Duty Free and Travel Retail Industry - Statistics & Facts

Published by Liam O'Connell, Jul 9, 2018
Duty free and travel retail is a global industry which specializes in selling products to international travelers. Duty free store sales 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. The bulk of this industry’s revenues comes from airports, however, duty free and travel retail is also available at border shops, onboard cruises and ferries in international waters, and onboard aircrafts during international flights. In some areas, such as non-EU Europe, Australasia, the Middle East and Latin America, travelers have the option of purchasing duty free goods upon arrival. This trend has become a fundamental source of income for airports. Moreover, duty free and travel retail generates necessary revenues for the travel, tourism, aviation and maritime industries.

In 2017, global duty free and travel retail sales amounted to approximately 68.6 billion dollars and were expected to reach 125.1 billion dollars by 2023. The Asia-Pacific region accounted for the majority share of travel retail sales in 2017, followed by Europe and the Americas.

Dufry was the leading travel retailer worldwide in 2016. That year, the company operated approximately 2,200 stores throughout the world. Perfumes and cosmetics were the most popular category in travel retail in 2017, followed by wines and spirits, and fashion and accessories. In 2017, the travel sales growth rate in the wines and spirits category was 9.2%.

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Duty free and travel retail industry

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Leading travel retailer Dufry

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