Welcome to the TRBusiness 90 Second News update for 27 February 2025 – your weekly roundup of duty free and travel retail news, kindly sponsored by Coty.

Aena records $2bn net profit in 2024 alongside 8.5% pax jump

Passenger traffic for the Aena Group (Spain, London Luton and the Aena Brasil airports) grew by 8.5% in 2024 compared with 2023, to 369.5 million passengers, as it recorded $2bn in profit on the year. Read more…

Shinsegae Duty Free unveils Louis Vuitton store at Incheon Airport T2

Shinsegae Duty Free has officially launched the first-ever Louis Vuitton store at Incheon International Airport Terminal 2 a collaboration which it said underscores the growing importance and potential of South Korea’s duty free market globally. Read more…

Avolta unveils Presentedby experience at Zayed International Airport

Avolta has opened the much-anticipated Presentedby concept at Zayed International Airport (AUH), marking the brand’s first 24-hour store and its debut airport location worldwide. Read more…

Optimism levels hold strong in Q4 2024

Optimism levels among respondents to the Q4 2024 TR Confidence Tracker are holding strong, quarter-over-quarter, with 67.22% of those who took part in the flash poll feeling optimistic about the global travel retail (GTR) industry over the next 12 months (compared to almost 70% in Q3 2024). Read more…

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