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Travel Retail Market Comprehensive Analysis to 2027 : Top Key Players like Aer Rianta International cpt, China Duty Free Group, Dufry AG, Duty Free Americas, Lagardère Group

06-18-2019 06:32 AM CET | Logistics & Transport

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
Travel Retail Market

Travel Retail Market

Travel retail is a worldwide industry selling goods to international travelers. Sales in travel retail shops are accepted from the payment of certain local or national taxes and excise duties. It is generally with the requirement that the goods are only sold to travelers who will take them out of the country. Products that can be sold by travel retail differ by jurisdiction and different rules which is based on import allowance restrictions, excise duty calculations and other aspects. Airports provide the majority of such sales globally. Travel retail is available at border shops, onboard aircraft during international flights, cruise & ferry shops on vessels in international waters, at some international railway stations and for the provisioning of ships sailing in international waters.

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The List of Top Ten Companies 1. Aer Rianta International cpt 2. China Duty Free Group Co., Ltd. 3. Dufry AG 4. Duty Free Americas, Inc. 5. Gebr. Heinemann se and co.kg 6. Lagardère Group 7. Lotte Hotels and Resorts 8. LVMH Moët Hennessy 9. The King Power International Group 10. THE SHILLA DUTY FREE

Development of the travel and tourism industry across the globe is expected to remain the dominant force driving the demand for the travel retail market. Furthermore, the rise in disposable income among individual is also projected to influence the travel retail market significantly. Moreover, due to the increase in the number of the millennial population is going to have a robust impact on the travel retail market. Growth in Asia-Pacific and LAMEA economies is anticipated to generate untapped opportunity for the travel retail market.

The global travel retail market is segmented on the basis of product type and channel. Based on product type, the market is segmented into perfumes & cosmetics, food confectionery & catering, wine & spirits, luxury goods, tobacco, electronics and others. On the basis of the channel the market is segmented into airports, cruise liners, railway stations and border down-town & hotel shops.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global travel retail market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The travel retail market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting travel retail market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the travel retail market in these regions.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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