#lotte duty free shop

[crishel2]

Lee Junho 20/01/24

LEE JUNHO

Atualização Instagram @post_leejunho @le2jh Lee Junho esteve no Lotte Duty Free Shop Singapura Changi Aeroporto Sabias disso? O Aeroporto de Changi é o maior ramo de isenção de impostos no exterior. Então 19 lojas são a grande inauguração #이준호 #LEEJUNHO #포스트잇 #롯데면세점 #LOTTEDUTYFREE

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[yongbokiee-felix]

📸𝘚𝘵𝘳𝘢𝘺 𝘒𝘪𝘥𝘴 𝘕𝘦𝘸 𝘝𝘪𝘴𝘶𝘢𝘭📸

LOTTE DUTY FREE × SKZ new visual unveiled for the first time!

Before you leave the country, enjoy great value duty-free shopping at Lotte Duty Free Ginza ✈

[eepuniverse]

Hexel's World Tour Week 6 – Seoul

Everyone, I'm home. I know it sounds so cliche, but the moment I got off the plane in Seoul, I felt like I was coming home🇰🇷❤️. I already knew I could speak Korean, so getting through the airport and to the main city was a breeze (but can we talk about Incheon airport? It is so cool. I could literally spend a whole day at just the airport). I quickly got to my hotel in the middle of Seoul and it is way too nice. I feel like an imposter staying here hahaha.

There are some parts of the city that feel so familiar to me, even though I can't fully remember them. One day, I ended up just walking instinctively to this hole-in-the-wall kalgooksu restaurant and had the best noodle soup ever! 🍜(or I think it's the best I've ever had. It also felt so familiar!) Another place that felt super familiar was Dongdaemun and the Design Plaza. It kind of looks like a spaceship, but I knew exactly where to exit the subway station to get there. It was like instinct. The markets in Dongdaemun are so nice! They have so much fashion and accessories 👗 it was all so overwhelming. But I was able to buy gifts for Georgia while I was there

Talking about cool shops, I just wandered around Insadong for like half a day. There are so many side streets with cafes and small shops that you wouldn't even know were there unless you went to explore. From Insadong, I ended up walking to Bukchon traditional village. Both Insadong and Bukchon are known for their traditional hanok houses. And you all, I could LIVE in one of these. They're so beautiful and smell amazing like wood and paper! I found a place in one of these hanok houses called Aromind which lets you design your own perfume scent! It was so cool and I made one for Krista (hope she likes it!) 🎁

I also wrote down all the food places I loved to go with Dustin if we ever come to Seoul together, including this place that does bbq ribs DIPPED 🍖🧀 in melted cheese and a jjajangmyeon place that handrolls their noodles! I wanted to get Dustin a whole package of Hanwoo--prime Korean BBQ beef (did you know you could buy those?!)--but I was worried about getting it through customs, also, it was a lot to ship back to the US. So I got Dustin some green tea from Ossulloc 🍵, I know it's not technically food, but it's food adjacent! And their tea house in Gwanhun-Dong was so gorgeous with all the traditional ceramics and the little displays about how the teas are roasted! Plus, they're right by Jogyesa Buddhist Temple. They told me Jogyesa is the chief temple of the Jogye Order of Korean Buddhism. The building dates back to the late 14th century! And you can write your wish on a piece of paper and hang it like a little flag. All the wishes fluttering in the air were so beautiful!

I didn't mean to organize my tour around Seoul based on buying the perfect gifts for my friends, but it turned out that way. So I knew I had to find something amazing for Mac, and I did in Gangnam! That neighborhood kind of reminds me of midtown New York with all the skyscrapers and the fancy hotels and buildings. They have the flagship store to this amazing sunglasses store called Gentle Monster. But they don't just sell sunglasses, they also have amazing art displays that the store clerk told me rotates regularly! In fact, lots of the cool high fashion stores do fun artsy displays in Seoul! From there, I just popped over to Lotte World Tower and bought ALL the duty free skincare! I can't wait to try all my facemasks with the band! Apparently Lotte World Tower is the tallest building in South Korea. And they even have an aquarium in there!

[sunsetkrp]

             𝐒𝐔𝐍𝐒𝐄𝐓𝐊𝐑𝐏'𝐒     𝐎𝐏𝐄𝐍𝐈𝐍𝐆     𝐄𝐕𝐄𝐍𝐓 !!

the pop-up spring carnival is coming to sunset galleria !  our spacious center plaza will be filled with fun indoor rides and attractions open to all shoppers, and free to employees once they’ve completed their work duties !  the carnival will run nonstop from may 13th to may 20th, so be sure to cram some fun in when you can !  click the read more for additional information on the attractions and some fun thread ideas +  make sure to tag all event threads with ‘sunsetevent: spring carnival’. note that taking part is entirely optional, but i hope you all have a blast !

𝐑𝐈���𝐄𝐒

disco pang pang — the dreaded legend is back; the infamous disco pang pang is a large, circular ride that spins and bounces without safety restraints. factor in mischievous ride operators trying to forge love connections between various riders by bouncing them into one another, and you certainly have a thrilling experience. ride at your own risk !

petal to the metal — your traditional bumper cars, doused in purple flowers for the spring festivities !  mercilessly target your friends, your family, your coworkers or even that special someone with some light vehicular combat !

ferris wheel — a smaller version of the beloved classic, take a relaxing spin above the upper mezzanine levels with friends and cast your eagle eye on deals in your favorite shops !  children must be accompanied by an adult !

lotus swing — an elevated, rotating swing ride designed to look like a blooming lotus. catch the cool breeze and a dose of playground nostalgia where you and your cares can fly away !

bom banghag — the biggest thrill the carnival offers, bom banghag is a stunning garden green and magenta roller coaster that wraps around many other attractions with strategic precision. collect your action photo as a free memento on the 80 degree drop capturing your childlike joy or traumatizing fear !

𝐆𝐀𝐌𝐄𝐒

flower pop — throw pastel darts at a wall of flower shaped balloons !  depending on how many you pop, you can win a spring theme plushie in various sizes !

air hockey — challenge your friends to classic game of air hockey !  the winner player of a best of three series will score a ton of tickets, which can be turned in for multiple different prizes !

skee-ball — test your throw with some internationally beloved skee-ball !  if you can aim things just right, you might be taking home one of the adorable spring flower onesie costumes  !

boxing machine — have a strong arm ?  participate in this test of strength, then !  throw your best punch at out tough punching bag and let the machine calculate your score !  this one’s just for fun, but you can certainly win some bragging rights !

pachinko — the popular japanese game in which you release a ball through a maze of pegs to see where it lands !  if you have the accuracy for it, you’ll do extremely well, and the coveted assorted snack gift box will be yours !

mini basketball — if you possess any b-ball skills, this is the game for you !  with a dozen separate hoops and a ten ball limit for every turn, the adorable bird seed pouch prizes go to the best baller !

water blast race — use your flower bomb water gun to hit the target and get your daisy to grow to the top faster than your friends’ !  to the winners go charming best friend tees adorned with matching ‘spring queen’, ‘spring king’ and ‘spring royalty’ logos !

𝐑𝐄𝐅𝐑𝐄𝐒𝐇𝐌𝐄𝐍𝐓𝐒

kimchi-buchimgae (spicy, crispy kimchi pancakes)

tteokbokki (spicy stir-fried rice cakes)

dakgangjeong (sweet, crispy korean fried chicken)

fish cake skewers

american cheeseburgers and french fries

kkwabaegi (twisted korean doughnuts)

gamja-hotdogs (deep fried hotdogs covered with french fries)

sweet potato sticks

patbingsu (red bean paste shaved ice dessert)

boba tea

pepsi & coke products

lotte products

watermelon soda

𝐓𝐇𝐑𝐄𝐀𝐃 𝐈𝐃𝐄𝐀𝐒

muse one is terrified of roller coasters, but may be willing to ride alongside muse two who is a thrill ride fan and has offered to hold their hand through the experience.

muse one and muse two have gotten extremely competitive over pachinko, due to both wanting the biggest assorted snack box prize. neither of them can seem to pull ahead of the other.

muse one accidentally bumps into muse two and spills their drink all over them. what was meant to be a fun time for each of them has gotten off to a terrible start.

muse one and muse two have been targeted by the disco pang pang ride operator, who keeps bouncing them into one another. will any chemistry develop, or just bruises ?

muse one was just about to order some dakgangjeong, but muse two ordered the last batch and now there’s gonna be a ten minute wait.

muse one and muse two are both in a long line for a popular ride and are forced to make conversation to pass the time.

muse one hasn’t been able to win themselves a prize, but muse two swoops in thinking they’re cute, determined to win the prize to gift to muse one.

muse one and muse two came to the carnival separately, but end up spending the whole day together lost in nostalgic bliss after reminiscing about the same ride.

muse one accidentally drops their phone from the lotus swing, but it’s luckily caught safely by the attentive muse two.

muse one and muse two had agreed to meet up at the carnival, but one of them has too much work left to do, so the other forgoes having fun to help them finish up.

muse one and muse two get stuck on top of the ferris wheel during a mechanical issue.

muse one and muse two had an argument in front of customers, and now they’ve both been placed on clean up duty for the carnival as punishment.

muse one is not into the boisterous scene of the spring carnival, but muse two is determined to get them to see the fun side of things and let loose for once.

[williamkergroach55]

Cam Ranh Update

After a two-hour flight from Bangkok, my neck resting against the overly red plastic seats of Thai AirAsia Flight 646, I was once again stepping onto Vietnamese soil. I already dreaded that my time in Nha Trang might not be as relaxing as its sunny beaches promised.

Barely out of the plane, I followed the flow of Russian and Chinese tourists collecting their luggage. I observed this crowd, which felt new to Vietnam. Watching some of them, I couldn’t help but think their interests might extend beyond a simple tourist getaway.

I was also surprised by the facelift the Cam Ranh International Airport had received. Everything had become smooth, bright, sanitized, mirroring much of the rest of Southeast Asia. It was new to me, accustomed as I was to the worn-out buildings of the communist era.

I had read an article by Le Thi Hong Minh, the General Director of the international terminal at Cam Ranh, where she praised the modernization she had overseen. Since the terminal’s inauguration in June 2018, the airport had indeed become one of the most beautiful in Vietnam. Tourists and businesspeople now flocked to Nha Trang, the new beach paradise of Khanh Hoa province.

The terminal, with its modern architecture, symbolized the awakening of a Vietnam long asleep, now determined to look toward the future. The marble floors gleamed under soft lights, and the large windows hinted at escapes to distant hills and the calm waters of Nha Trang Bay.

Travelers moved smoothly through the terminal, thanks to the 70 check-in counters and the automated baggage tag reading system. The aging communists now seemed more inclined to die than to dampen the enthusiasm of a young Vietnam hungry for modernity.

“We invested massively in this terminal,” Le Thi Hong Minh had confirmed. The four boarding bridges could now accommodate both narrow-body aircraft and larger carriers. Everything had been designed to provide passengers with a comfortable experience. Beyond the general director, the entire staff seemed proud of the airport’s standards. I recognized this atmosphere—the spirit of countries determined to compete among the best. It was a feeling the West had forgotten for decades.

Behind these investments, economic and political stakes loomed. The airport, now the fourth busiest in the country, played a key role in Nha Trang's tourism and economic boom. The influx of Russian and Chinese visitors confirmed the site’s strategic importance. The duty-free shops recently opened by South Korea’s Lotte Duty Free were crowded with people eager to buy luxury perfumes and cosmetics. Vietnam was re-embracing capitalism.

I banished my memories of the old airport, a worn-down checkpoint populated by grumpy officials.

That was, thankfully, a bygone time. Today, Nha Trang Airport rivaled the major regional hubs. Le Thi Hong Minh had promised infrastructure expansion to accommodate up to eight million passengers by 2030, with massive investments in shopping centers, hotel complexes, and marinas that would forever change the face of this once-sleepy province.

Le Thi Hong Minh spoke of the airport’s environmental impact, unable to divert my attention from the real issues unfolding in this region. That was what I was here for. The shadow of tensions in the South China Sea threatened this tourist paradise. The rise of Chinese ambitions in the Spratly Islands, the region’s growing militarization, and frequent naval skirmishes stirred anxieties that the terminal’s high-tech facilities could hardly mask.

I quickly left the terminal, noting the update from the era of Uncle Minh.

#AdventureNovel #VietnamAdventure #CamRanhAirport #NhaTrang #SouthChinaSea #VietnamTravel #GeopoliticalThriller #ModernVietnam #WilliamKergroach #TravelAndIntrigue #EspionageThriller #ActionAdventure #SouthEastAsia #ThrillerWriter #ExoticDestinations #VietnameseCulture #LiteraryFiction #InternationalIntrigue #PoliticalThriller

[nmsc-market-pulse]

𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐁𝐨𝐨𝐦𝐢𝐧𝐠 𝐓𝐫𝐚𝐯𝐞𝐥 𝐑𝐞𝐭𝐚𝐢𝐥 𝐚𝐧𝐝 𝐃𝐮𝐭𝐲-𝐅𝐫𝐞𝐞 𝐌𝐚𝐫𝐤𝐞𝐭!

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐑𝐄𝐄 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.nextmsc.com/travel-retail-market/request-sample

The 𝐓𝐫𝐚𝐯𝐞𝐥 𝐑𝐞𝐭𝐚𝐢𝐥 𝐚𝐧𝐝 𝐃𝐮𝐭𝐲-𝐅𝐫𝐞𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 has shown remarkable resilience and continues to thrive as global travel rebounds. Duty-free shopping plays a significant role in this expansion, driven by increasing international travel and rising disposable incomes.

𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐁𝐞𝐡𝐚𝐯𝐢𝐨𝐫 𝐓𝐫𝐞𝐧𝐝𝐬

𝑳𝒖𝒙𝒖𝒓𝒚 𝒂𝒏𝒅 𝑷𝒓𝒆𝒎𝒊𝒖𝒎 𝑷𝒓𝒐𝒅𝒖𝒄𝒕𝒔: Travelers are increasingly seeking high-end brands and unique products that they might not find in their home countries.

𝑫𝒊𝒈𝒊𝒕𝒂𝒍 𝑻𝒓𝒂𝒏𝒔𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏: The integration of digital technologies, such as mobile apps and e-commerce platforms, is enhancing the shopping experience, making it more convenient and personalized.

𝑺𝒖𝒔𝒕𝒂𝒊𝒏𝒂𝒃𝒊𝒍𝒊𝒕𝒚 𝒂𝒏𝒅 𝑬𝒕𝒉𝒊𝒄𝒂𝒍 𝑺𝒉𝒐𝒑𝒑𝒊𝒏𝒈: Sustainability is becoming a key factor for consumers. Duty-free retailers are now focusing on eco-friendly packaging, sustainable products, and corporate social responsibility initiatives.

𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐋𝐨𝐜𝐚𝐭𝐢𝐨𝐧𝐬

Airports, border shops, cruise lines, and downtown duty-free stores are prime locations for capturing the attention of global travelers. The strategic placement of these outlets significantly boosts sales and brand visibility.

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 

𝑹𝒆𝒈𝒖𝒍𝒂𝒕𝒐𝒓𝒚 𝑪𝒉𝒂𝒏𝒈𝒆𝒔: Adapting to varying regulations across countries can be challenging, but it also opens opportunities for innovation and differentiation.

𝑷𝒐𝒔𝒕-𝑷𝒂𝒏𝒅𝒆𝒎𝒊𝒄 𝑹𝒆𝒄𝒐𝒗𝒆𝒓𝒚: With travel restrictions easing, there is a pent-up demand for travel and shopping, offering a promising outlook for the industry.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.nextmsc.com/report/travel-retail-market

𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬:

The travel retail and duty-free market not only enhances the travel experience but also contributes significantly to the global economy. It provides a platform for brands to engage with a diverse audience and for travelers to discover new and exciting products.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 in the industry include Lotte Duty Free, The Shilla dutyfree, Dufry Group, DFS Group Limited, and others.

Let's continue to watch this space as it evolves and adapts to the changing dynamics of global travel.

[downincmi]

Duty Free Retailing Market Trends: Insights and Analysis

The duty free retailing market is witnessing transformation led by experiences and convenient shopping features. Duty free retailing allows international travelers to purchase tax and duty-free goods such as alcohol, tobacco, perfumes, and fashion accessories during international travel. These products are subject to customs duty if purchased or consumed within the destination country. The global duty free retailing industry allows passengers to enjoy substantial savings while traveling. The introduction of innovative shopping experiences through advanced digital and technology driven solutions are boosting sales. The Global Duty Free Retailing Market is estimated to be valued at US$ 38.95 Bn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030. Key players operating in the duty free retailing market are Dufry AG, LOTTE Duty Free Company, DFS Group Limited, Gebr. Heinemann SE & Co. KG, The Shilla Duty Free, The King Power International Group, James Richardson Corporation Pty Ltd., Duty Free Americas, Inc., Flemingo International Ltd., Dubai Duty Free, and China Duty Free Group Co., Ltd. Key Takeaways

Key players: Key players operating in the duty free retailing are focusing on expanding their global footprint by opening stores at new and existing airports. For instance, Dufry recently won the tender to operate the duty free shops at 12 Greek airports. Growing demand: The demand for duty free shopping is growing owing to increasing international travel and purchasing power of global consumers. Tourism growth in Asia Pacific and Middle East is fueling sales in these regions. Global expansion: Major duty free retailers are expanding their global presence through new contracts, mergers and acquisitions. For example, Lagardere Travel Retail acquired Air Miles in Poland to strengthen its position in Eastern Europe. Market Key Trends

The use of digital and technology is one of the major trends witnessed in the duty free retailing market. Players are focusing on enhancing the shopping experience through innovative technologies. The integration of virtual and augmented reality,mobile applications, beacons, and analytics is revolutionizing the shopping journey. Self-checkout options using automated payments and kiosks allow shoppers to navigate stores with ease. These advanced solutions are boosting impulse buying and average transaction volume in turn increasing revenues.

Porter’s Analysis

Threat of new entrants: The duty free retailing market requires large investments to build airport infrastructure and operate shops at various locations. These high entry barriers deter new players from easily entering this market. Bargaining power of buyers: Buyers have moderate bargaining power in this market. People travelling have limited brand choices within airports and seaports. However, several substitutes are available online. Bargaining power of suppliers: Leading brands dominate the supply landscape. They leverage their product exclusivity to negotiate better terms with large duty free retailers. Threat of new substitutes: Alternatives like airport lounges and in-flight shopping pose minimal threat currently. However, the growing e-commerce industry is becoming a strong substitute channel. Competitive rivalry: Top players compete on the basis of brand reputation, product variety, location of stores, and promotions. Mergers and acquisitions among industry majors further intensify competition. Geographical regions: North America holds the major share currently, supported by large international airport gateways in the US. Asia Pacific is expected to surpass North America during the forecast period due to rapid infrastructure development and rising air passenger traffic in countries like China and India. The fastest growing region is Asia Pacific, projected to expand at over 10% CAGR between 2023-2030. This can be attributed to strong tourism growth in Asian nations, increasing discretionary incomes, and initiatives by governments to promote duty free shopping. Countries like China, India, and Southeast Asian markets are poised to drive the next phase of growth in the region.

[coherentmarketinsights]

Insights into the Global Duty-Free Retailing Market: Trends, Opportunities, and Future Prospects

Duty Free Retailing Market is booming by Increased International Passenger Traffic The global duty free retailing market offers a wide variety of goods including perfumes, cosmetics, alcohol, tobacco and other luxurious goods to international travelers. Through duty free shopping, travelers can purchase branded goods at discounted prices without paying any duties or taxes. The growing international passenger air traffic and cruise travel has been fueling the sales in this market. The global duty free retailing market is estimated to be valued at US$ 38.95 Bn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030. Key players operating in the duty free retailing market are Dufry AG, LOTTE Duty Free Company, DFS Group Limited, Gebr. Heinemann SE & Co. KG, The Shilla Duty Free, The King Power International Group, James Richardson Corporation Pty Ltd., Duty Free Americas, Inc., Flemingo International Ltd., Dubai Duty Free, and China Duty Free Group Co., Ltd. With rising income levels and globalization, international passenger traffic is surging across regions. According to the International Air Transport Association, the number of global air passengers is expected to double to 8.2 billion by 2037. The growing number of flyers is fueling higher consumer spending at duty free shops located at airports. Major airport operators are also expanding duty free retail space to meet the increasing demand. For instance, Dubai Airport plans to double its duty free space by 2025 to attract more travelers and boost sales. Owing to favorable government policies for duty free retailers, many global brands are keen on expanding into new international markets. Several European duty free operators are actively seeking opportunities in Asia Pacific and Middle Eastern airports through joint ventures, management contracts and acquisitions. The US market is also opening up for foreign duty free retailers after decades of restrictions. This global expansion drive by major players is expected to further propel the growth of the duty free retailing industry during the forecast period. The key trends in the duty free retailing market include growing popularity of travel retail e-commerce platforms. Many duty free airport retailers are launching online sites and mobile apps to pre-sell goods to passengers before their travel. This allows travelers to skip lengthy checkout queues at airports and conveniently collect their pre-booked products. Travel retail ecommerce is gaining traction and expected to complement physical store sales in the coming years.Porter’s Analysis Threat of new entrants: The duty free retailing market requires high capital investment to enter the market, restricting new players. Bargaining power of buyers: Buyers have low bargaining power in the duty free retailing market as there are limited options and brands available without taxes. Bargaining power of suppliers: A few prominent brands dominate the supply market, allowing them stronger negotiating power against duty free retailers. Threat of new substitutes: There are no close substitutes for tax-free shopping. Competitive rivalry: Players compete on expanding product portfolio, locations, and shop design. Geographical Regions North America accounts for the largest share of the global duty free retailing market, primarily driven by strong travel and tourism industry in the United States. The Asia Pacific region is expected to witness the fastest growth during the forecast period owing to rising incomes, expanding airport infrastructure, and increasing international passenger traffic in countries such as China and India.

[chemicalsectorupdates]

Exploring Emerging Markets: Duty Free Retailing Market Dynamics

Duty Free Retailing is Evolving with Experience Seeking Travelers

The duty free retailing market is poised to witness a surge in demand by experience seeking travelers amid growing global tourism. Duty free retailing involves the sale of goods without import duties or taxes to international travelers. Common duty free products sold include fragrances, cosmetics, liquor, tobacco and confectionery. Duty free outlets provide travelers an avenue to purchase famous brands at significant markups compared to local prices. The global duty free retailing market is estimated to be valued at US$ 38.95 Bn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the duty free retailing market include Dufry AG, LOTTE Duty Free Company, DFS Group Limited, Gebr. Heinemann SE & Co. KG, The Shilla Duty Free, The King Power International Group, James Richardson Corporation Pty Ltd., Duty Free Americas, Inc., Flemingo International Ltd., Dubai Duty Free, and China Duty Free Group Co., Ltd. This prominent companies continue to expand their global footprint to tap growing demand. Market Key Trends The growing trend of airport retailing experience is a key trend in the duty free retail market. Major airports are focusing on transforming duty free shopping into a distinct experience zone by implementing innovative concepts. For instance, duty free outlets are promoting live entertainment and interactive digital elements to engage travelers. Furthermore, personalized service, exclusive offers and smooth payment options using technologies are being emphasized to differentiate the airport retailing experience. This trend is expected to drive higher ticket size per customer as experience seeking travelers spend more time at airport retail zones.

Porter's Analysis Threat of new entrants: Low cost of operations and brand loyalty make it difficult for new players to enter the market. However, opportunities exist in developing economies. Bargaining power of buyers: Buyers have moderate bargaining power due to accessibility of substitute shopping channels and product choices. Promotions and unique product offerings help retailers maintain customers. Bargaining power of suppliers: Suppliers have low bargaining power as duty free retailers source products from a wide range of suppliers globally and alternative supplier options are available. Threat of new substitutes: Substitute shopping channels like online retail and duty paid retail offer alternate shopping experiences. However, duty free retains advantages like heavy discounts, exclusive products and airport ambience. Competitive rivalry: Intense competition exists among major players to gain higher airport shop space and offer wider range of luxury brands. Market consolidation is high with top players dominating developed regions. Geographical regions with high market value The Asia Pacific region accounted for the highest share in the global duty free retailing market in terms of value in 2023, with countries like China, Japan, South Korea and India witnessing heavy passenger traffic. Europe is another major region contributing to high duty free sales, led by heavy international transit in countries like the UK, Germany and France. Fastest growing region The Middle East and Africa region is projected to grow at the fastest CAGR during the forecast period of 2023-2030. This can be attributed to rising per capita spending by Gulf country nationals and tourists, expanding airports in the developing economies and increasing international travel within the region. Dubai Duty Free in UAE has been amongst the highest grossing airport retailers globally.

[chemicalresearchupdates]

The Impact of Consumer Behavior on Duty Free Retailing Market Evolution

Duty free retailing refers to the selling of goods such as tobacco, alcohol, fragrances, and luxury goods to international travelers without the assessment of duties or taxes. Duty Free retailing offers consumers an opportunity to purchase high-end goods at discounted prices. With hectic lifestyles, consumers prefer one-stop shopping and this fuelling the growth of duty free retailing globally.

The global Duty Free Retailing Market is estimated to be valued at US$ 38.95 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Online Shopping Opportunities: With rising popularity of online shopping, duty free retailers have started offering their products online. This provides an opportunity for travelers to pre-book or pre-order items even before reaching an airport. It allows customers to compare prices and products online. Digital platforms also help retailers in expanding their consumer base beyond travelers. The availability of duty free products online from the convenience of one's home is expected to drive the growth of duty free retailing market during the forecast period. Retailers focusing on strengthening their online presence and omnichannel capabilities can benefit significantly from this opportunity. Porter's Analysis

Threat of new entrants: The threat of new entrants in the duty free retailing market is moderate. Establishing a new duty free shop requires high capital investment for licenses, real estate, product procurement etc. However, the market is growing at a robust pace attracting new private players.

Bargaining power of buyers: The bargaining power of buyers in the duty free retailing market is high. Buyers have a wide range of product options from different duty free shops at airports and seaports. They can easily compare prices.

Bargaining power of suppliers: The bargaining power of suppliers is moderate. While there are many brand manufacturers, top brands have some influence over suppliers due to their market dominance.

Threat of new substitutes: The threat of substitutes is low. There are limited alternatives to duty free shopping experience while travelling internationally.

Competitive rivalry: The competitive rivalry is high among major global players and regional operators. They compete on factors like product ranges, pricing, customer service, exclusivity etc. SWOT Analysis

Strength: Duty free shops have a captive customer base at international transit points. They offer exclusive high-end brands and large product assortment not easily available elsewhere.

Weakness: Over-reliance on travel retail market exposes business to volatility during economic downturns affecting passenger traffic. Seasonal demand impacts profitability.

Opportunity: Emergence of new international airports and seaports in developing markets offers greenfield opportunities. Growth of duty paid travel retail and cross-border e-commerce expands addressable market.

Threats: Trade wars and rising geopolitical tensions impact cross-border travel. Tighter regulatory norms on tobacco and alcohol sale pose challenges. Spread of pandemic diseases curb passenger traffic. Key Takeaways

The global duty free retailing market is expected to witness high growth over the forecast period driven by rising international tourism and expansion of global airports.

Regional Analysis: The Asia Pacific region currently dominates the market supported by robust travel retail growth in China and Southeast Asian countries. Air passenger traffic recovery in the region post pandemic will further accelerate the market.

Key players operating in the duty free retailing market are Dufry AG, LOTTE Duty Free Company, DFS Group Limited, Gebr. Heinemann SE & Co. KG, The Shilla Duty Free, The King Power International Group, James Richardson Corporation Pty Ltd., Duty Free Americas, Inc., Flemingo International Ltd., Dubai Duty Free, and China Duty Free Group Co., Ltd. Dufry AG leads the global market and is expanding its airport retail footprint through acquisitions. Regional players are strengthening their positions through joint ventures with global brands. Market leaders focus on digital innovations, multiproduct categories and luxury brands to boost revenue per passenger.

[fff777]

i just watched mark's video for online shopping with lotte duty free and this feels like an infomercial X'D he's wearing a polo that makes him look like he works retail

[pearlsmith25]

Duty Free Retailing Market Odyssey: Navigating the Seas of Tax-Free Retail Opportunities

Duty free retailing refers to the sale of goods without payment of certain local or national taxes and duties. Typically, these goods are sold in airports and on board commercial aircraft and ships. Duty free shops allow travelers to purchase alcohol, tobacco products, perfumes, and cosmetics among other items at a lower price by waiving off the applicable taxes and duties. Duty free retailing has become quite popular among air travelers as it provides an opportunity to avail international branded goods at discounted prices. The global duty free retailing market is estimated to be valued at US$ 38.95 billion in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The key market opportunity for duty free retailing market lies in the increasing international air passenger traffic. According to International Air Transport Association (IATA), the number of global air passengers is expected to witness robust growth in the coming years. IATA estimates that the annual passenger traffic is estimated to double and reach 8.2 billion by 2037. This consistent rise in air travel will fuel sales in airport duty free shops. As duty free shopping has become an integral part of air travel experience for passengers, the high traffic volume is likely to translate into greater sales potential. The growth in international tourism also bodes well for duty free retailers operating in airports and on international routes. Thus, the rapid expansion of global air travel presents a lucrative market opportunity for duty free retailers over the forecast period. Porter's Analysis Threat of new entrants: The duty free retailing market requires high capital investments to establish and maintain duty free shops at airports or seaports. Presence of established brands with strong brand equity also poses barrier for new entrants. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternatives and brand options. However, time constraints at airports/seaports limit buyers' ability to compare offerings and negotiate. Bargaining power of suppliers: Suppliers have moderate bargaining power due to presence of multiple raw material/product suppliers. However, established duty free retailers can choose from a large number of premium/luxury brands. Threat of new substitutes: Limited threat as duty free shopping offers unique proposition of tax savings. However, online channels are emerging as alternatives. Competitive rivalry: Intense due to presence of global and regional retailers competing on service, product range, pricing and promotional strategies. SWOT Analysis

Strength: Wide product assortment, premium brands, favorable locations at airports/seaports, reputed brand image. Weakness: High operating costs, vulnerability to challenges in tourism/travel industry, regulatory restrictions. Opportunity: Emerging regional travel hubs, new seaports, expansion in Asia Pacific. Threats: Economic slowdowns curbing travel, stringent regulations, substitutes like online/domestic shopping. Key Takeaways The global duty free retailing market is expected to witness high growth over the forecast period supported by revival in global travel and tourism industry post pandemic. Asia Pacific region holds the major share currently led by travel hubs like Singapore, Thailand etc and is likely to remain the fastest growing region supported by infra developments, rising incomes and expanding regional travel. Regional analysis focuses on airports/seaports in major economies like China, Japan, South Korea which are witnessing heavy investments in airport expansions and upgradations. Domestic travel is a key driver in Asia Pacific region. Key players operating in the duty free retailing market are Dufry AG, LOTTE Duty Free Company, DFS Group Limited, Gebr. Heinemann SE & Co. KG, The Shilla Duty Free, The King Power International Group, James Richardson Corporation Pty Ltd., Duty Free Americas, Inc., Flemingo International Ltd., Dubai Duty Free, and China Duty Free Group Co., Ltd. These players are focusing on expanding their international footprint, strengthening e-commerce channels and enhancing offerings.

[skdlxmdp]

나이트 에이전트 다시 보기 1화~10화 (시즌1 완결)

나이트 에이전트 다시 보기 1화~10화 (시즌1 완결) 링크<<

나이트 에이전트 다시 보기 1화~10화 (시즌1 완결)

나이트 에이전트 다시 보기 1화~10화 (시즌1 완결)

나이트 에이전트 다시 보기 1화~10화 (시즌1 완결)

나이트 에이전트 다시 보기 1화~10화 (시즌1 완결)

나이트 에이전트 다시 보기 1화~10화 (시즌1 완결)

긴급 통화 라인을 모니터링하는 일을 맡은 FBI 에이전트. 어느 밤 걸려 온 전화 한 통으로 그가 백악관의 첩자와 관련된 치명적인 음모 속으로 뛰어든다.

There are relatively many watch stores, but there are very few official stores that sell jewelry as well. There are fewer stores than Louis Vuitton [5], one of the top three luxury brands, and the entry criteria are strict.[6] Considering Cartier's status나이트 에이전트 다시 보기 1화~10화 (시즌1 완결) in the precious metal industry, it can be said that the entry standard is that high. There are no stores in Jeolla-do and Chungcheong-do yet, and there was a store in Daebaek Plaza in the past. However, the store was withdrawn when the Hyundai Department Store Daegu store opened, and the Hyundai Daegu store withdrew in March 2022. There are 10 department stores nationwide, and Hyundai Department Store Trade Center Branch, Galleria Department Store L나이트 에이전트 다시 보기 1화~10화 (시즌1 완결)uxury Hall, and Shinsegae Department Store Gangnam Branch operate duplex stores, and several department stores also have fairly large stores and good locations. In fact, watch and jewelry stores do not occupy a large scale compared to clothing and miscellaneous goods brands. Nevertheless, assigning a duplex is to see the importance very high. In fact, Cartier and Van Cleef & Arpels are the only brands that operate duplex stores among luxury watch/jewelry brands.[7]

The flagship, Maison Cartier, located in Cheongdam-dong, was the first in Asia when it opened in 2008. Afterwards, it continued to operate, and when Chanel purchased the site and building to open a flagship store (..), it moved to a nearby location [8]. It was relocated in 2016, but it went into construction quite quickly and was renewed and opened.

Duty-free shops are mainly located in Lotte and Shilla duty-free stores. In Cheongdam-dong, Asia's first Cartier Maison was introduced and a flagship store was opened, but after selling the building to Chanel, it was moved to the next b나이트 에이전트 다시 보기 1화~10화 (시즌1 완결)uilding and reopened as Cartier Maison Cheongdam. [10] Louis François Cartier, the founder of Cartier, lived in Paris, France. He was born as the son of a powder copper manufacturer. Having good hand skills from a young age, he started working as a jeweler's apprentice to Adolphe Picard in 1847. At that time, he started working at the jewelry workshop at No. 31 Montgotroy Street, and this was the first start of 나이트 에이전트 다시 보기 1화~10화 (시즌1 완결)Cartier. While working as an apprentice, when his boss, Adolph, died suddenly, his former apprentice took over his mentor's company and changed the name to 'Maison Cartier' after himself.

In France, where Cartier was founded, society became stable after the French Revolution, and luxurious parties and balls were held all over Paris. Jewelry was needed for the decoration나이트 에이전트 다시 보기 1화~10화 (시즌1 완결) of nobles attending luxurious parties, and this social atmosphere served as a good opportunity for Cartier to develop. While developing day by day, Princess Mathilde, who was a cousin of the French emperor, visited Cartier and was fascinated by his works. With the patronage of Princess Mathilde, the business moved to Boulevard Italy, the center of the upper class in Paris at the time.

In 1874, Louis-François Cartier taught his son, Louis-François Alfred, to succeed the generation. In 1898, Alfred started a partnership with his first son, Louis. In 1899, Cartier also opened a business at 13 Rue de la Pais, a luxury street similar to Cheongdam-dong's luxury street, and Louis, the eldest of the three bro나이트 에이전트 다시 보기 1화~10화 (시즌1 완결)thers, was in charge of the Rue de la Pais store. Afterwards, Alfred entrusted the company to his three sons and prepared for a leap into a global company. In 1902, he opened branches in New York and London. The Mott Plant Building on Fifth Avenue in New York, acquired in exchange for a two-stringed black pearl necklace, later became the headquarters of Cartier International. Already at this time, Cartier was recognized as the most famous jewelry brand in the world. It is a famous anecdote that a British prince praised him as "the k나이트 에이전트 다시 보기 1화~10화 (시즌1 완결)ing of jewelers and the king's jeweler." He was also in charge of making the crown to be used at the coronation ceremony. Making a crown was tantamount to being recognized as the best jeweler. In 1904, King Edward VII recognized it as the official jeweler of the British Crown. This kind of fame and recognition extended to the royal courts of Spain, Portugal, Romania, Egypt, the House of Orleans, the Kingdom of Monaco, and the royal family of Albania.

Louis and his three sons traveled all over the world in search of beautiful jewels to maintain the best marketability. The beautiful jewels he discovered while traveling around Russia, Persia, and India soon became Cartier products, and some of the jewelry made at that time remain as Cartier's representative designs even today.

Louis Cartier, who boasted of his extraordinary sense, left behind numerous legacies. The design using platinum, which was rarely used before, revolutionized the jewelry world. Although it started as a jeweler, it is also very famous for making wristw나이트 에이전트 다시 보기 1화~10화 (시즌1 완결)atches. Cartier is also very famous as a watch brand, and is the first brand in the world to create modern wristwatches. .[14][15] Cartier's status in the watch field is quite high in that it has such a symbolism in the watch market where heritage is very important.

It is also very famous as a jewelry brand, and the main price range of watches is between 4 to 5 million won for women's watches and 8 to 10 million won for men. ], it is relatively cheaper than Rolex, which is more than 10 million won, and it is not difficult to obtain products, thanks to this, it is one of the top 3 well-known gift watch brands, and as a result of Morgan Stanley's survey in 2021, it beat Omega and ranked second went up Now, Rolex, Cartier, and Omega, in that order, seem to have benefited from the growth of women's watches.

There are many gem-like models, such as the Tank inspired by tanks, the Santos, which is recognized as the world's first wristwatch, and the Ballon Blue, a men's watch released in the 2000s. They usually engrave Roman numeral indexes on their dials, and are famous for making products of outstanding quality in terms of appearance and finish.

However, the durability of its movement is rather low. Cartier recommends getting its overhaul service once every 5 years, and if you continue to use it without overhaul, in fact (if it is severe), problems often occur approximately every 5-7 years. The overhaul price is a minimum of 500,000 won and an average of 700,000 won (as of 2010), so the maintenance cost is high.

[williamkergroach55]

Chapter 1: Cam Ranh Airport, Nha Trang, Vietnam

I had arrived that very morning from Bangkok, surprised by the modern makeover at Nha Trang Airport. As soon as I landed at Cam Ranh International Airport, I was struck by the terminal’s gleaming modernity. Everything was fluid, bright, and sanitized, much like the rest of Southeast Asia. I had read an article by Le Thi Hong Minh, the general director of Cam Ranh International Terminal, praising the recent upgrades she had overseen. Since the terminal’s inauguration in June 2018, the airport had become one of the most advanced in Vietnam. Tourists flocked to Nha Trang, a new seaside paradise in the Khanh Hoa province. The terminal, with its modern architecture and generous spaces, embodied the new face of a Vietnam resolutely looking towards the future. The marble floors sparkled under soft lighting, and the large windows hinted at escapes to the distant hills and the calm waters of Cam Ranh Bay. Travelers moved through the airport with ease, without rushing, thanks to the 70 check-in counters and the automated baggage tag reading system. Communism no longer hindered the commercial enthusiasm of a Vietnam hungry for modernity. “We’ve invested heavily in this terminal,” Le Thi Hong Minh had said, proud of her work. The four boarding bridges could now accommodate both narrow-body aircraft and larger wide-body jets. Everything had been designed to provide passengers with a smooth and comfortable experience. Beyond the general director, the entire staff seemed proud of their baggage retrieval system, capable of handling large volumes without causing delays. It wasn’t just about comfort; behind this investment lay economic and political stakes. The airport, now the fourth busiest in the country, played a key role in the tourism boom of Nha Trang. The influx of Russian and Chinese visitors was noticeable, demonstrating the strategic importance of this place. The recently opened duty-free shops, especially Korean-owned Lotte Duty Free, were packed with crowds eager to purchase luxury perfumes and cosmetics. Vietnam was rekindling its relationship with capitalism. I still remembered the old airport. It had been nothing more than an outdated transit point, though full of charm. That time was long gone. Today, Nha Trang’s airport rivaled the major regional hubs. Le Thi Hong Minh had spoken about the projects in the works: expanding the infrastructure to accommodate up to eight million passengers by 2030, massive investments in shopping malls, hotel complexes, and marinas that would forever change the face of this once sleepy province. But behind this modern and welcoming façade, I sensed other forces at play. The terminal itself had become a meeting point for Asian businessmen, and likely for intelligence agents. The shadow of tensions in the South China Sea loomed over this tourist paradise. China’s growing ambitions in the Spratly Islands, the region’s increasing militarization, and frequent naval skirmishes fueled a climate of unease that even the high-tech installations of the terminal couldn’t mask. After a comfortable two-hour flight from Bangkok, my neck resting against the overly red plastic seats of Thai AirAsia flight 646 on board an Airbus A320, I once again set foot on Vietnamese soil, fearing that my stay in Nha Trang might not be as relaxed as its sun-drenched beaches suggested. As soon as I stepped off the plane, a stream of Russian and Chinese tourists surrounded me, each retrieving their luggage with ease, thanks to the new facilities. I watched this diverse crowd, whose interests may have extended beyond a mere tourist getaway. Le Thi Hong Minh talked about the airport’s environmental impact, unable to divert my attention from the real stakes playing out in this region. I finally left the terminal, casting one last glance at this modern update for the nostalgic souls of Uncle Minh’s Vietnam.

[sueheaven]

Global Duty Free & Travel Retail Market to Witness Excellent Revenue Growth Owing to Rapid Increase in Demand

A Latest intelligence report published by AMA Research with title "Global Duty Free & Travel Retail Market Outlook to 2027. This detailed report on Duty Free & Travel Retail Market provides a detailed overview of key factors in the Global Duty Free & Travel Retail Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development.

Duty-free and travel retail is a retailing channel offering items to worldwide explorers in an exceptionally controlled retail climate administered by customs remittances, for example, air terminals, ports, ships, voyage ships, and landline shops, and their tasks are represented by public traditions specialists. Items that can be sold duty-free fluctuate by ward and various standards dependent on the job estimations, remittance limitations, and different variables. Air terminals address most of such deals around the world Duty-free and travel retail produces essential incomes for public flight, travel, and the travel industry ventures. Air terminals specifically progressively depend on business incomes to subsidize the improvement of their framework and to assist them with keeping the arrival charges payable via aircrafts as low as could be expected. At air terminals across the world, retail is presently the biggest supporter of non-aeronautical pay.

Major Players in this Report Include are:

Aer Rianta International (Ireland)

China Duty-Free Group (China)

DFS Group (Hong Kong).

The Shilla Duty-Free (South Korea)

Dubai Duty-Free (Dubai)

Dufry (Switzerland)

Lotte Duty-Free (South Korea)

Duty-Free Americas (United States)

Ever Rich Duty-Free (Taiwan)

Gebr. Heinemann (Germany)

Market Drivers: The rising popularity of the travel and tourism industry

The increasing focus on digitalizing the retailing process to maximize profits

The growing demand for retail chains for luxury and premium brands of various products

Market Trend: Increase in the Duty-free and travel retail globally

The rapid penetration of social media and digitalization in duty-free and travel retail shops

Opportunities: Companies are partnering with duty-free stores to launch limited or exclusive products

Opening more duty-free and travel retail shops to increase different growth opportunities

The Global Duty Free & Travel Retail Market segments and Market Data Break Down by Type (Beauty and Personal Care, Eatables, Fashion Accessories and Hard Luxury, Tobacco, Wines and Spirits, Other), Application (Airlines, Airports, Ferries, Seaports, Train Stations, Other), By Product Brand (Local Brand, National Brand, Global Brand)

Geographically World Duty Free & Travel Retail markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Global Duty Free & Travel Retail markets will drive growth in the North American market over the next few years.

Presented By

AMA Research & Media LLP

[blog2k01]

Travel Retail Market Trends, Size, Growth Insight, Share, Competitive Analysis, Regional and global Industry Forecast To 2029

 According to Fortune Business Insights, the global travel retail market size is anticipated to hit USD 96.11 billion by 2029 and exhibit a CAGR of 8.1% during the forecast period. The increasing number of international travelers is likely to drive the market’s growth. Fortune Business InsightsTM has presented this information in its report titled, “Travel Retail Market, 2022-2029”. The market size stood at USD 51.28 billion in 2021 and USD 55.74 billion in 2022.

COVID-19 Impact-

The strict lockdowns imposed during the pandemic have negatively impacted the market growth. The global air travel ban during the severe waves of the pandemic have affected the market’s growth. The growing number of air passengers amidst resuming air travel operations has helped the market retain traction. Nonetheless, the rising air travel and demand for personal protection equipment and products such as gloves, face masks, and sanitizers are expected to create lucrative growth for travel retail in the coming years.

Fortune Business Insights™ lists out all the travel retail market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

Lagardere Travel Retail (Lagardere Group) (France)

DFS Group Ltd. (Hong Kong)

Dufry AG (Basel, Switzerland)

King Power International Group (Thailand)

Aer Rianta International (Ireland)

The Nuance Group AG (Switzerland)

Lotte Duty Free (Lotte Hotel) (South Korea)

Heinemann SE & Co. KG (U.S.)

China Duty Free Group Co. Ltd. (CDFG) (China)

Flemingo (South Korea) 

Drivers & Restraints-

Increasing Number of International Travelers to Boost Market Growth

The growing product demand due to the rising numbers of international and domestic travelers is likely to bolster the travel retail market growth. The improving income levels and increasing expenditure on travel by the millennial population are anticipated to be key factors stimulating the market growth. The data released by World Travel and Tourism Council (WTTC) in November 2021 estimated a 34.9% surge in the French travel & tourism industry in 2021.

The launch of promotional campaigns by key companies to lure customers into buying duty-free commodities is likely to uptick product demand and boost travel retail.

Additionally, the growing trend of sustainable duty-free shopping is likely to be a key trend expanding the market’s growth. The rising adoption of eco-friendly and sustainable practices, including biodegradable packaging, reduction and recycling, and others, by air travel retailers, is predicted to complement the market growth.

However, high prices of products may hinder market growth due to low demand.

Regional Insights-

Asia Pacific to Hold the Lion’s Share

Asia Pacific is projected to gain the largest travel retail market share. The high expenditure on duty-free products by international and domestic travels across countries such as South Korea, India, and China is likely to fuel the growth in Asia Pacific. Furthermore, the growing partnerships between duty-free retailers for business expansion are expected to favor market growth.

Europe is likely to exhibit substantial growth in the coming years. The increasing infrastructural development for travel and tourism is expected to boost the market growth in Europe. Moreover, the strong presence of opulent cosmetics and other major duty-free brands is anticipated to favor the region’s market growth.

The rising consumer expenditure on travel and tourism will foster growth in North America.

The improving income levels of the middle-class populace will support growth in the Middle East & Africa.

Segmentation-

On the basis of product type, the market is fragmented into fashion & accessories, tobacco products, confectionery & fine foods, beverages, cosmetics, and others. On the basis of sector, the market is bifurcated into duty paid and duty-free. On the basis of sales channel, the market is segmented into border downtown hotel shops, seaport & cruise line shops, airport & airline shops, and others. Geographically, the market is classified into South America, North America, the Middle East & Africa, Asia Pacific, and Europe.

Rеаѕоnѕ to Get thіѕ Rероrt:

A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors

Data on market value for each section and sub-segment

Indicates the region and market segment that is likely to expand the fastest and dominate the market.

The consumption of the product/service in each region is highlighted, as are the factors affecting the market within each region.

The competitive landscape includes the top players' market rankings, as well as new service/product launches, collaborations, company expansions, and acquisitions made by the companies profiled in the last few years.

Competitive Landscape-

Key Players Emphasize E-commerce Adoption to Expand Businesses Globally

The major players operating in the market emphasize the adoption of e-commerce to expand their businesses globally. Sales promotional offers, personalized goods retail, and others are some key methods adopted by major players to capture huge customer bases. Recently, in November 2021, Pernod Richard, a beverage company based in France, unveiled its first boutique in China’s Shenzhen Duty-free Group Haikou.

Key Industry Developments-

October 2021: Lagardere Switzerland formed a partnership with Inflyter to introduce fully digital automated solutions at Geneva Airport, Switzerland.

Frequently Asked Questions (FAQs):

1. How much is the travel retail industry worth?

Answer: Fortune Business Insights says that the industry size was USD 55.74 billion in 2022 and is anticipated to reach USD 96.11 billion by 2029.

2. What was the value of the worldwide industry in 2021?

Answer: In 2021, the industry valued at USD 51.28 billion.

3. At what CAGR is the global market projected to grow in the forecast period (2022-2029)?

Answer: At a CAGR of 8.1%, the global travel retail market forecasted to grow from 2022 to 2029.

4. Which is the leading type of product in this market? Answer: The cosmetics segment is a leading product type during the forecast period (2022-2029).

5. What is the crucial factor driving the global market? Answer: The rising number of international travelers is accelerating growth.

6. Who are the key players in the global travel retail sector?

Answer: Lagardere Travel Retail (Lagardere Group), DFS Group Ltd., Dufry AG are leading companies worldwide.

7. Which region held the dominant share in 2021?

Answer: Asia Pacific region to dominate the market in 2021.

8. Which factors drive the adoption of travel & tourism retail-related services?

Answer: Retailers adopting eco-friendly business practices is one of the prominent trends.

Browse Detailed Summary of Research Report:

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