Travel Retail Market Trend Shows A Rapid Growth by 2027 – Key Player Aer Rianta International, China Duty Free Group, Dufry, Duty Free Americas

The Insight Partners reports titled “The Travel Retail Market” and forecast to 2027 gives a detailed analysis of the market with key company profiles. The Travel Retail market is evaluated based on two segments i.e., by type and application and covers essential statistics and details for current and future market scenarios. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors in strategic decision making.

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The report also puts forward the current and future market scenario derived precisely from a thorough analysis of the markets across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The exhaustive PEST analysis is done for each region to assess major external factors which may influence the Travel Retail Market in the coming years.

The market study also includes the key drivers expected to boost the market growth and restraining factors along with future opportunities during the forecast. The Travel Retail Market is likely to showcase symbolic growth opportunities owing to growing demands for Travel Retail across the globe. The market report highlights top ten companies’ operation strategy in the market through a descriptive SWOT analysis of each company, business overview, products and services, financial statements of last three years, and key developments and product launches by the company in recent years.

The global players operating in The Travel Retail Market profiled in the report covers: Aer Rianta International cpt, China Duty Free Group Co., Ltd., Dufry AG, Duty Free Americas, Inc., Gebr. Heinemann se & co.kg, Lagardère Group, Lotte Hotels and Resorts, LVMH Moët Hennessy, The King Power International Group, THE SHILLA DUTY FREE

The insights also cover the production, value, market share, and growth rate of these top manufacturers and investigate the competitive landscapes for a better understanding of the market scenario. The report is intended to help the readers develop a practical and intelligent approach to market dynamics and exploit opportunities accordingly.

The global travel retail market is segmented on the basis of product type and channel. Based on product type, the market is segmented into perfumes & cosmetics, food confectionery & catering, wine & spirits, luxury goods, tobacco, electronics and others. On the basis of the channel the market is segmented into airports, cruise liners, railway stations and border down-town & hotel shops.

Travel retail is a worldwide industry selling goods to international travelers. Sales in travel retail shops are accepted from the payment of certain local or national taxes and excise duties. It is generally with the requirement that the goods are only sold to travelers who will take them out of the country. Products that can be sold by travel retail differ by jurisdiction and different rules which is based on import allowance restrictions, excise duty calculations and other aspects. Airports provide the majority of such sales globally. Travel retail is available at border shops, onboard aircraft during international flights, cruise & ferry shops on vessels in international waters, at some international railway stations and for the provisioning of ships sailing in international waters.

Development of the travel and tourism industry across the globe is expected to remain the dominant force driving the demand for the travel retail market. Furthermore, the rise in disposable income among individual is also projected to influence the travel retail market significantly. Moreover, due to the increase in the number of the millennial population is going to have a robust impact on the travel retail market. Growth in Asia-Pacific and LAMEA economies is anticipated to generate untapped opportunity for the travel retail market.

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Posted by on Tuesday June 25 2019, 12:02 AM EDT. All trademarks acknowledged. Filed under Business Services, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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