On the travel front, we still don't believe travel will be back in a significant way until 2020, our fiscal 2024, which is calendar next year.

Jun 1, 2022 / CEO / receipt, needs a key / John Idol, CEO | earnings call 2022-06-01 | transcript 50205459-2999-4333-8ee8-cc9efacc697c | chars 45090-45232 | segment 47

In Asia, revenue was flat due to COVID-19-related restrictions in Japan, Southeast Asia, and Australia, as well as an increase in COVID cases in China, which resulted in new travel and other regional restrictions.

Nov 3, 2021 / CEO / receipt, needs a key / John Idol, CEO | earnings call 2021-11-03 | transcript 442c77ce-1dc0-4834-a988-044a51386d8b | chars 4097-4310 | segment 4

We expect a slower recovery in tourist activity, which impacts our travel retail channel, as well as many important flagship locations in major tourist destinations.

Jul 1, 2020 / CEO / receipt, needs a key / John Idol, CEO | earnings call 2020-07-01 | transcript b51a49ee-f2b4-43aa-88b5-ec8b7346bff2 | chars 28213-28378 | segment 29

And then lastly, our outlook for 2023 does not include any return of tourist travel. So that would be upside or a tailwind for us, both in EMEA and in our travel retail locations.

Feb 2, 2022 / CEO / receipt, needs a key / John D. Idol, CEO | earnings call 2022-02-02 | transcript d6d34739-018a-490f-8128-525d0439d1f7 | chars 36506-36685 | segment 37