Global Travel Retail Market (by Product Type, Sale Channel, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)

Global Travel Retail Market (by Product Type, Sale Channel, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)


Market Insight:

Travel retail is the retail market place that is mostly located in travel areas such as airports, trains, cruise lines, and so on. Purchases done on the spur of the moment while waiting for flights/trains at touchpoints, usually airports, have recently boosted the global travel retail business. Furthermore, the benefits of travel shopping include easy accessibility, convenience, a better ambiance or mood, and economy, all of which have attracted customers to these shops.

Travel retail is a business that primarily revolves around travel surroundings and requires customers to have proof of travel in order to enter the commercial area, all of which may be subject to taxes and/or tariffs, even if the buyer is departing the country. To entice clients, several stores or companies offer their items duty free. The global travel retail market is likely to reach US$75.93 billion by 2023, progressing at a CAGR of 17.37%, during the forecasted period.

Segment Covered:
  • By Product Type: In terms of product type, the report provides the bifurcation of the travel retail market into seven segments: fragrances & cosmetics, wine & spirits, luxury goods, tobacco, food, confectionary, & catering, electronics, and other. The luxury goods segment is the fastest growing segment during the forecast period, attributable to rise in disposable income, exposure to social media, urbanization, and preference toward investments in personal luxury goods.
  • By Sale Channel: On the basis of sale channel, the global travel retail market has been divided into four segments: airport, border, downtown and hotel shop, railway station, and cruise liner. The airport segment held the maximum share in travel retail market, owing to increase the number of travelers, and technological advancements in airports. expected to grow at the fastest rate.
Geographic Coverage:

According to the report, the global market can be divided into five major regions: Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. The countries covered in North America region are the US, Canada, and Mexico, while Europe includes UK, Germany, France, Spain and Rest of Europe. Moreover, South Korea, China, and Rest of the Asia Pacific are included in the Asia Pacific region.

Asia Pacific accounted for the largest share in the global travel retail market. Due to the booming travel and tourism sector as well as the increasing number of new international routes in Asia Pacific, the region has the largest travel retail market. The duty-free market in South Korea is flourishing owing to the country's position as one of the largest in the world and the rising numbers of Chinese and Japanese visitors.

Top Impacting Factors:

Growth Drivers
  • Dominating Gen Z and Millennial Population
  • Increasing Number of Airports
  • Increased Personal Luxury Goods Consumption
  • Increased Traveling Offers
Challenges
  • Lack of Availability of Space
  • Tedious Air Travel Requirements
Trends
  • Involvement of Artificial Intelligence
  • Digitization Of Travel Retail
  • Growing Trend of Robotics in Travel Retail
  • Technological Advancements
  • Driver: Dominating Gen Z and Millennial Population
Historically, travel has been considered a luxury. But in the eyes of many millennials, travel has become a necessity and even a social currency. They’re also more likely to participate in leisure: extending a business trip into a holiday. They value visiting new places and are re-writing the definition of luxury to focus more on experience and social capital over an upper echelon price point. Furthermore, the generation Z are rapidly taking over and would crave even more unique experiences. They are projected to have similar shopping habits to millennials, but they have higher expectations for the quality of a product and even less patience. These tendencies can be expected to spill over into their travel preferences as well.
  • Challenge: Lack of Availability of Space
Most travel retail stores, counters and pop-ups operate in a restrictive space, making it difficult to balance merchandizing and positive experience. Shops do not have rubber shelves - make the range fit the space or the space fit the range (sometimes this is a necessity, particularly in beauty). Stock sent to stores that never reaches the shelves can end up impacting future strategy. Operators need to dedicate more space to this fast-growing category so it can compete with other premium dark spirited brands and offer the variety consumers are looking for in global travel retail. Many retailers deal with the problem to sell space and the products needed to be personalized would lower the profit margins of the retailers and hence affect the travel retail market.
  • Trend: Technological Advancements
Balancing the right amount of immersive tech in the built environment while using real-time data analytics to create better offerings for customers would pave the way for the future of airport retail. Customers expect to see more engaging, local retail experiences that would provoke to rethink what it means to spend time at the airport. These consumers are, at the least, digitally fluent, educated, socially conscious, and fiscally calculating. They’ve grown up immersed in always-on mobile devices and curated digital environments; using technology to find deals, services, and products is second nature. Travel retailers use data insights such as advance knowledge of where the customer is coming from and heading, to cater to specific needs. Staff and product displays are organized based on arrival passenger language and cultural sensitivities to ensure that the right products are clearly visible to targeted customers.

The COVID-19 Analysis:

Since the COVID-19 pandemic caused a labor scarcity, decreased consumer footfall, a lack of cross-border movement, and a halt to economic activity throughout the world, demand for travel retail products fell, which ultimately had a negative effect on the market's growth worldwide. However, the post-pandemic market is anticipated to gain momentum as more people get vaccinated, there has been an increase in mobility at many travel touchpoints, such as airports and railway stations and even cruise liners.

Analysis of Key Players:

The market for travel retail has typically been fragmented. In order to obtain a competitive edge internationally, well-known key companies today like Dufry AG, Shilla Duty-Free Shop, and others concentrate on analyzing consumer purchase behavior and providing tailored retailing products to the customers. Additionally, they frequently launch sales promotions to draw customers to their products. Further, key players in the travel retail market are:
  • LVMH Moët Hennessy Louis Vuitton (DFS Group),
  • Dufry AG,
  • Hotel Shilla Co., Ltd (The Shilla Duty Free),
  • Lagardère Group,
  • WH Smith PLC,
  • Shinsegae Inc (Shinsegae Duty Free),
  • Lotte Corporation (Lotte Duty Free),
  • Dublin Airport Authority (Aer Rianta International Duty-Free LLC),
  • Duty Free Americas, Inc.,
  • China International Travel Service Corporation Limited (China Duty Free Group),
  • Gebr. Heinemann SE & Co. KG,
  • Harding Brothers Retail Ltd (Flemingo International Limited),
  • Everrich Duty Free Shop
  • Dubai Duty Free,
  • The King Power International Group,
Due to the travel and tourism sector's potential for growth, there is intense competition in the market. To enhance their market share, the most of these companies are using both inorganic and organic growth strategies. To give potential customers a hassle-free purchasing experience, major vendors in the travel retail market, including Dufry AG, Delhi Duty Free, and Dubai Duty Free, have launched their own online stores. To entice more customers, many online retailers provide a variety of promotions, including discounts. Additionally, the internet shops offer other services. For instance, the duty-free store at Delhi Airport now offers a click-and-collect option that enables foreign customers to buy goods online and pick them up from the location on the day of their flight. Further, many beauty companies have been observed collaborating and even gone for partnership with travel retailers, which benefits both the travel retailer as well as the beauty companies to place their premium products at an exclusive store. For example, DFS Group and L’Oréal Travel Retail have announced ambitious plans to accelerate the growth of their beauty business in Hainan and Macau SAR, in 2021.


1. Executive Summary
2. Introduction
2.1 Travel Retail: An Overview
2.1.1 Definition of Travel Retail
2.1.2 Features in Travel Retail
Table 1: Features in Travel Retail
2.2 Travel Retail Segmentation: An Overview
2.2.1 Travel Retail Segmentation
Table 2: Travel Retail Segmentation
3. Global Market Analysis
3.1 Global Travel Retail Market: An Analysis
3.1.1 Global Travel Retail Market: An Overview
3.1.2 Global Travel Retail Market by Value
Table 3: Global Travel Retail Market by Value; 2017-2021 (US$ Billion)
Table 4: Global Travel Retail Market by Value; 2022-2027 (US$ Billion)
3.1.3 Global Travel Retail Market by Product Type (Fragrances & Cosmetics, Wine & Spirits, Luxury Goods, Tobacco, Food, Confectionary, & Catering, Electronics, and Other)
Table 5: Global Travel Retail Market by Product Type; 2021 (Percentage, %)
3.1.4 Global Travel Retail Market by Sale Channel (Airport, Border, Down-Town & Hotel Shop, Railway Station, and Cruise Liner)
Table 6: Global Travel Retail Market by Sale Channel; 2021 (Percentage, %)
3.1.5 Global Travel Retail Market by Region (Asia Pacific, Europe, North America, Middle East & Africa, and Latin America)
Table 7: Global Travel Retail Market by Region; 2021 (Percentage, %)
3.2 Global Travel Retail Market: Product Type Analysis
3.2.1 Global Travel Retail Market by Product Type: An Overview
3.2.2 Global Fragrances & Cosmetics Travel Retail Market by Value
Table 8: Global Fragrances & Cosmetics Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 9: Global Fragrances & Cosmetics Travel Retail Market by Value, 2022-2027 (US$ Billion)
3.2.3 Global Wine & Spirits Travel Retail Market by Value
Table 10: Global Wine & Spirits Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 11: Global Wine & Spirits Travel Retail Market by Value, 2022-2027 (US$ Billion)
3.2.4 Global Luxury Goods Travel Retail Market by Value
Table 12: Global Luxury Goods Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 13: Global Luxury Goods Travel Retail Market by Value, 2022-2027 (US$ Billion)
3.2.5 Global Tobacco Travel Retail Market by Value
Table 14: Global Tobacco Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 15: Global Tobacco Travel Retail Market by Value, 2022-2027 (US$ Billion)
3.2.6 Global Food, Confectionery, & Catering Travel Retail Market by Value
Table 16: Global Food, Confectionery, & Catering Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 17: Global Food, Confectionery, & Catering Travel Retail Market by Value, 2022-2027 (US$ Billion)
3.2.7 Global Electronics Travel Retail Market by Value
Table 18: Global Electronics Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 19: Global Electronics Travel Retail Market by Value, 2022-2027 (US$ Billion)
3.2.8 Global Others Travel Retail Market by Value
Table 20: Global Others Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 21: Global Others Travel Retail Market by Value, 2022-2027 (US$ Billion)
3.3 Global Travel Retail Market: Sale Channel Analysis
3.3.1 Global Travel Retail Market by Sale Channel: An Overview
3.3.2 Global Airport Travel Retail Market by Value
Table 22: Global Airport Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 23: Global Airport Travel Retail Market by Value, 2022-2027 (US$ Billion)
3.3.3 Global Border, Down-Town & Hotel Shop Travel Retail Market by Value
Table 24: Global Border, Down-Town & Hotel Shop Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 25: Global Border, Down-Town & Hotel Shop Travel Retail Market by Value, 2022-2027 (US$ Billion)
3.3.4 Global Railway Station Travel Retail Market by Value
Table 26: Global Railway Station Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 27: Global Railway Station Travel Retail Market by Value, 2022-2027 (US$ Billion)
3.3.5 Global Cruise Liner Travel Retail Market by Value
Table 28: Global Cruise Liner Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 29: Global Cruise Liner Travel Retail Market by Value, 2022-2027 (US$ Billion)
4. Regional Market Analysis
4.1 Asia Pacific Travel Retail Market: An Analysis
4.1.1 Asia Pacific Travel Retail Market: An Overview
4.1.2 Asia Pacific Travel Retail Market by Value
Table 30: Asia Pacific Travel Retail Market by Value; 2017-2021 (US$ Billion)
Table 31: Asia Pacific Travel Retail Market by Value; 2022-2027 (US$ Billion)
4.1.3 Asia Pacific Travel Retail Market by Region (South Korea, China, and Rest of Asia Pacific)
Table 32: Asia Pacific Travel Retail Market by Region; 2021 (Percentage, %)
4.1.4 South Korea Travel Retail Market by Value
Table 33: South Korea Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 34: South Korea Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.1.5 South Korea Travel Retail Market by Sale Channel (Airport, and Others)
Table 35: South Korea Travel Retail Market by Sale Channel; 2021 (Percentage, %)
4.1.6 South Korea Airport Travel Retail Market by Value
Table 36: South Korea Airport Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 37: South Korea Airport Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.1.7 South Korea Others Travel Retail Market by Value
Table 38: South Korea Others Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 39: South Korea Others Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.1.8 China Travel Retail Market by Value
Table 40: China Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 41: China Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.1.9 Rest of Asia Pacific Travel Retail Market by Value
Table 42: Rest of Asia Pacific Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 43: Rest of Asia Pacific Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2 Europe Travel Retail Market: An Analysis
4.2.1 Europe Travel Retail Market: An Overview
4.2.2 Europe Travel Retail Market by Value
Table 44: Europe Travel Retail Market by Value; 2017-2021 (US$ Billion)
Table 45: Europe Travel Retail Market by Value; 2022-2027 (US$ Billion)
4.2.3 Europe Travel Retail Market by Product Type (Fragrances & Cosmetics, Wine & Spirits, Luxury Goods, Tobacco, Food, Confectionary, & Catering, Electronics, and Other)
Table 46: Europe Travel Retail Market by Product Type; 2021 (Percentage, %)
4.2.4 Europe Fragrances & Cosmetics Travel Retail Market by Value
Table 47: Europe Fragrances & Cosmetics Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 48: Europe Fragrances & Cosmetics Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.5 Europe Wine & Spirits Travel Retail Market by Value
Table 49: Europe Wine & Spirits Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 50: Europe Wine & Spirits Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.6 Europe Luxury Goods Travel Retail Market by Value
Table 51: Europe Luxury Goods Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 52: Europe Luxury Goods Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.7 Europe Tobacco Travel Retail Market by Value
Table 53: Europe Tobacco Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 54: Europe Tobacco Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.8 Europe Food, Confectionery, & Catering Travel Retail Market by Value
Table 55: Europe Food, Confectionery, & Catering Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 56: Europe Food, Confectionery, & Catering Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.9 Europe Electronics Travel Retail Market by Value
Table 57: Europe Electronics Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 58: Europe Electronics Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.10 Europe Others Travel Retail Market by Value
Table 59: Europe Others Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 60: Europe Others Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.11 Europe Travel Retail Market by Sale Channel (Airport, Border, Down-Town & Hotel Shop, Railway Station, and Cruise Liner)
Table 61: Europe Travel Retail Market by Sale Channel; 2021 (Percentage, %)
4.2.12 Europe Airport Travel Retail Market by Value
Table 62: Europe Airport Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 63: Europe Airport Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.13 Europe Border, Down-Town & Hotel Shop Travel Retail Market by Value
Table 64: Europe Border, Down-Town & Hotel Shop Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 65: Europe Border, Down-Town & Hotel Shop Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.14 Europe Railway Station Travel Retail Market by Value
Table 66: Europe Railway Station Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 67: Europe Railway Station Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.15 Europe Cruise Liner Travel Retail Market by Value
Table 68: Europe Cruise Liner Travel Retail Market by Value, 2017-2021 (US$ Million)
Table 69: Europe Cruise Liner Travel Retail Market by Value, 2022-2027 (US$ Million)
4.2.16 Europe Travel Retail Market by Region (UK, Germany, France, Spain and Rest of Europe)
Table 70: Europe Travel Retail Market by Region; 2021 (Percentage, %)
4.2.17 UK Travel Retail Market by Value
Table 71: UK Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 72: UK Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.18 Germany Travel Retail Market by Value
Table 73: Germany Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 74: Germany Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.19 France Travel Retail Market by Value
Table 75: France Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 76: France Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.20 Spain Travel Retail Market by Value
Table 77: Spain Travel Retail Market by Value, 2017-2021 (US$ Million)
Table 78: Spain Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.2.21 Rest of Europe Travel Retail Market by Value
Table 79: Rest of Europe Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 80: Rest of Europe Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.3 North America Travel Retail Market: An Analysis
4.3.1 North America Travel Retail Market: An Overview
4.3.2 North America Travel Retail Market by Value
Table 81: North America Travel Retail Market by Value; 2017-2021 (US$ Billion)
Table 82: North America Travel Retail Market by Value; 2022-2027 (US$ Billion)
4.3.3 North America Travel Retail Market by Region (the US, Canada, and Mexico)
Table 83: North America Travel Retail Market by Region; 2021 (Percentage, %)
4.3.4 The US Travel Retail Market by Value
Table 84: The US Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 85: The US Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.3.5 The US Travel Retail Market by Sale Channel (Airport, Border, Down-Town & Hotel Shop, Railway Station, and Cruise Liner)
Table 86: The US Travel Retail Market by Sale Channel; 2021 (Percentage, %)
4.3.6 The US Airport Travel Retail Market by Value
Table 87: The US Airport Travel Retail Market by Value, 2017-2021 (US$ Billion)
Table 88: The US Airport Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.3.7 The US Border, Down-Town & Hotel Shop Travel Retail Market by Value
Table 89: The US Border, Down-Town & Hotel Shop Travel Retail Market by Value, 2017-2021 (US$ Million)
Table 90: The US Border, Down-Town & Hotel Shop Travel Retail Market by Value, 2022-2027 (US$ Billion)
4.3.8 The US Railway Station Travel Retail Market by Value
Table 91: The US Railway Station Travel Retail Market by Value, 2017-2021 (US$ Million)
Table 92: The US Railway Station Travel Retail Market by Value, 2022-2027 (US$ Million)
4.3.9 The US Cruise Liner Travel Retail Market by Value
Table 93: The US Cruise Liner Travel Retail Market by Value, 2017-2021 (US$ Million)
Table 94: The US Cruise Liner Travel Retail Market by Value, 2022-2027 (US$ Million)
4.3.10 Canada Travel Retail Market by Value
Table 95: Canada Travel Retail Market by Value, 2017-2021 (US$ Million)
Table 96: Canada Travel Retail Market by Value, 2022-2027 (US$ Million)
4.3.11 Mexico Travel Retail Market by Value
Table 97: Mexico Travel Retail Market by Value, 2017-2021 (US$ Million)
Table 98: Mexico Travel Retail Market by Value, 2022-2027 (US$ Million)
4.4 Middle East & Africa Travel Retail Market: An Analysis
4.4.1 Middle East & Africa Travel Retail Market: An Overview
4.4.2 Middle East & Africa Travel Retail Market by Value
Table 99: Middle East & Africa Travel Retail Market by Value; 2017-2021 (US$ Billion)
Table 100: Middle East & Africa Travel Retail Market by Value; 2022-2027 (US$ Billion)
4.5 Latin America Travel Retail Market: An Analysis
4.5.1 Latin America Travel Retail Market: An Overview
4.5.2 Latin America Travel Retail Market by Value
Table 101: Latin America Travel Retail Market by Value; 2017-2021 (US$ Billion)
Table 102: Latin America Travel Retail Market by Value; 2022-2027 (US$ Billion)
5. Impact of COVID
5.1 Impact of COVID-19
5.1.1 Impact of COVID-19 on Travel Activities
Table 103: Global Number of Flights Tracked by Flightradar24 per day; 2020–2021 (Thousand)
5.1.2 Impact of COVID-19 on Global Tourist Arrival
Table 104: Global Number of International Tourist Arrivals; 2017-2021 (Million)
Table 105: Hainan Domestic Tourist Arrival; 2019-2020 (Million)
5.1.3 Impact of COVID-19 on Korea Travel Retail Market
5.2 post-COVID-19 Impact on Global Travel Retail Market
6. Market Dynamics
6.1 Growth Driver
6.1.1 Dominating Gen Z and Millennial Population
Table 106: Global Millennial Population; 2018-2021 (Billion)
Table 107: Global GenZ Population; 2018-2021 (Billion)
6.1.2 Rapid Urbanization
Table 108: Global Urban Population; 2017-2021 (Percentage, %)
6.1.3 Increasing Middle Class Populace
Table 109: Global Middle-Class Population; 2020-2030 (Billion)
6.1.4 Increasing Number of Airports
Table 110: The US Number of Public Airports; 2016–2020 (Thousand)
6.1.5 Increased Personal Luxury Goods Consumption
6.1.6 Increased Traveling Offers
6.2 Challenges
6.2.1 Lack of Availability of Space
6.2.2 Tedious Air Travel Requirements
6.3 Market Trends
6.3.1 Involvement of Artificial Intelligence
Table 111: Global Artificial Intelligence (AI) Market Revenues; 2020-2023 (US$ Billion)
6.3.2 Digitization of Travel Retail
Table 112: Global Spending on Digital Transformation (DX); 2021-2026 (US$ Trillion)
6.3.3 Advancement of Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR) Technology
Table 113: Global Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR) Market Revenue; 2021-2028 (US$ Billion)
6.3.4 Growing Trend of Robotics in Travel Retail
Table 114: Global Robot Industry Market Size; 2018-2028 (US$ Billion)
6.3.5 Technological Advancements
Table 115: Technological Advancements
6.3.6 Passenger Control Tower
6.3.7 Personalized Pricing and Assortment Tool
7. Competitive Landscape
7.1 China Travel Retail Market Players: Ownership Comparison
Table 116: China Travel Retail Market Players: Ownership Comparison
7.2 China Travel Retail Market Players: Offshore Duty-Free Store Comparison
Table 117: China Travel Retail Market Players: Offshore Duty-Free Store Comparison; 2020
8. Company Profiles
8.1 Dufry AG
8.1.1 Business Overview
8.1.2 Operating Region
Table 118: Dufry AG Turnover by Region; 2021 (Percentage, %)
8.1.3 Business Strategy
8.2 Hotel Shilla Co., Ltd (The Shilla Duty Free)
8.2.1 Business Overview
8.2.2 Operating Segment
Table 119: Hotel Shilla Co., Ltd Total Sales by Segment; 2021 (Percentage, %)
8.2.3 Business Strategy
8.3 Lagardère Group
8.3.1 Business Overview
8.3.2 Operating Division
Table 120: Lagardère Group Revenue by Division; 2021 (Percentage, %)
8.3.3 Business Strategy
8.4 LVMH Moët Hennessy Louis Vuitton (DFS Group)
8.4.1 Business Overview
8.4.2 Operating Business Group
Table 121: LVMH Moët Hennessy Louis Vuitton Revenue by Business Group; 2021 (Percentage, %)
8.4.3 Business Strategy
8.5 WH Smith PLC
8.5.1 Business Overview
8.5.2 Operating Segment
Table 122: WH Smith PLC Revenue by Segment; 2021 (Percentage, %)
8.5.3 Business Strategy
8.6 Shinsegae Inc (Shinsegae Duty Free)
8.6.1 Business Overview
8.6.2 Operating Segment
Table 123: Shinsegae Inc Sales by Segment; 2021 (Percentage, %)
8.7 Lotte Corporation (Lotte Duty Free)
8.7.1 Business Overview
8.7.2 Business Strategy
8.8 China International Travel Service Corporation Limited (China Duty Free Group)
8.8.1 Business Overview
8.8.2 Business Strategy
8.9 Gebr. Heinemann SE & Co. KG
8.9.1 Business Overview
8.9.2 Business Strategy
8.10 Harding Brothers Retail Ltd (Flemingo International Limited)
8.10.1 Business Overview
8.10.2 Business Strategy
8.11 Dublin Airport Authority (Aer Rianta International Duty Free LLC)
8.11.1 Business Overview
8.11.2 Business Strategy
8.12 Duty Free Americas, Inc.
8.12.1 Business Overview
8.13 Dubai Duty Free
8.13.1 Business Overview
8.14 The King Power International Group
8.14.1 Business Overview
8.15 Everrich Duty Free Shop
8.15.1 Business Overview

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