TRBusiness 90 second news update

By Luke Barras-hill | Thursday, 29 October 2020 17:37

EU arrivals duty and tax free ‘could take a 20-30% slice of airport DF&TR sales’

A sizeable untapped commercial opportunity exists for EU airports should legislators unlock the doors to duty and tax free arrivals shops, research suggests… Read more…

ACI: Almost 200 European airports ‘burning through cash’ face insolvency

ACI Europe has warned that an estimated 193 airports, which represent 277,000 jobs and €12.4 billion/$16 billion of European GDP combined, face insolvency in the coming months if passenger traffic does not start to recover by the year end… Read more….

LHR reports -63% slide in retail revenue; blames UK Gov for stalling on tests

London Heathrow Airport reported another dramatic retail revenue decline of -63.2% in the first nine months of this calendar year, as passenger numbers remain historically low, whilst retail revenue per passenger increased 18.1% to £10.38 over the same period; up from £8.79 in 2019… Read more…

Lotte prepares for return of Chinese travellers with Huabei payment tie-up

Lotte Duty Free says it is preparing for the return of Chinese travellers by introducing popular Chinese micro-loan payment service from Alibaba subsidiary, Ant Group, ‘Huabei’, on 27 October… Read more…

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