Duty Free and Travel Retail Industry - Statistics & Facts
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.
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