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<br /> Leading APAC<br /> operators share<br /> strategy updates<br /> CAG leverages<br /> the power of<br /> partnerships<br /> On the ground in<br /> Asia: First-hand<br /> shopper insights<br /> PRINTED LOCALLY<br /> - ESTABLISHED 1997 -<br /> HELPING THE INDUSTRY GROW<br /> MAY 2026<br /> Lotte Duty Free<br /> marks milestone<br /> return to ICN<br /> How Gen Z is<br /> rewriting the<br /> GTR playbook<br /> Decoding APAC's<br /> $120 duty-free<br /> beauty customer<br /> Cissy Chan<br /> AAHK reshapes HKIA retail mix to capture evolving pax demand... p43<br /> ALSO INSIDE<br /> NEWS DIGEST | WHAT'S NEW AT TFWA SINGAPORE | RICOLA TALKS SUSTAINABLY<br /> SOURCED SUGAR | TRAVEL RETAIL AWARDS ASIA PACIFIC | BEAUTY CATEGORY<br /> DYNAMICS IN APAC | COUNTER INTELLIGENCE | PEOPLE NEWS | NOW & THEN<br /> NEEWMORROCCCAANNOILILTTRREEAATTMEENNTTMISISTT<br /> MOROCCANOIL.COM<br /> Light-as-air dry oil spray instantly absorbs into hair<br /> <a title="TRBusiness May 2026 page 1" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=1"> Leading APAC operators share strategy updates C</a> <a title="TRBusiness May 2026 page 2" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=2"> NEEWMORROCCCAANNOILILTTRREEAATTMEENNTTMISISTT </a> <a title="TRBusiness May 2026 page 3" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=3"> Light-as-air dry oil spray instantly absorbs into</a> <a title="TRBusiness May 2026 page 4" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=4"> </a> <a title="TRBusiness May 2026 page 5" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=5"> WELCOME Welcome to the May issue Momentum build</a> <a title="TRBusiness May 2026 page 6" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=6"> </a> <a title="TRBusiness May 2026 page 7" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=7"> The Shilla Duty Free............. 81 Ever R</a> <a title="TRBusiness May 2026 page 8" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=8"> NEWS ROUNDUP Sydney Airport launches major RFP</a> <a title="TRBusiness May 2026 page 9" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=9"> NEWS ROUND-UP AAHK invites EOIs for Skytopia's Y</a> <a title="TRBusiness May 2026 page 10" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=10"> WINNING THE CONSUMER VOTE TRAVEL RETAIL AWARD</a> <a title="TRBusiness May 2026 page 11" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=11"> China Trading Desk launches China marketing AI </a> <a title="TRBusiness May 2026 page 12" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=12"> NEWS ROUNDUP 3 suppliers advancing in Asia...</a> <a title="TRBusiness May 2026 page 13" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=13"> NEWS ROUNDUP JFK Terminal 8 $125m commercial t</a> <a title="TRBusiness May 2026 page 14" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=14"> THE BIG PICTURE 14 TRBUSINESS </a> <a title="TRBusiness May 2026 page 15" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=15"> WHSmith launches Roame travel `minis' beauty rang</a> <a title="TRBusiness May 2026 page 16" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=16"> </a> <a title="TRBusiness May 2026 page 17" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=17"> APAC TRAVEL RETAIL AWARDS 2026 Discover the awa</a> <a title="TRBusiness May 2026 page 18" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=18"> APAC TRAVEL RETAIL AWARDS 2026 travellers in the</a> <a title="TRBusiness May 2026 page 19" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=19"> APAC TRAVEL RETAIL AWARDS 2026 Gift</a> <a title="TRBusiness May 2026 page 20" href="https://secure.viewer.zmags.com/publication/10fe2b66?page=20"> APAC TRAVEL RETAIL AWARDS 2026 Rose Petal 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