Passenger Terminal Today.com
The daily portal for the latest airport passenger terminal news and views
   Sort by: relevance most recent



NEWS >>

Global Duty Free market to grow 8.56% by 2021

Research and Markets, one of the world’s largest market research providers, has released a report entitled the Global Duty-Free Retailing Market 2017-2021, in which it predicts that global duty-free retailing will grow by 8.56% over the period.

The report discusses current revenues, then also the potential for development, with insight from key vendors in the industry – emerging markets and spending on high-cost items are said to be the drivers for growth. The Asia-Pacific region is the fastest-growing, thanks to increasing airport traffic and a thriving tourism industry, and its contribution to the duty-free market is expected to increase. The demand for luxury, high-value goods is also said to be rising, accounting for 64.43% of global revenues in 2016.

However, the report does also warn of potential setbacks for duty-free growth, such as a reduced focus on shopping at certain travel points and limited vacation time in other markets. The report is available here.

Written by Chris Anderson

January 30, 2017





RECEIVE THE
LATEST NEWS


Your email address:



Monthly Poll >>

What is the biggest challenge facing the African aviation sector today?

SUPPLIER SPOTLIGHT

Click here for listings and information on leading suppliers covering all aspects of the passenger terminal industry. Want to see your company included? Email Damien de Roche.

View all suppliers >>

Passenger Terminal World >>

Read latest issueNEW DIGITAL EDITION:
Passenger Terminal World January 2018 is now online.

Read now.


More Information>>

Railway Terminal World >>

Read latest issueNEW DIGITAL EDITION: From the publishers of Passenger Terminal World, the only magazine dedicated to railway terminal and station design and technologies.


Read the free digital edition >>


TV >>

iGA releases video showcasing Istanbul New Airport

Watch Now >>

Annual Showcase 2018 >>

Read latest issueNEW DIGITAL EDITION:

Passenger Terminal World Showcase 2018 is now online.

Read now.


More Information >>