Blog: Bumpy landing for travel retail
Olly Wehring | 19 October 2009
Cannes in October. You'd expect it to be sunnier than the UK – and you'd be right.
There is, however, a bit of a chill in the air today (19 October) here in the south of France. For those heading to the annual TFWA World Exhibition, like ourselves, today brought UK passenger numbers that will cool any budding optimism among attendees.
According to the Civil Aviation Authority (CAA), the number of business passengers at Heathrow slid by 5% in 2008 as the economic downturn started to take hold in the last quarter of the year.
As all in the travel retail channel know, lower levels of business passengers means falling revenues for the airlines and lower sales going through the tills at airports.
What's more, the CAA numbers are for 2008 - the depth of the downturn since the turn of the year suggests 2009's numbers will be worse.
If you're here in Cannes, enjoy your week.
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