Travel Retail Channel Poised for Steady and Strong Growth
The Travel Retail channel is set for robust expansion, with an expected CAGR of 8% over the next decade, driven by the growing demand for premium goods, especially in airports and travel hubs.
Global Travel Retail: A Strong Recovery, But Full Rebound Still Ahead
As we move into 2024, the global travel retail industry is demonstrating a robust recovery from the pandemic's challenges. The pace of this recovery varies across regions, and 2023-2024 data reflects these differences, with some markets rebounding faster than others.
Beauty and Wellness is the undisputed Leader in the Travel Retail industry!
This category’s significance is even more pronounced for retailers with a strong presence in the Asia-Pacific region, where demand for premium beauty products —particularly skincare and luxury cosmetics — is (or at least has been so far!) remarkably high!