Thursday, 6 November 2014

Global Duty Free Retailing 2013-2018 - Market Dynamics, Retail Trends and Competitive Landscape

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Global Duty Free Retailing, 2013-2018: Market Dynamics, Retail Trends and Competitive Landscape. This engaging new issue report delves right into the heart of a strong industry across the globe, providing analysis of current and forecast market data of retail sales in different category groups in the Duty Free retail channel. Highlighting the fastest-growing regions for duty free stores and identifying trends influencing the markets with an emphasis on innovative retailers – this one of a kind report is an essential tool for anyone with a stake in the duty free retail market!

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Report Highlights

The Duty Free channel has observed notable growth over the last five years; however, it was far below its potential as the market was largely impacted by recession and the European crisis. As the world’s economy is on the path to recovery, tourism is growing globally. Visitors from developing countries such as China are spending significantly on branded goods during travel
Growth in tourism is largely being boosted by increasing low cost airline options and a surge in tourists from developing countries. In addition, Duty Free stores have improved their sales promotions and availability of international brands, and have a wider product range and price points to attract consumers
South Korea accounted for more than 12.7% of the global Duty Free sales in 2013 (US$5.7 billion) and is the biggest market in the world in terms of total Duty Free retail sales. Rising numbers of Chinese visitors continue to be the main driving force toward improving Duty Free sales in South Korea. The new rule to increase the inbound Duty Free allowance for travelers to South Korea from US$400 to US$600 from September 5th, 2014 is also expected to help in increasing Duty Free sales over the coming years.

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Health & Beauty
Consumer Packaged Goods
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