Travel Retail & Duty-Free Market: A Gateway to Global Luxury.pptx

The global Travel Retail & Duty-Free Market is thriving, fueled by the increasing number of international travelers and growing demand for luxury goods.

Airports, border shops, and downtown duty-free stores are capitalizing on this trend, offering a wide range of premium products from cosmetics and fragrances to spirits and fashion.

With the expansion of global tourism and rising disposable incomes in emerging economies, the market is set for substantial growth.

Digital innovations and personalized shopping experiences are further enhancing consumer engagement in this sector.

1. Travel Retail & Duty-Free Market The global Travel Retail & Duty-Free Market size is predicted to reach USD 156.28 billion by 2030, with a CAGR of 10.7% 1. © Next Move Strategy Consulting

2. Market Overview Market Segments By Product By Distribution Channel By Geography Regional Analysis Europe North America Key Players Key Highlights Table of Contents © Next Move Strategy Consulting

3. Market Overview Travel retail, also known as duty-free retail, refers to the retailing of products and services to travelers in locations such as airports, train stations, seaports, and others. Duty-free stores are designed to meet the needs of travelers on the go. They offer various products, including cosmetics, alcohol, and electronics. Duty-free travel retail entails travelers to make purchases without paying certain taxes or duties, making the products available at lower prices compared to the traditional retail outlets. This concept allows travelers to shop for exclusive and luxury brands, take advantage of special offers, and enjoy a convenient shopping experience while moving. These stores often offer exclusive products that are not available in other places. Duty-free travel retail plays a significant role in the global retail industry and bridges the gap between international travel and shopping. The travel retail & duty-free industry is growing, and it is expected to continue its growth in the future. This is due to several factors, including the increasing number of travelers, the growing popularity of duty-free shopping, and the rising demand for convenience. © Next Move Strategy Consulting

4. Market Segments By Product Beauty & Cosmetics, Alcohol, Fashion & Accessories By Distribution Channel Airports, Railway Stations, Military and Diplomatic, Seaports & Cruise Ships, Ferries, Border Shops , Downtown DF Shops, Others By Geography North America, Europe, Asia-Pacific, Rest of World (RoW) © Next Move Strategy Consulting

5. 6. By Product: Beauty & Cosmetics Skincare Products Fragrance Others Alcohol Wines Spirits Whiskey Vodka Brandy Gin Tequila Others Fashion & Accessories Fashion Clothing Footwear Handbags and Luggage Accessories Sunglass Watch Jewelry Others Tobacco Items Confectionery & Catering Electronics Others © Next Move Strategy Consulting

6. 6. By Distribution Channel: Airports Railway Stations Military and Diplomatic Seaports & Cruise Ships Ferries Border Shops Downtown DF Shops Others © Next Move Strategy Consulting

7. 6. By Geography: North America U.S. Canada Mexico Europe U.K. Germany France Italy Spain Denmark Netherlands Finland Sweden Norway Russia Rest of Europe Asia-Pacific Australia China India Indonesia Japan Singapore South Korea Taiwan Thailand Rest of Asia-Pacific Rest of the World (RoW) Latin America Middle East Africa © Next Move Strategy Consulting

8. Europe is Projected to Dominate the Travel Retail & Duty-free Industry Regional Analysis Europe is the go-to destination for international travelers, with various attractions ranging from historical landmarks to stunning natural beauty. Over two-thirds of the total international tourists visit the continent each year. This contributes to the significant growth of the travel retail & duty-free industry. © Next Move Strategy Consulting

9. North America to Witness a Substantial Growth Regional Analysis In North America , the growing tourism industry in the countries such as U.S. and Canada plays a significant role in driving the growth of the travel retail market. With millions of Americans traveling internationally for various purposes, such as vacations and business trips, there is a substantial customer base for duty-free products. © Next Move Strategy Consulting

10. Key Players © Next Move Strategy Consulting

11. Key Highlights: Expansion in Emerging Markets : Emerging markets, particularly in Asia-Pacific and the Middle East, are seeing rapid growth in travel retail and duty-free sales. Airports in countries like China, India, Thailand, and the UAE are investing heavily in expanding retail spaces, offering a variety of luxury brands, and enhancing customer experiences to attract international travelers. Rising Demand for Luxury Goods : There is a strong demand for luxury goods, including cosmetics, fragrances, high-end fashion, jewelry, and spirits, within travel retail. This segment is driving significant revenue growth, with many brands launching exclusive collections and limited editions available only at duty-free shops to capitalize on the market’s unique customer base. Digital Transformation and Omnichannel Strategies : The adoption of digital technologies and omnichannel retail strategies is reshaping the travel retail market. Retailers are leveraging e-commerce platforms, mobile apps, and digital payment solutions to enhance customer engagement and offer seamless shopping experiences. Click-and-collect services, where travelers can order online and pick up at duty-free shops, are also gaining popularity. Airport Expansion and Renovation Projects : Major airports globally are expanding and renovating their retail spaces to enhance passenger experience. New airport terminals and refurbishments are focusing on creating luxurious and spacious shopping environments, with a mix of global and local brands to cater to diverse customer preferences. © Next Move Strategy Consulting

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