Articles tagged “duty-free”

News Blog

Certares and Knighthead Invest $225 Million in Global Blue in Bet on Duty-Free Shopping

Have you ever claimed your value added tax back for things you bought during a trip to Europe? Then you probably used a Global Blue Tax Free Shopping service. Global Blue, a payments specialist for 300,000 partner stores primarily in the European Union, is now on the rebound. It has agreed to receive $225 million…

Business Travel

Accor’s Wojo Goes All In on Remote Working Spaces

Investor appetite, rather than remote employees themselves, will be the driving force that determines where work gets done in the future — including shopping malls.

Accor’s Wojo Goes All In on Remote Working Spaces

Airlines

Paris Duty Free Targets Chinese Travelers With WeChat Mini Program

With China's dominance as the largest outbound market for international departures, it was a smart move by Paris Duty Free to create a WeChat Mini Program. The program encourages Chinese travelers to buy items curated specifically for their tastes. Will other Western airports follow suit?

Paris Duty Free Targets Chinese Travelers With WeChat Mini Program

Business Travel

Luxury Beauty Brands Make Over Airport Retail

Duty-free airport retail is an excellent way to reach coveted consumers. But airports also serve as the perfect global showcase for brands to test market products, try out new retail concepts, and build brand awareness among customers from emerging countries.

Luxury Beauty Brands Make Over Airport Retail

Tourism

Travel Fares Better Than Bling in China’s Giant Shopping Spree for Lunar New Year

The flaccid China economy and trade war concerns are weighing in on Chinese consumption decisions, but the good news is travel companies are better placed than those that sell bling or moutai. Here's a look at winners and losers this Lunar New Year.

Travel Fares Better Than Bling in China’s Giant Shopping Spree for Lunar New Year

Tourism

400 Million Chinese Will Be Traveling During Lunar New Year

Despite the economic uncertainties in China, more people are expected to travel both domestically and internationally during the Lunar New Year holiday. Sure, downturns will definitely hurt the sector — but as someone at InterActiveCorp/Expedia once said, travel is life.

400 Million Chinese Will Be Traveling During Lunar New Year

Business Travel

The Shifting Strategies of Luxury Duty-Free Retailers

With competition from online retailers rising, airport duty-free shops selling luxury goods need to up the ante. Some methods they are using seem to be successful, while others may start annoying potential customers.

The Shifting Strategies of Luxury Duty-Free Retailers

Airlines

Chinese Travelers Love Duty Free and That’s Creating Big Revenue for Airports

Chinese travelers' love of duty free is not just creating a bonanza for Chinese airports. Chinese passengers are buying so many goods at stores in North America, Europe and Australia that many retailers are designing shops to cater to them.

Chinese Travelers Love Duty Free and That’s Creating Big Revenue for Airports

Airlines

Billionaire Bets That Duty-Free Sales Will Grow as Automation Frees Workers to Travel More

Johann Rupert, a billionaire, forecasts that one day workers will be displaced by robots and software and will have plenty of free time to travel. Maybe so. But it seems early to be investing in Dufry, a duty-free company, in the hopes of growth.

Billionaire Bets That Duty-Free Sales Will Grow as Automation Frees Workers to Travel More

Airlines

United Airlines Gives Up on Duty Free

Perhaps it's fitting that United is dropping its duty free program in the same year it is retiring its Boeing 747s. Both harken back to a different time in aviation.

United Airlines Gives Up on Duty Free