What are the factors affecting the Travel Retail Market?

Описание: we have offered an in-depth analysis of the global travel retail market.
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Improvement in economic conditions and growth in disposable income are the two key factors that propel the growth of the travel retail market.

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Development of the travel & tourism industry, rapid urbanization, and lifestyle changes owing to the increased disposable income of consumers drive the growth of the travel retail market. In addition, an increase in national or international travel & tourism in the emerging economies, such as Asia-Pacific and LAMEA is anticipated to create lucrative opportunities for the global travel retail market.

The majority of travelers prefer wines & spirits. Also, the growth in the culture of owning luxurious goods and consumption of expensive wines & spirits drive the growth of the market.

Asia-Pacific is the largest travel retail market in the world and has been growing at the fastest rate owing to improvements in living standards, rise in disposable income, improvement in lifestyle, and development of the tourism industry.

The report offers a comprehensive analysis of the key players such as DFS Group, Dufry, LS travel retail, Lotte Duty-Free, King Power International Group, The Shilla Duty-Free, and Gebr.

According to the report, the global travel retail market is projected to reach $153.7 billion by 2025, growing at a CAGR of 9.6%.

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