As geopolitical tension and economic fragmentation reshape the global order, duty free and travel retail find themselves at a crossroads. The industry is contending with rising uncertainty across markets, shifting regulatory environments, and mounting operational pressures that challenge long-standing business models. For the third consecutive year, the gap between traffic and value widened and what appeared initially as a temporary mismatch has now turned into a structural disconnect.
This report by has been compiled by the global consultancy Kearney and delivers a forward-looking analysis of the forces currently reshaping the travel retail ecosystem.
The Kearney report is available for TFWA members to download free of charge, as part of their membership package. Click on the link below to access your copy.
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