Asia leading highest growth in travel retail

By C'EST DU LUXE

Let's take a look at the numbers: Travel retail is projected to be an $85 billion industry come 2020 (Coresight Research). In 2016, approximately six percent of all luxury shopping took place in airports, with Asia leading the highest growth. With airports receiving a cut of duty-free revenue, terminals have a vested interest in the growth and development of their services and shopping offerings.