Financial News

(10-Sep-2002) UK-based airport news and book retailer WH Smith announced last week that sales in its US hotel stores are still suffering from the slump in occupancy rates

(7-Sep-2002) The table below shows travel shopping trends for the ten major nationalities visiting the countries of the Global Refund system during July

(5-Sep-2002) The biggest provider of funds for Hawaii's airport system, DFS Hawaii, is $18 million behind in payments due from sales of duty-free goods to international travelers statewide and is lagging in rent payments for its retail operations at Honolulu Airport, according to airport officials

(31-Aug-2002) DFS Hawaii is lagging $18m behind in its guarantee payments to the State Department of Transportation, according to local reports

(21-Aug-2002) King Power International Group (Thailand) has reported financial results for the second quarter ended June 30 2002

(20-Aug-2002) Overruling objections from the Ministry of Finance (MOF), the Council for Economic Planning and Development (CEPD) in Taiwan has confirmed the passing of a new measure to give exemption of value-added tax, or business tax, to tourists

(20-Aug-2002) Overstocking of Seagram products to retailers before Pernod Ricard acquired the brands has now all but worked through and the world's third-largest drinks group sees duty-free and domestic volumes picking up substantially in the second half

(14-Aug-2002) Luxury jeweller Tiffany & Co announced yesterday it plans to acquire up to 55% of the shares of the travel retailer Little Switzerland that it does not already own

(10-Aug-2002) Duty-free outlets in Dubai's three seaports: Jebel Ali, Port Rashid and Dubai Creek have witnessed a 40% growth this year over the operations in 2001, local officials said

(9-Aug-2002) Autogrill, the multi-national food & beverage concessionaire and parent of US airport retailer HMS Host has reported good results in the first half with increases in profits and cash flow in its European and North American operations