Travel retail is the sale of duty-free and tax-free goodstotravelers. It is a global industry that generates billions of dollars in revenue each year. The most popular travel retail products include alcohol, tobacco, cosmetics, and fragrances.
A Guide on Travel Retail: Definition, Growth Factors, and ...
One such standalone industry is the globaltravelretail industry. Travelretail pertains to creating, planning, and providing travel services, while at the same time, engaging in sales activities to cater to the shoppers’ demands while they are in transit.
Key factors shaping global travel retail - The Spirits Business
Success in global travel retail (GTR) is inextricably tied to people’s ability to both travel and spend, and is therefore at the mercy of volatile external factors – whether Brexit, political...
Duty free and travel retail industry - statistics & facts
Duty free and travelretail is a global industry which specializes in selling products to international travelers. Duty free store sales are tax-free and exempt from excise duties, on the...
Global Travel Retail Market Size & Share - Industry Trend 2031
The globaltravel retail market size was valued at $52.7 billion in 2021, and is projected to reach $187.1 billion by 2031, growing at a CAGR of 9.6% from 2022 to 2031. The travelretail industry refers to the sale of goods and services to travelers at locations such as airports, train stations, cruise terminals, and border shops.
Global travel retail: the time is now, but how? - Human8
Travel retail is now alaboratory, where brands can test and deploy new retail concepts. Yet a big question remains among many others: shall they facilitate planned shoppers, or shall they foster discovery for exploring shoppers?
What are the key trends in global travel retail?
The return of globaltravelretail following a two year almost total hiatus, has seen a number of new trends emerge, as well as the acceleration of others, as a report from leading travel...
The global travel retail market size was valued at USD67.30billion in 2017 and is expected to witness a CAGR of 8.7% from 2018 to 2025. Rising number of international travelers is expected to be one of the prime factors driving the industry.
The State of Global Travel Retail | altavia.hrg
Today, GlobalTravelRetail represents a $75bn sector (2018), but, by 2025, it’s predicted to grow to become a $153.7bn market, driven primarily by airports and Asia. With over 14.2% growth in sales over the last year, Asia Pacific is expected to account for more than half of all TravelRetail sales within two years.
The Importance Of Travel Retail | Nperspective CFO
Travelretail is the cornerstone of airport growth and development with modern airport terminal design recognizing the critical economic role it plays and ensuring new airports come with spacious and vibrant retail spaces.
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Travel retail is the sale of duty-free and tax-free goods to travelers. It is a global industry that generates billions of dollars in revenue each year. The most popular travel retail products include alcohol, tobacco, cosmetics, and fragrances.
One such standalone industry is the global travel retail industry. Travel retail pertains to creating, planning, and providing travel services, while at the same time, engaging in sales activities to cater to the shoppers’ demands while they are in transit.
Success in global travel retail (GTR) is inextricably tied to people’s ability to both travel and spend, and is therefore at the mercy of volatile external factors – whether Brexit, political...
Duty free and travel retail is a global industry which specializes in selling products to international travelers. Duty free store sales are tax-free and exempt from excise duties, on the...
The global travel retail market size was valued at $52.7 billion in 2021, and is projected to reach $187.1 billion by 2031, growing at a CAGR of 9.6% from 2022 to 2031. The travel retail industry refers to the sale of goods and services to travelers at locations such as airports, train stations, cruise terminals, and border shops.
Travel retail is now a laboratory, where brands can test and deploy new retail concepts. Yet a big question remains among many others: shall they facilitate planned shoppers, or shall they foster discovery for exploring shoppers?
The return of global travel retail following a two year almost total hiatus, has seen a number of new trends emerge, as well as the acceleration of others, as a report from leading travel...
The global travel retail market size was valued at USD 67.30 billion in 2017 and is expected to witness a CAGR of 8.7% from 2018 to 2025. Rising number of international travelers is expected to be one of the prime factors driving the industry.
Today, Global Travel Retail represents a $75bn sector (2018), but, by 2025, it’s predicted to grow to become a $153.7bn market, driven primarily by airports and Asia. With over 14.2% growth in sales over the last year, Asia Pacific is expected to account for more than half of all Travel Retail sales within two years.
Travel retail is the cornerstone of airport growth and development with modern airport terminal design recognizing the critical economic role it plays and ensuring new airports come with spacious and vibrant retail spaces.