Global duty free and travel retail sales 2016-2023

This statistic shows the global duty free and travel retail dollar sales from 2016 to 2023. By 2023, duty free and retail sales are expected to reach about 125.1 billion U.S. dollars. With around 28 percent of the market, Asia-Pacific held the largest share of travel retail sales in 2016.

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 36 percent of travel retail sales share worldwide in 2016. Fragrances and cosmetics were the most popular product category accounting for about 20 percent of global duty free sales.

Duty free and travel retail sales worldwide from 2016 to 2023

Sales in billion U.S. dollars
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Sources

Release date

January 2018

Region

Worldwide

Survey time period

2017

Supplementary notes

*Estimates from 2017 to 2022 based on a CAGR of 8.9 percent.

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Statistics on "Duty free and travel retail industry worldwide"

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