Duty-Free Retailing Market 2020-2027 : COVID-19 Impact Analysis | Dufry, Lagardere Travel Retail, Lotte Duty Free, LVMH, Aer Rianta International

During recent years, airlines and airports are emphasizing increasing revenues through the sale of amenities on-board and in airport facilities. Duty-free retailing is regarded as an alternative solution to meet passenger’s demands. Duty-free retail is a unique selling channel to cater the international tourists and travelers. This has emerged as one of the important sources of income and marketing opportunities for various businesses around the globe. Products that can be sold duty-free varies by jurisdiction and different rules are applied based on excise duty calculations, import allowance restrictions, and other factors.

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The Duty-Free Retailing Market is also characterized by a highly complex value chain involving product manufacturers, material suppliers, technology developers, and manufacturing equipment developers. Partnerships between research organizations and the industry players help in streamlining the path from the lab to commercialization. In order to also leverage the first-mover benefit, companies need to collaborate with each other so as to develop products and technologies that are unique, innovative, and cost-effective.

Some of the players operating in the duty-free retailing market include DFS Group Limited, Dufry AG, Lotte Co., Ltd., Lagardère, Aer Rianta International (ARI), China Duty-Free Group Co., Ltd., Dubai Duty-Free, Duty-Free Americas, Inc., Gebr. Heinemann SE & Co. KG, King Power International Co., Ltd., HOTEL SHILLA CO., LTD. (The Shilla Duty-free), and JR / GROUP.

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