Lotte Duty Free will withdraw from Guam airport.
According to the industry on the 4th, Lotte Duty Free will operate the Guam airport duty-free store only until Dec. 20 this year.
Lotte Duty Free entered Guam airport in 2013. It extended the operating rights contract by three years in 2023, but did not participate in the new bidding held this year.
This is due to deteriorating profitability as demand for travel to Guam fell after COVID-19. Swiss Dufry will fill Lotte Duty Free's vacancy.
A Lotte Duty Free official said the company is reorganizing its overseas business with a focus on profitability.
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