The current shape of Duty Free & Travel Retail
Global duty free & travel retail turnover from 2005 to 2014
Sales to travellers have doubled in the last decade, rebounding strongly from the financial downturn, but the rate of growth has slowed in recent years.
Share of global duty free & travel retail turnover by region for 2014
Europe dipped below a third of total sales as Asia Pacific edged closer to a 40% share, confirming its leadership among the regions.
Breakdown of global duty free & travel retail turnover by product category for 2014
Fragrances and cosmetics formed both the biggest and the fastest-growing category in 2014, while confectionery and fine food also enjoyed strong momentum, albeit from a smaller base.
Share of global duty free & travel retail turnover by sales channel for 2014
Other Shops’, including downtown duty free stores, grew at the expense of the other channels in 2014, although airports remained the favourite place to buy.