expansion.
Qatar Airways Group Chief Retail and Hospitality Officer Thabet Musleh; Plaza Premium Group Chief Transformation Officer Mei Mei Song; Bottega President Sandro Bottega; Airport Dimensions Director of Business Development, EMEA & APAC, Nick Redpath; and Heathrow Airport Head of Category – Retail Stephanie Pears are among the latest confirmed speakers for the event.
During the holiday period, 818,000 passengers made purchases, with a total of 5.642 million items sold.
William Grant & Sons has introduced a high-profile activation to spotlight the travel retail-exclusive Glenfiddich Perpetual Collection with partner Avolta at London Gatwick Airport.
Latest figures released by the Airport Hong Kong Authority reveal that traffic volumes last month reached 5.28 million, with average daily passenger traffic exceeding 170,000.
The ACI Asia-Pacific & Middle East World Business Partners meeting is scheduled for 15 April at Andaz Delhi, followed by the World Business Partners Breakfast with CEOs on 17 April at the same venue.
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