WHERE RETAIL IS THRIVING- AIRPORTS - Deals in Retail

WHERE RETAIL IS THRIVING: AIRPORTS

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Consider that global travel revenue, which includes duty-free sales at airports, has more than tripledsince 2000, rising to $69 billion in 2017.

Why?

  • The rise of budget and low-cost airlines
  • Two billion travelers flew in 2002; four billion flew in 2017
  • Travelers average 56 minutes of “free time” before their flights 
  • On average, 25 minutes of that time is spent shopping in duty-free stores [I find this hard to believe…how about you?]
  • In the Asia-Pacific region, retails sales have averaged a 14% annual growth since 2002

Those statistics are frankly startling and are prompting big names to invest in their airport presence. (READ MORE)