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Furthermore, Europe is one of the largest travel retail The white paper also points out that international phase of a planned expansion opens in 2030, and ultimately experiential retail offering. MSC Bellissima will feature in
markets, owing to its stronger base of luxury products. It is locations should curate a luxury offering that connects with more than 260 million passengers a year. Dubai expects shopping space, building on MSC Cruises’ already stellar
anticipated to have the fastest travel retail market growth its location, as travellers are seeking culturally connected to spend around $36 billion on the airport expansion shopping offer, which clinched the Cruise & Ferry Line
with a CAGR of 7.2 per cent in the forecasted period. and unique experiences and often environmentally and the Dubai World Central aviation complex where it Retailer of the Year 2018 award at the Frontier Awards.
The region possesses some of the biggest apparels and responsible interactions across the entire value chain of is located. Meanwhile, Al Maktoum International Airport City Plaza, the centrepiece of a large urban
cosmetics brands, namely, LVMH from France and H&M their tourism experience. They are increasingly looking for Passenger Terminal Building (PTB) last year completed the redevelopment project which links Wuppertal’s railway
from Sweden, which hold a significant share in the luxury this to be echoed in the brands they buy. redevelopment of its existing departures area, with new station to the town centre, opened to the public on 16
apparels, perfumes, and cosmetics sector, thereby making İiGA was founded on October 7, 2013 with the purpose retail space. By the end last year, Al Maktoum now housed April 2019, welcoming over 1,000 visitors in its first hour.
it the second largest travel retail market. Wealthy tourists of constructing and operating for 25 years Istanbul New 4,500sq m of Dubai Duty Free retail space, up from the The building, a five-storey flagship store for Primark, defines
from the Middle East, China, the US and Russia contribute Airport. The first phase of Istanbul New Airport was previous 2,500sq m. the remodelled square in front of the railway station. City
significantly toward the growth of the European travel opened on 5 April this year. It was constructed over a MSC Cruises, the Swiss-based world’s largest privately- Plaza’s curved façade is clad with brass panels alternating
retail market. The historical home of most of the luxury 76.5 million square meter area north of Istanbul. When owned cruise company and market leader in Europe, South with glass to create a striking ‘curtain wall’, lifting the area’s
houses, the European market today accounts for nearly completed fully, the airport will offer flights to more than America and the Gulf, revealed new details of the incredible look and feel alongside the major improvements to the
$23bn of the travel retail sector. 350 destinations with an annual passenger capacity of up retail offering on board the company’s new flagship MSC surrounding public realm. The City of Wuppertal and the
One trend that has grown exponentially in the last couple of to 200 million. The first phase features, 55,000sqm of duty Bellissima with the largest shopping area in the fleet to date Landtag (regional government) of North Rhine-Westphalia
years is that of Chinese tourists arriving in Britain. VisitBritain, free, 32,000sq m of F&B area, a 22,000sq m lounge area, a at 750sq m. With an ever-expanding array of luxury brands invested İ150M to assist this process so that there could
the tourism board of the United Kingdom announced that in 450 room hotel and 10,000sq m of retail space. as well as popular high street names, MSC Bellissima is set be a seamless transition for pedestrians between the city
2017, Chinese arrivals were up by 29 per cent overall to reach A partnership between Changi Airport Group and to inspire guests from all around the globe with a unique centre and the railway station via City Plaza.
a total of 337,000 Chinese visitors. Chinese visitor spending CapitaLand has resulted in a truly groundbreaking project
was up by 35 per cent to reach $900M. launching in Changi, Singapore earlier this year. Jewel Changi
Particularly encouraging among these figures is how Airport, the game-changing development that is raising RETAIL CORRIDOR RETAIL CORRIDOR
spending growth outstripped extremely strong arrivals Singapore’s standing as a tourism destination launched on MSC Bellissima MSC Bellissima
growth. Chinese tourists spent an average of $2,589 per visit 17 April. The 135,700sq m complex at the heart of Changi
in Britain in 2016. 2017 saw substantial growth of 4.5 per cent Airport houses over 280 retail and F&B outlets, one-of-a-
to reach $2,707 per arrival. While this might seem like modest kind play attractions, a hotel and aviation facilities within one
growth, it’s impressive in that the overall spending per capita of Singapore’s largest indoor gardens. Since breaking ground
by outbound Chinese tourists saw a decline in 2017, meaning in December 2014, Jewel has received significant acclaim for
that Britain was bucking the overall global trend. its design and has piqued the excitement of people from
Research from Chalhoub Group’s whitepaper called around the world. It also offers a range of facilities including
“Luxury Travel and Retail: What Does the Future Hold for airport services, indoor gardens and leisure attractions, retail
the GCC”, highlights that brands should focus on experiences, and dining offerings as well as a hotel, all under one roof.
not solely on the product, as luxury travelers are more These unique offerings in Jewel are envisaged to enhance
value driven than any before; they no longer simply want an Changi Airport’s appeal as a premier air hub.
expensive product. Brands must look at what they can do to A major expansion of Dubai’s second airport Al
contribute to the uniqueness of the purchase – particularly Maktoum International will open in 2030, five years later
where younger travellers are concerned, as social highlighting than officials had previously indicated. The airport will be
(online and offline) often drive buying behaviour. able to handle 130 million passengers a year when the first

ISTANBUL NEW AIRPORT
Developer: iGA
36 RETAIL & LEISURE INTERNATIONAL MAY 2019