Travel
Duty-Free Operator Avolta Sales Exceed Pre-Pandemic Levels
- CEO says he expects Asia-Pacific to be fastest-growing region
- Number of passengers is expected to double in next 15 years
Avolta AG, the world’s largest duty-free operator, is benefiting from a rebound in travel even though business trips and Chinese tourism haven’t fully recovered, Chief Executive Officer Xavier Rossinyol said.
Sales have exceeded 2019 levels since March, Rossinyol said in a Bloomberg TV interview. Avolta, formerly known as Dufry, changed its name after its acquisition of Italy’s Autogrill, which runs restaurants at highway rest stops.