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Global duty free and travel retail value forecast 2018-2027

This statistic shows the global duty free and travel retail market value from 2018 to 2027. By 2027, the duty free and travel retail market was expected to reach a value of about 155.3 billion U.S. dollars. With around 45 percent of the market, Asia-Pacific held the largest share of travel retail sales in 2018.

Duty free and travel retail - additional information

The global industry of duty free and travel retail is engaged in selling merchandise to international travelers. Sales from duty free shops are tax-free and exempt from excise duties, on the condition that goods are only sold to travelers who will transport them out of the country or an economic zone such as the European Union. While airports account for the bulk of sales worldwide, duty free and travel retail is also accessible at border shops, onboard cruises and ferries in international waters, and onboard aircrafts during international flights. In non-EU Europe, Australasia, the Middle East and Latin America, travelers have the option to purchase duty free goods upon arrival at the airport of destination. This trend has become a key source of revenue for airports. Furthermore, duty free and travel retail generates necessary revenues for travel and tourism industries, as well as the aviation and maritime industries.

Airports accounted for more than half of duty free and travel retail sales worldwide in 2018. Fragrances and cosmetics were the most popular product category accounting for about 37 percent of global duty free and travel retail sales that year.

Duty free and travel retail market value forecast worldwide from 2018 to 2027

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Sources

Release date

August 2020

Region

Worldwide

Survey time period

2020

Supplementary notes

* This Statista estimate is based on the 2018 value and the compound annual growth rate until 2027 of 8.44%, which were provided by the source. An exponential development of the value was assumed.

** Forecast

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Statistics on "Duty free and travel retail industry worldwide"

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