TRAVEL and RETAIL

We specialise in bringing new and revolutionary products and brands to the world of duty free.


 

SKYlink HAS A GLOBAL REACH,
and we work with all of the major airport operators, airlines, ship and ferry retailers. We love to create a fit for each brand and for each customer.



 

DUTY FREE and TRAVEL RETAIL
is a global industry selling goods to international travellers. Sales in duty free shops are exempt from the payment of certain local or national taxes and excise duties, normally with the requirement that the goods are only sold to travellers who will take them out of the country.

FAIR and TRADE
In case you are on your own exploratory journey around the world, you can find us at these fairs: TFWA Singapore, Cannes. Baselworld, Pitti, Vicenza, Mido,



 

WHAT is DUTY FREE and TRAVEL RETAIL?

The travelling public account for 40 percent of global spending on personal luxury goods, with 13 percent captured by the specialised and globally dispersed travel retail channel.

Airport malls account for almost 60 percent of the travel retail market, but the travel retail channel also includes ferries and cruises, inflight, border shops and downtown duty and tax-free shops.

 

WILL TRAVEL, WILL SPEND

The overall market is growing fast, by an aggregate 8.4 percent a year in the past 10 years. This is several percentage points faster than the broader personal luxury goods market and nearly three times as fast as GDP. If we include spirits, cigarettes and electronics, the travel retail market has doubled in value during the period, to about billion.

Asia-Pacific is the largest and fastest growing region for travel retail where seven of the top eight downtown duty free locations are in Asia. Europe is the second-biggest region but has the lowest growth. The Americas region is growing by 7.1 percent a year. The Middle East and Africa market has a compound annual growth rate of 12.4 percent.

The biggest market is Greater China (Mainland, Hong Kong, Macau, plus Taiwan), at about billion, followed by South Korea ( billion). The third market is USA (.8 billion) followed by big western European countries (UK .7 billion, Germany .9 billion), the UAE (.7 billion) and Turkey (.2 billion).
 

THE MODERN NOMAD

These regional figures also underline the growing importance of emerging-market travellers. They are expected to be one of the main forces behind the forecasted doubling of air traffic in the next 15 years, including sharp increases in domestic air traffic in developing Asia and Latin America. This offers a potentially rich target for travel retail.

The result is a positive double-whammy outlook for travel retail, as emerging market nationalities are also the biggest spenders per passenger. Travel retail should therefore continue to grow faster than the personal luxury goods market.

 

SKYlink GmbH | Neuer Jungfernstieg 15, 20354 Hamburg, Germany | TEL +49 40 349 941 77 | info@skylinkretail.com
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