Welcome to the TRBusiness 90 Second News update for 26 June 2024 – your weekly roundup of duty free and travel retail news, kindly sponsored by Coty.

AOT to begin reclamation process following Skytrax audit report

Findings from the Bangkok Suvarnabhumi International Airport Audit Report of Skytrax, an aviation research and consultancy firm, have suggested Airports of Thailand Public Company Limited (AOT) expedites its development of the areas inside the concourses and Midfield Satellite 1 (SAT-1) at Suvarnabhumi Airport. Read more…

Lotte eyes staff pay cuts; ’emergency recovery plan’

[UPDATED] Lotte Duty Free says it will enact several emergency measures in a bid to streamline its organisational structure and improve financial performance. Read more…

Gen Z highest spenders in Latin America & Caribbean travel retail

Gen Zs from Latin America and the Caribbean spend the most in travel retail, compared to other age groups in the region, parting with an average of $135, despite below average footfall and conversion among this young shopper segment, according to the latest research from m1nd-set. Read more…

Latest Bollywood movie ties retail with entertainment, says Ospree Duty Free

Ospree Duty Free has delivered a promotional campaign for 2024 Bollywood film Chandu Champion featuring prizes and a guest appearance from Indian actor Kartik Aryan. Read more…

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