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Tag: pacific

  • Cebu Pacific extends free rebooking, travel fund option until June 30

    Cebu Pacific extends free rebooking, travel fund option until June 30

    Budget carrier Cebu Pacific is extending its free rebooking and travel option for passengers with booked flights until June 30.

    The airline decided to adjust its booking policies to provide its passengers with “flexibility and peace of mind,” in case they change their travel plans amid uncertainties surrounding the coronavirus disease 2019 (COVID-19) situation.

    Cebu Pacific said it still plans to operate flights by April 15 as scheduled.

    However, passengers with confirmed bookings on any Cebu Pacific domestic or international flight from April 15 to June 30, 2020 have the following options:

    • Free rebooking – rebook flights on any travel date with change fees waived. Fare difference may apply.

    To rebook the flight, use the “Manage Booking” portal in the Cebu Pacific website.

    • Travel Fund – place the full cost of the ticket in a Travel Fund which can then be used as payment for a future booking. The Travel Fund is valid for 180 days and can be used for bookings as far as 12 months out.

    To avail of the Travel Fund option, use the “Manage Booking” portal in the Cebu Pacific website to cancel their booking and store the value in the Travel Fund.

    “New flights booked from April 15 to June 30 (regardless of travel date and route), on the other hand, include CEB Flexi for FREE,” Cebu Pacific said.

    CEB Flexi enables travelers to rebook their flights up to two times, fare difference may apply.

    The airline also apologized for the delays in reverting to messages and long wait times for calls.

    “This is due to the high volume of passenger concerns being addressed by our team. Please bear with us,” it said.

    “We thank our passengers, partners and our stakeholders for their patience and trust,” it added.

  • Cebu Pacific profit surges by 143%

    Cebu Pacific profit surges by 143%

    The operator of budget airline Cebu Pacific saw its net income surge by 143 percent in the first nine months of the year as earnings were lifted by strong passenger bookings and stable costs.

    Cebu Air Inc., a subsidiary of the Gokongwei family’s JG Summit Holdings, said on Tuesday that net income from January to September hit P6.75 billion versus P2.78 billion during the same period last year.

    Cebu Air has been ramping up capacity to meet the rising demand for air travel. Passenger revenue during the nine-month period went up 17.9 percent to P46.6 billion. Some 16.7 million flyers used Cebu Air during the period, representing a growth of 10.4 percent.

    Moreover, average fares went up 6.7 percent to P2,794, the budget airline said. Other revenue sources such as cargo and ancillary also went up 5.3 percent and 22.2 percent, respectively.

    Overall, Cebu Air’s revenue increased by 17.7 percent to P63.62 billion.

    Cebu Air said expenses were mostly kept in check during the period. Operating expenses increased 7.8 percent to P53.81 billion, in line with expanded operations.

    Flying operations alone went up 2.5 percent to P22.56 billion. Cebu Air said this was mainly due to pilot training costs as it took delivery of new planes. Fuel expenses also dropped 1.4 percent or P260.67 million during the period.

    For the third quarter alone, Cebu Air posted a net loss of P384.3 million, narrower than the previous year’s loss of P518.43 million. Revenue of P18.92 billion, up 16.7 percent, alongside stable operating costs helped lower losses during the third quarter of 2019.

    Cebu Air ended September with 72 planes. Its fleet was comprised of 31 Airbus A320, seven Airbus A321 CEO, three Airbus A320 NEO, two Airbus A321 NEO, eight Airbus A330, eight ATR 72-500 and 13 ATR 72-600.

    Its network spanned 80 domestic routes and 41 international routes with a total of 2,727 scheduled weekly flights.

  • Cebu Pacific increases capacity in Clark, Palawan

    Cebu Pacific increases capacity in Clark, Palawan

    Cebu Pacific said it will end the year as the biggest carrier in terms of capacity at the Clark International Airport and the Busuanga and Puerto Princesa airports in Palawan.

    In a statement, the Gokongwei-led budget carrier attributed the increased capacity share in Clark to the direct flights to Guangzhou and Puerto Princesa, as well as between Puerto Princesa and Hong Kong.

    Cebu Pacific said its capacity share at the Clark International Airport will hit 28% by end-2019. The airline mounts 190 flights weekly from this hub to Bacolod, Bohol, Caticlan, Cebu, Davao, Iloilo, Puerto Princesa, Guangzhou, Hong Kong, Macau, Narita and Singapore.

    “Cebu Pacific has taken a measured pace of expansion in Clark, but we have always believed in the potential of Clark. Over the past 12 months, our capacity growth in Clark hit over 90%. With the growth in passenger traffic in Clark, we are bullish that the new routes we launched over the past few months will continue to perform strongly,” Alexander G. Lao, chief strategy officer of Cebu Pacific, was quoted as saying.

    The airline is also set to end the year with 46% total capacity share in Puerto Princesa and the Busuanga Airport. Cebu Pacific mounts 190 flights a week to and from Palawan.

    “We remain confident that Hong Kong will bounce back, and despite current concerns, there is continued demand for travel between Hong Kong and the Philippines. We are confident in the potential of Palawan to grow tourism sustainably, and we will continue to work with our stakeholders in Palawan to better connect the province to the rest of the Philippines and to key tourist catch points in Asia,” Alex B. Reyes, vice-president for commercial at Cebu Pacific, said.

    Cebu Pacific increased capacity by 23% to 19 million seats as of end-September.

    Cebu Air, Inc., the listed operator of Cebu Pacific, said its nine-month profit surged 142% to P6.75 billion, as it added flights and raised average fares.

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  • Asia Pacific to drive global travel-retail sales

    Asia Pacific to drive global travel-retail sales

    A new report has shown that the Asia Pacific region will continue to be a major driver of global duty-free and travel retail sales.

    According to the study, titled ‘Economic Impact Report of Duty Free and Travel Retail in Asia Pacific,’ the Asia Pacific travel retail industry generated an estimated US$36.2 billion in 2017 which accounted for 45 per cent of total global duty free and travel retail sales, and is projected to maintain its global market leadership at an estimated 8.7 per cent annual growth rate between 2017 to 2022.

    The report identifies several key trends in the industry across Asia Pacific. It finds that East Asian markets are driving growth, with South Korea being the world’s largest duty-free market accounting for nearly US$12 billion in sales. China and Japan are also globally significant markets, with Mainland China anticipated to strengthen its position as the second biggest player in the region.

    Findings also show a growing diversity in product demand and observe that duty-free is becoming increasingly digital with shoppers in the Asia Pacific region increasingly looking to digital platforms to facilitate their purchases. There is also a marked channel diversification beyond aviation – downtown duty-free in Asia Pacific comprises a significant portion of sales for all land channels, and ocean cruising is an emerging sector in Asia.

    The study was commissioned by the Duty-Free World Council (DFWC) and the Asia Pacific Travel Retail Association (APTRA).

    Amid increased regulations, the report aims to highlight the impact of duty free and travel retail sales in real economic terms, while also calling out the trends affecting the increases.

    “Asia Pacific is registering exceptional growth in duty-free and travel retail sales. We are also seeing the regulatory landscape become more complex and dynamic across the various product categories,” said, Duty-Free World Council president Frank O’Connell. “This report is an important investment on the part of DFWC and APTRA in getting the data that will help us engage policymakers and regulators in protecting the sustainable growth of our industry.”

    “The report highlights the significance of the Asia Pacific region to global duty-free and travel retail, and on a macro level to economies in the region through job creation and contribution to GDP,” said the president of APTRA Grant Fleming. “As the industry body that supports, protects and nurtures the growth of the travel retail industry, we are encouraged by the positive trends indicated by the report findings.

    “Understanding the industry’s size and its impact on the regional economy as well as the underlying impetus for emerging travel retail trends is critical to ensuring industry relevance and long-term growth. As the travel retail landscape evolves, the regulatory environment is evolving too. APTRA looks forward to applying the report findings and working with regional stakeholders to help frame and develop policies that will contribute to the sustainable growth of the industry in years to come.”

  • Cebu Pacific Air Cargo continues digital transformation with SmartKargo

    Cebu Pacific Air Cargo continues digital transformation with SmartKargo

    Cebu Pacific Air has renewed its contract with QuantumID Technologies to ramp up SmartKargo for CEB Cargo. The partnership will continue the cloud-based real-time management of CEB’s air cargo business using the advanced SmartKargo operating system.

    The largest Philippine carrier has utilized the innovative Software as a Service (SaaS) solution to empower customers with real-time shipment information and advanced tools such as mobile apps that streamline customer experience via kiosks at the warehouse.

    The mobile app has also allowed CEB Cargo to enable its clients to manage their shipments end-to-end, from booking to destination. In addition, SmartKargo has helped CEB manage and integrate new dedicated cargo capacity into its fleet.

    “The SmartKargo Cloud solution has equipped CEB Cargo with the advanced digital tools to run our business,” said Alex Reyes, Cebu Pacific Vice President for Commercial. “We are very pleased to continue the partnership, and look forward to sustained growth that SmartKargo has enabled.”

    Enhanced capabilities of SmartKargo allowed CEB Cargo to provide paperless Airway Bills (e-AWBs), and ease of booking for CEB Cargo agents and customers by allowing single-screen data entries. In addition, the solution provides simplified pricing and rate-making capabilities; real-time capacity management; user-configurable business Intelligence and reporting; and integrated Cargo Revenue accounting.

    The platform supports streamlined participation with partners doing e-commerce—facilitating B2B or B2C door-to-door operations via mobile applications as well as third party integration.

    “We at SmartKargo look forward to continuing providing CEB Cargo with solutions and tools to grow their business,” said Jay Shelat, Executive Vice President at QuantumID Technologies. “We are happy and grateful to be working with an outstanding team of cargo professionals and excellent leadership.”

    Cebu Pacific was the first Asian carrier to adopt the SmartKargo Cloud platform in 2013.

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  • Puma profit Down

    Puma profit Down

    Sportswear giant’s sales and profit soar, with China one of its greatest performing markets.

    Puma is celebrating its “best quarter ever” as sales, gross margin and profit reached record levels.

    On a currency-adjusted basis sales reached €1.319 billion (US$1.476 billion) up 15.3 per cent, while on a reported basis, sales growth was 16.6 per cent.

    The German-headquarted sportswear retailer said the increase reflected continued growth in all regions and product divisions across the business.

    Gross profit margin improved by 80 basis points to 49 per cent and EBIT by 27 per cent to €143 million. Net earnings rose 40.1 per cent to €94.4 million in the quarter.

    “The first quarter of 2019 was the best quarter Puma has ever seen,” said Bjorn Gulden, Puma’s CEO. “Revenues … were the highest Puma has ever achieved in a quarter and the EBIT … was also the highest absolute EBIT Puma has ever achieved. So, it has been a very good start into the year.”

    By region, Asia-Pacific – driven by China – and the Americas contributed with double-digit sales growth, while sales in Europe, Middle East and Africa increased “solidly,” the company said.

    By division, apparel was the main growth driver in the quarter, followed by accessories and footwear. The categories running and training, teamsport, motorsport and golf on the performance side, as well as sportstyle all recorded strong growth.

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  • Alibaba Cloud Ranked First in Asia Pacific by Gartner

    Alibaba Cloud Ranked First in Asia Pacific by Gartner

    Alibaba Cloud, the cloud computing and data intelligence arm of Alibaba Group, has been named first in Asia Pacific(*) market share for IaaS (Infrastructure as a Service) and IUS (Infrastructure Utility Services) in two consecutive years as per Gartner’s latest report revealed earlier this month named Market Share: IT Services, 2018. It has also retained its top three global provider position in the same space.

    According to this Market Share conducted by global analyst firm Gartner, Alibaba Cloud led the Asia Pacific market for IaaS and IUS with 19.6% market share (+4.7% market share gain from 2017). The technology innovator is followed by 11.0% and 8.0% market shares of the second (AWS) and third player (Microsoft) respectively in Asia Pacific in 2018.

    Alibaba Cloud boasts a strong network in Asia Pacific, with 15 availability zones in the region outside mainland China, covering Hong Kong, Singapore, Australia, Malaysia, Indonesia, India and Japan markets. It is the only global cloud provider that has set up local data centers in Indonesia and Malaysia, offering a wide range of cloud and data analytics products.

    “It is very encouraging that our continued dedication to enabling cloud development across industries in both Asia Pacific and globally(**) has been recognized by world’s leading research and advisory company. As the only global cloud provider originated from Asia, we will continue to champion millions of businesses through our world-class infrastructure, advanced analytics tools and thriving ecosystem.” said Lancelot Guo, Vice President of Alibaba Group and Head of Strategy and Marketing at Alibaba Cloud.

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  • Cebu Pacific Expands Horizons to Australia

    Cebu Pacific Expands Horizons to Australia

    Australian cities such as Perth and Cairns, as well as destinations in Japan and India, are on the radar for Philippines budget carrier Cebu Pacific as it expands its fleet of Airbus A321neos. Cebu, which already flies direct to Sydney and Melbourne from Manila, is stepping up its re-fleeting program and took delivery of the first of 32 A321neos at the end of January.

    It expects at least five more of the longer-range, fuel-efficient planes during 2019 to support its expansion plans.

    Cebu is known for packing seats into its bigger Airbus A330s and has followed that strategy with the smaller plane.

    The budget carrier has opted for the Airbus Cabin Flex fuselage modifications to give the A321neo 236 ergonomically-designed Recaro seats, slightly below the 244-seat Airbus maximum.

    It expects and Pratt & Whitney  GTF-powered planes to achieve a 20 percent savings in fuel costs as well as other advantages such as a significantly reduced noise footprint and lower maintenance requirements.

    The January delivery brought the total size of its fleet to 72 aircraft, including 43 Airbus A320s and A321s, eight A330s and 20 ATR turboprops.

    While the airline also has mid- and long-term plans for widebody aircraft, its primary focus is currently on the neos.  It is looking to grow its fleet to 83 aircraft in 2022, with 27 of those neos.

    “This year, we’re taking in 12 new aircraft, (the) bulk of it will be the A321neo,’’ Cebu vice president Lance Gokongwei told AirlineRatings.

    “We are continuously studying new routes and destinations, especially with the A321neo that has Northern Japan, India, and other cities in Australia like Perth and Cairns within its capabilities, but plans are not concrete for now.

    “While the A321neo will give us the capability to possibly service a direct route from the Philippines to Perth, we will make announcements on new routes and destinations in due time.”

    Cebu is the Philippines’ biggest carrier by passengers carried and claims a roughly 50 percent market share in terms of domestic travel and cargo.

    Competitor Philippine Airlines (PAL) is also expanding and received a boost in January when Japan’s All Nippon Airways announced it would invest $US95 million to a 9.5 percent stake in the Filipino carrier. PAL is already using the A321neo to service Brisbane.

    However, Cebu is unfazed by the deal and Gokongwei says it is good for the Philippines aviation industry.

    Gokongwei said the two had been partners for many years, including on code-sharing flights, and the investment was something Cebu had factored into its strategy.

    The low-cost carrier was also looking at tapping opportunities in Japan after establishing an office there in 2018.

    “As for the Philippines, we firmly believe that despite the massive growth in Philippine aviation over the past 20 years, there is still much room for expansion,” Gokongwei said.

    “Less than 50 percent of the Philippine population have traveled via air, as compared with Malaysia or Singapore.

    “People here are used to taking the bus and the boat–whereas air travel can be exponentially convenient and not as expensive as it used to be.”

    The airline executive sais there was still “much room”’ to develop Clark International Airport, the former US air base, as a secondary domestic hub.

    “There is also strong demand for inbound flights from North Asia into Cebu, which we have turned into our beach hub as we fly to key island destinations from there, ‘ he added.

    A key to Cebu’s low-cost model is the ability to offer fares that are up to 40 percent lower than those of its competitors, partly through its investment in new and more efficient aircraft and technology.

    But it isn’t all smooth sailing: net income for the airline’s first nine months of 2018 fell 36 percent to 2.78 billion pesos as it grappled with higher fuel costs and a weakening currency.

    “Despite challenges brought on by volatile fuel prices and the foreign exchange of the Philippine Peso, Cebu Pacific has managed to keep sound fundamentals,’’ Gokongwei said.

    “Revenues have been growing by 12 percent annually for the past eight years and we have maintained healthy operating margins.”

  • One in Three Entrepreneurs in APAC Rely on M&A

    One in Three Entrepreneurs in APAC Rely on M&A

    In Asia Pacific, one in three entrepreneur leverages on merger or acquisition as means to grow or expand their businesses, according to a recent report by BNP Paribas. A high proportion of entrepreneurs (33%) in the region rely on merger or acquisition to grow their businesses compared to their counterparts in Europe, GCC and USA, according to the 2019 BNP Paribas Global Entrepreneur Report.

    38 percent of Hong Kong business owners have undergone either a merger or acquisition in the past.

    Disruption and Development

    Over 50 percent of Indonesian entrepreneurs focus on contributing to growth of the local economy as their business goals in five years, while the entrepreneurial ambition in Taiwan is gravitated towards contributing to innovation and development in their chosen sectors. For Taiwan entrepreneurs, 38 percent are disruptors – their business goal is to permanently change the status quo with a new product or concept within five years.

    In India, it is for the next generation of their families to have meaningful careers.

    Use Of Credit Solutions

    Globally, 44 percent of elite entrepreneurs have used credit solutions to develop their business.  In Asia, 55 percent of entrepreneurs have sought to borrow to invest in their own businesses. This rises to six in every ten entrepreneurs in China, India and Indonesia.

    61 percent of Chinese entrepreneurs use credit or lending products to finance their business.  54 percent of Indonesian entrepreneurs have used structured products for credit or lending.

    Respondents

    The report is based on the responses of 2,763 Asian elite entrepreneurs handling a total net worth of USD16 billion, spanning 23 countries across Europe, Asia, the United States and the Middle East. It also unveils the different stages of maturity of their entrepreneurial journey, the impact on their private wealth and their need for family governance.

    Sampling of the Asia respondents include 830 elite entrepreneurs covering China, Hong Kong, India, Indonesia, Singapore and Taiwan. The average primary company revenue was $7.2 million.

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  • Asia-Pacific boosts Estee Lauder revenue

    Asia-Pacific boosts Estee Lauder revenue

    Estee Lauder Asia-Pacific sales achieved double-digit growth in the December quarter. The beauty giant says the growth was broadbased, with nearly half of the markets in the region growing by double digits. “China, Hong Kong and Japan continued to deliver strong growth, and Korea net sales accelerated. Prestige beauty in China accelerated and the company continued to build share,” the company said in a statement.

    “[We] generated double-digit net sales growth in virtually every major product category and channel. Operating income increased, primarily due to higher net sales.”

    Globally, Estee Lauder sales exceeded US$4 billion for the first time, up 7 per cent from the same time a year earlier. Net earnings rose to $573 million compared with $123 million last year.

    “We delivered an excellent performance in our fiscal second quarter,” said president and CEO Fabrizio Freda. “Importantly, this was our eighth consecutive quarter of impressive net sales growth that met or exceeded our long-term goal, all while navigating many global macro issues.

    “Our sustained progress is the result of our multiple engines of growth strategy, and demonstrates our agility in moving resources to the best global opportunities,” he said.

    The strongest growth engines during the quarter included the skin care category globally, the Estee Lauder Asia-Pacific business, online and travel retail channels, and most brands, including Estee Lauder, La Mer, Mac and the company’s artisanal fragrance brands.

    “Despite a volatile and challenging backdrop, we are optimistic about our company’s long-term outlook. We are very well-positioned to build share in global prestige beauty,” Freda said.

    “We plan to increase our investments during the next six months behind our successful innovations, high-quality products, compelling digital advertising and effective commercial execution, while also enhancing our capabilities to strengthen our industry leadership and deliver long-term profitable growth.”

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  • Cebu Pacific to resume Manila-Busuanga flights in June

    Cebu Pacific to resume Manila-Busuanga flights in June

    Cebu Pacific is scheduled to resume flights between Manila and Busuanga, Palawan on Sunday, June 10 – two days after an airport mishap there.

    On Saturday, June 9, flights to and from Busuanga were canceled after a Skyjet plane overshot the runway of the Francisco Reyes Airport late Friday afternoon, June 8.

    In an advisory on Saturday night, Cebu Pacific announced that normal operations will resume on Sunday, and that all of its Cebgo flights will proceed as scheduled.

    It also announced additional Cebgo flights for Sunday to accommodate passengers affected by flight cancelations on Saturday:

    • DG 6049, Manila-Busuanga (Coron), 6:00 am
    • DG 6050, Busuanga (Coron)-Manila, 7:35 am
    • DG 6051, Manila-Busuanga (Coron), 9:30 am
    • DG 6052, Busuanga (Coron)-Manila, 11:05 am
    • DG 6053, Manila-Busuanga (Coron), 1:30 pm
    • DG 6054, Busuanga (Coron)-Manila, 3:05 pm
    • DG 6055, Manila-Busuanga (Coron), 2:50 pm
    • DG 6056, Busuanga (Coron)-Manila, 4:35 pm

    Cebu Pacific said that passengers whose Saturday flights had been canceled “are being notified regarding their new flight schedules.” It added that the passengers have the option to either rebook their flights within 30 days from original departure date, or claim a full refund or travel fund.

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  • Cebu Pacific to start daily flights to Sydney on Dec. 1

    Cebu Pacific to start daily flights to Sydney on Dec. 1

    Cebu Pacific Air, the country’s biggest budget airline, will start daily flights between Manila and Sydney in Australia on Dec. 1 this year. The carrier said it was increasing frequencies given robust demand on its current five weekly flights.

    “Cebu Pacific continues to remain bullish over prospects in the Australia market,” Candice Iyog, vice president for marketing and distribution of Cebu Pacific, said in a statement.

    “The additional frequency between Manila and Australia reflects our commitment to reinforce the Cebu Pacific effect across one of our strongest international markets. We want to continue to offer our year-round low-fares that are affordable, accessible and available to a greater number of travelers,” she added.

    Cebu Pacific is already the biggest air carrier operating between Manila and Sydney. It bested two other rivals in the first quarter of 2017.

    Citing data from Australia’s Bureau of Infrastructure, Transport and Regional Economics (BITRE), Cebu Pacific said it had a market share of 42 percent and continued to see gains in passenger volume. During this period, it carried 43,512 passengers, up 16 percent.

    The same report noted that overall passenger traffic between Manila and Sydney had gone up 7 percent year-on-year.

    Cebu Pacific noted that its load factor, a measure of flight utilization, in this route stood at 78 percent during the first three months of the year.

    Cebu Pacific said it was also a leading player in the Manila-Sydney airline cargo service.

    The airline flew 1,131 tons of cargo between Manila and Sydney in the first three months of 2017, about 49 percent of the total 2,325 tons carried by the three carriers.

    Cebu Pacific already offers the most number of seats between Manila and Sydney, covering close to 40 percent of the route’s total capacity.

     

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  • Cebu Pacific sees strong demand for Japan flights

    Cebu Pacific sees strong demand for Japan flights

    Cebu Pacific Vice-President for Corporate Affairs Paterno S. Mantaring, Jr. said there is strong demand to operate the Manila-Haneda flight given the proximity of the airport to Tokyo, compared to Narita airport.

    “We want to expand our operations to Japan and we want to operate to Haneda but right now we can’t get any allocation entitlements from the government,” Mr. Mantaring told reporters in a recent media briefing.

    “We’re asking for holding of air talks between the Republic of the Philippines and Japan so that we can add entitlements,” he added.

    The Gokongwei-led airline has been asking for air talks between the two countries since two years ago, and recently renewed its request during the latest air panel meeting.

    “We’re waiting for the government of Japan to respond to that request… hopefully in the coming months,” Mr. Mantaring said.

    Currently, Cebu Pacific — which has 400 flight entitlements between Manila and Tokyo — offers flights to Tokyo via Narita as well as services to Fukuoka, Nagoya and Osaka in Japan.

    Among the domestic airlines, only Philippine Airlines offer direct flights to Haneda.

    “I think there is demand [for the Manila-Haneda flights]. It’s near the city so it’s easier for the traveling public, unlike Narita [Airport] which is 60-70 kilometers (kms.) away from the city,” Mr. Mantaring said.

    Haneda Airport is the closest airport to Tokyo City, with a distance of only around 15 kms.

    Last year, Japanese tourists were the top four market for the Philippines recording 535,238 arrivals, next only to Korea (1.48 million), United States (869,463) and China (675,663).

    Aside from Japan, Cebu Pacific earlier said it is also interested to increase the frequency of its Manila and Sydney flights, noting sustained demand for this route.

    Cebu Pacific offers flights to over 60 destinations including Dubai, Tokyo, Beijing, Bali and Australia, among others.

    The Gokongwei airline is targeting to ferry 20 million passengers this year. In 2016, it carried 19.1 million passengers, up 4% from the 18.4 million passengers flown in 2015. On average, Cebu Pacific flights were 86% full during the year.

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  • Coach brings Modern Luxury concept to three new Asia Pacific stores

    Coach brings Modern Luxury concept to three new Asia Pacific stores

    Coach has strengthened its Asia Pacific travel retail presence with three new store openings, two in airports and one on a cruise ship. The stores are part of Coach’s Modern Luxury concept which aims to provide consumers with an elevated shopping experience.

    The 70sq ft space at Jakarta’s Soekarno-Hatta Airport Terminal 3 offers both male and female products, with a focus on bags, wallets and small leathergoods (SLGs).

    Coach International Vice President Paulo Colino said: “This is a real milestone for Coach opening its first domestic airport store in the Southeast Asia region. We aim to capitalise on the increasing demand of the Coach brand and rising tourism in Indonesia, while building its brand equity and awareness in the country. We opened the store at the beginning of January, and initial results have been well above our expectations.”

    The new store at Changi Airport Terminal 2 is Coach’s first partnership with LS travel retail Asia Pacific outside of China. Colino noted: “We are delighted to have opened a new store at Changi Airport; Singapore is a major hub in the Asia Pacific region and a key location for Coach.”

    The third store is located on the Majestic Princess cruise ship, operated by Princess Cruises. The ship mainly serves Chinese passengers.

    Each new store features the brand’s Modern Luxury retail concept, designed by Creative Director Stuart Vevers.

    Colino commented: “Along with our new store openings, we have also been focused on the renovation of all of our stores. We have over 50% of our Asia Pacific travel retail shop fleet fitted with our new concept, with Kaohsiung Airport in Taiwan being the latest to be renovated. The performance of our renovated stores has been very strong, with the concept going down extremely well with our Asian consumers.”

    Coach said its Modern Luxury concept, as shown here at Kaohsiung Airport, has been “very well-received”

  • Jetstar Pacific launches low-cost flight between Hong Kong and central Vietnam

    Jetstar Pacific launches low-cost flight between Hong Kong and central Vietnam

    It is the carrier’s third international flight route from Da Nang City. Jetstar Pacific has started its Da Nang – Hong Kong service, using Airbus A320 aircraft with 180 seats in economy class, to meet the rising travel demand and promote tourism in Vietnam’s central resort city, the Da Nang tourism department said.

    Tickets cost from VND290,000 ($12.75) for one-way flight, which lasts one hour and 45 minutes, the department said in a report, citing the airline.

    The carrier will run three flights per week on Monday, Tuesday and Friday.

    The route, which was launched Monday, is the budget airline’s third international route linking Da Nang with foreign cities, after Taipei of Taiwan and Singapore.

    Jetstar Pacific, 70 percent-owned by flag carrier Vietnam Airlines and 30 percent by Australia’s Qantas Airways, currently operates flights to 80 destinations of 17 countries.

    International tourist arrivals to Da Nang last year jumped 31.6 percent from 2015 to 1.7 million.

    Cathay Dragon and HK Express have already been operating on the Da Nang-Hong Kong route, with seven flights and three flights per week, respectively.