Press release
Duty Free & Travel Retail Market Projected To Experience Major Revenue Boost during 2020-2025 | Dufry, Lagardere Travel Retail, Lotte Duty Free, LVMH, China Duty Free Group, Dubai Duty Free
Duty Free & Travel Retail Market
This report provides in-depth study of “Global Duty Free & Travel Retail Market 2020” using SWOT analysis i.e. Strength, Weakness, Opportunities, and Threat to the organization. The Duty Free & Travel Retail Market report also provides an in-depth survey of key players in the market organization.
The Global Duty Free & Travel Retail Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Duty Free & Travel Retail Market size to maintain the average annual growth rate of 0.133966577633 from USD 240.0 Million in 2015 to USD 450.0 Million in 2019, market analysts believe that in the next few years, Duty Free & Travel Retail Market size will be further expanded, we expect that by 2025, The market size of the Duty Free & Travel Retail will reach USD 950.0 Million.
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One of the most important key factor drives the growth of the Global Duty Free & Travel Retail Market is rising popularity of the travel and tourism industry. In addition, Duty-free and travel retail provides temporary spaces that offer extra time to end users after security check-in and allow them to get entertained and indulgent with the ambiance and experience of shopping for international products.
Regional analysis, APAC occupied more than one-third of the market share in 2017, and it is expected to grow at a significant rate during the forecast period. The increasing number of new air routes and the introduction of LCC carriers are among the main factors promoting the development of the APAC Duty Free & Travel Retail Market. The rise in the consumption and purchasing power across China and India may have a positive impact on the market in this region.
In the end, the report makes some important proposals for a new project of Duty Free & Travel Retail Market before evaluating its feasibility. Overall, the report provides an in-depth insight of 2013-2025 global Duty Free & Travel Retail market covering all important parameters.
Global Key Vendors:
1 Dufry
2 Lagardère Travel Retail
3 Lotte Duty Free
4 LVMH
5 Aer Rianta International
6 China Duty Free Group
7 Dubai Duty Free
8 Duty Free Americas
9 Gebr. Heinemann
10 JR/Group (James Richardson)
11 King Power
12 The Shilla Duty Free and More……………….
Purchase this report online with 90 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Duty Free & Travel Retail Market Report 2020” @ https://www.businessindustryreports.com/buy-now/240879/single .
Product Type Segmentation
1 Perfumes
2 Cosmetics
3 Alcohol
4 Cigarettes
5 Others
Industry Segmentation
1 Airports
2 Onboard Aircraft
3 Seaports
4 Train Stations
5 Others
International Business News:
Dufry (June 09, 2020) - Dufry’s new Global Executive Committee structure, effective September 1, 2020, integrates HQ and divisions, while simplifying top management functions - Dufry is adapting its organization to the new business environment to accelerate growth and support profitability during the recovery phase of the economic crisis and beyond. The new organizational structure, which will become effective as of September 1, 2020, aims at further strengthening the airport travel retail business and other channels, thus driving the company’s profitability and preparing growth acceleration.
Julian Diaz, CEO of Dufry commented: ”Dufry’s new simplified organization will allow us to adapt the company to the new business environment, by adding flexibility, agility and by accelerating the decision making process. The new organization reduces costs by defining new responsibilities and directly managing operations from the headquarters. Combined with the successful strengthening of the financial structure achieved in April as well as the tight cost control and cash management initiatives implemented, Dufry is well prepared for the recovery phase of the tourism and travel industry.”
Integration of headquarters and divisions
The integration of headquarters and divisions will simplify the current divisional layer by directly connecting headquarters to the country clusters. This integration will result in all clusters reporting to Eugenio Andrades as new CEO Operations, with exception of the current division North America, which will continue to report to Roger Fordyce, CEO North America. The countries will be grouped into 7 clusters plus North America, allowing smaller countries to be served from local shared service centres.
Grab Your Report at an Impressive Discount @ https://www.businessindustryreports.com/check-discount/240879 .
Major Points in Table of Contents:
Global Duty Free & Travel Retail Market Report 2020
1 Duty Free & Travel Retail Product Definition
2 Global Duty Free & Travel Retail Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Duty Free & Travel Retail Shipments
2.2 Global Manufacturer Duty Free & Travel Retail Business Revenue
2.3 Global Duty Free & Travel Retail Market Overview
3 Manufacturer Duty Free & Travel Retail Business Introduction
3.1 Dufry Duty Free & Travel Retail Business Introduction
3.2 Lagardère Travel Retail Duty Free & Travel Retail Business Introduction
3.3 Lotte Duty Free Duty Free & Travel Retail Business Introduction
3.4 LVMH Duty Free & Travel Retail Business Introduction
3.5 Aer Rianta International Duty Free & Travel Retail Business Introduction
3.6 China Duty Free Group Duty Free & Travel Retail Business Introduction
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