The Shilla Duty Free turned a profit in the second quarter of 2026, despite challenging market conditions which caused revenue to fall 9.1% year-on-year. The travel retail arm of Hotel Shilla posted revenue of KRW772.6bn ($546.7m) for the second quarter, down 9.1% on the previous year. The downturn in revenue was due to a 17.4% year-on-year drop in revenue at the company’s airport travel retail business. In contrast to the travel retail operation, Hotel Shilla’s hotel and leisure operations delivered a 13.6% increase in revenue, year-on-year, for the quarter, reporting KRW175.2bn. However the challenges for the travel retail operation meant that the company’s overall revenue was down 5.2% for the period at KRW1,025.4bn.