Press release
Travel Retail Industry 2025 | Global Tourism Revival & Luxury Shopping Till 2032 | Duty-Free Americas, Inc, Gebr. Heinemann SE & Co. KG, King Power International Group Co Ltd, Lotte Duty-Free Jeju Co Ltd., Lagardere Travel Retail SAS
Travel Retail Industry
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Latest M&A in Travel Retail
M&A in travel retail accelerated in 2025, with nearly $11 billion in deal value for global travel, leisure, and hospitality sectors in the first half, a 17.3% YoY rise despite a drop in deal volume.
Hyatt's $2.6 billion acquisition of Playa Hotels & Resorts and Apollo's $6.3 billion acquisition of International Game Technology (IGT) and Everi Holdings highlight sector-defining deals focused on scaling operations and luxury/experiential travel.
Lagardère Travel Retail expanded further in Saudi Arabia, adding new duty-free stores and dining outlets at major airports as a part of its global consolidation and emerging market push.
Investments are increasingly targeting AI-driven hospitality, digital transformation, and experiential shopping to reshape customer journeys in travel retail settings
List of Top Key Player:
AerRianta International Cpt, China Duty-Free Group Co Ltd, DFS Group, Dufry AG, Duty-Free Americas, Inc, Gebr. Heinemann SE & Co. KG, King Power International Group Co Ltd, Lotte Duty-Free Jeju Co Ltd., Lagardere Travel Retail SAS, and The Shilla Duty-Free
Forecast Projection:
The Global Travel Retail Market is poised for significant growth between 2025 and 2032. In 2024, the market maintained a steady upward trajectory, and with strategic initiatives by leading players accelerating adoption, the market is expected to soar throughout the forecast period. Companies leveraging these trends are well-positioned to capture emerging opportunities and maximize revenue potential.
Market Intelligence Research Process:
The Travel Retail Market research report by DataM Intelligence combines primary and secondary data to deliver deep, actionable insights. It examines the full spectrum of factors shaping the industry, from government regulations and market conditions to competitive dynamics, historical trends, technological breakthroughs, upcoming innovations, and potential challenges. This comprehensive analysis not only highlights growth prospects but also identifies barriers, equipping businesses to navigate market volatility and capitalize on emerging opportunities.
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Key Segmentation:
By Product Type: (Electronics, Food, Confectionery and Catering, Fashion and Accessories, Perfumes and Cosmetics, Tobacco Goods, Wines and Spirits, and Others)
By Distribution Channel: (Airports, Cruise Liners, Railway Stations, Border, Downtown & Hotel Shops)
Global Growth Regional Analysis:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
Chapter 1 - Market Overview: Kickstarts the report with a comprehensive snapshot of the Travel Retail Market, summarizing key segments by region, product type, and application. Highlights include market size, segment growth potential, and short- & long-term industry outlook.
Chapter 2 - Emerging Trends: Uncovers the game-changing trends and high-impact innovations shaping the future of the industry.
Chapter 3 - Competitive Landscape: Offers a deep dive into market competition, detailing revenue shares, strategic initiatives, and recent mergers & acquisitions.
Chapter 4 - Top Player Profiles: Features detailed company profiles, covering revenue, profit margins, product lines, and major milestones for leading market players.
Chapters 5 & 6 - Regional & Country Analysis: Breaks down revenue performance across global regions, providing insights on market sizes, opportunities, and growth prospects worldwide.
Chapter 7 - Segmentation Analysis: Explores market segmentation by type, revealing high-potential categories and guiding businesses towards lucrative areas.
Chapter 8 - Application Insights: Examines downstream markets and identifies promising sectors for expansion, showing how different applications are driving growth.
Chapter 9 - Supply Chain Mapping: Maps the entire industry supply chain, highlighting upstream and downstream activities for a holistic market perspective.
Chapter 10 - Key Takeaways: Concludes with critical insights and actionable strategies, equipping stakeholders to make informed decisions and stay ahead in the market.
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Recent Product Launches and Innovations
Pandora and Harding+ debuted a global travel retail first: bespoke jewelry engraving machines at sea on major cruise ships, enabling guests to create unique keepsakes during their journey.
Mondelēz and Nestlé's KitKat released travel-exclusive confectionery SKUs and omnichannel airport campaigns as part of 2025's sweet and snacks category growth.
Fazer, the Finnish confectionery brand, launched its new travel retail range for 2026-2027, focusing on signature classics and innovative treats for international markets.
Experiences such as M&M's pop-up stores in major airports, and tech-enabled loyalty and personalization offerings continue to raise the bar for travel retail engagement
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