Top 10 shops for travel retail - The Drinks Business

3rd October, 2012 by Rupert Millar - This article is over multiple pages: 1 2 3 4 5 6 7 8 9 10 11

Global travel retail remains one of the most buoyant channels in the world, and not just for wines and spirits.

Overall, every category recorded growth in 2011 and in practically every market too.

The biggest growth was experienced by luxury goods, (up 19% on 2010 according to Generation Research), this was followed by fragrances and cosmetics (up 18.8%) and then alcohol (up 17.9%).

Altogether the travel retail market is worth a staggering US$46 billion and of that, wines and spirits is worth $7.6bn.

Obviously the rise of Asia and other BRIC economies is accounting for increasing sales ? particularly of high-end, premium or super-premium products ? but their ever-expanding horizons will also keep markets in the Americas and Europe extremely profitable for a long time to come.

The airports listed here are in the order given by Tax Free World Association for 2011.

For more on travel retail see the October issue of the drinks business.

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Source: http://www.thedrinksbusiness.com/2012/10/top-10-shops-for-travel-retail/

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