DUTY FREE AMAZON | TRAVEL RETAIL INDUSTRY

AMAZON

Did You Know?

In Greek mythology, an Amazon was a member of a race of women warriors.

One of the famous labors of Heracles (Hercules) was to obtain the sash of the Amazon queen Hippolyta, and the hero Theseus married Hippolyta’s sister.

The Amazon River got its name when, in 1542, the first Europeans to descend the river were attacked by Indian warriors who, even at close range, they believed to be women.

The mystery of these warriors continues to this day. However impressive a figure they cut, though, not every tall and strong woman today would take it as a compliment to be called an amazon 🙂

DUTY FREE WORLD MARKET

Did You Know?

Duty free/travel retail sales worldwide from 2013 to 2025 (in billions of U.S. dollars)

This statistic shows the global duty free and travel retail dollar sales in 2013 and 2014 and provides a forecast until 2025. By 2020, duty free and retail sales are expected to reach about 85 billion U.S. dollars. With around 40 percent of the market, Asia-Pacific held the largest share of travel retail sales in 2015.

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.

In 2014, global duty free and travel retail sales amounted to approximately 63 billion U.S. dollars and were projected to increase to 125 billion U.S. dollars by 2025. Airports accounted for more than 50 percent of travel retail sales share worldwide in 2015. Fragrances and cosmetics were the most popular product category accounting for about one-third of global duty free sales. Tobacco goods were the fourth leading product category, with a 12.7 percent sales share.

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.  In 2015, global duty free and travel retail sales amounted to approximately 62 billion dollars and were expected to reach 85 billion dollars by 2020. The Asia-Pacific region accounted for the majority of travel retail sales in 2015, followed by Europe and the Americas. South Korea, China and the United States topped the list of the leading 25 countries in duty free and travel retail shopping worldwide in 2014.

DutyFreeAmazon.com will be the leading travel retailer worldwide in 2020. That year, the company will access to the largest global duty free and travel retail market. Fragrances and cosmetics will be the most popular category in travel retail in 2020, followed by fashion and accessories.

 

 

 

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