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Duty Free Industry to see a lot of churn
Ambrosia
|January 2021
There are various challenges facing the travel retail industry in 2020. Some insight into the issues from the travel retail perspective and its impact on the Duty Free Industry
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The Duty-Free Retailing market revenue was 70,512 Million USD in 2019, and will reach 1,12,518 Million USD in 2025, with a CAGR of 8.1% during 2020-2025.
Market reports world has been monitoring the duty-free retailing market, and it is poised to grow by USD 53.5 billion during 2020-2024, progressing at a CAGR of 9% during the forecast period.
The duty-free retailing market size has the potential to grow by USD 53.5 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
But Covid could have an impact on duty-free sales in 2020.
Private airport operators are demanding doubling of duty-free liquor and baggage allowance in the Union Budget.
The memo highlighted that liquor allowance given in India was not on a par with that of neighbouring countries
Ahead of the 2021 Budget session, a group of private airport operators has called for an increase in the limit of the duty-free liquor and baggage allowed for the passengers to carry at domestic airports.
The Association of Private Airport Operators (APAO) has released a memorandum underlining its wish-list for the upcoming budget to grow revenue from airport operations. The association comprises members belonging to PublicPrivate Partnership (PPP) airports at Delhi, Mumbai, Bengaluru, Hyderabad and Cochin that are already operational as well as the upcoming airports in Navi Mumbai and Mopa in Goa.
Esta historia es de la edición January 2021 de Ambrosia.
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