The travel retail industry has come a long way from the mundane duty free shops and book stores. Perfumes, tobacco, and confectionary shops have also become a dime in a dozen at airports. 50% of an international airport's revenue is generated from travel retail activities. The travel retail sector alone is estimated is expected to reach $60 billion by 2015. The global travel retail sector includes cruise lines, ferries, and ports. However, international airports dominate this sector.
This sector is now home to many glamorous brands like Tommy Hilfiger, Ferragamo, Hermes, and Guess to name a few. The pop-up stores are now turning into ritzy boutiques, and providing world class shopping experiences, to impress customers, and get the sales rolling.
This sector is now home to many glamorous brands like Tommy Hilfiger, Ferragamo, Hermes, and Guess to name a few. The pop-up stores are now turning into ritzy boutiques, and providing world class shopping experiences, to impress customers, and get the sales rolling.