PUBLISHER: GlobalData | PRODUCT CODE: 1291735
PUBLISHER: GlobalData | PRODUCT CODE: 1291735
This report provides an overview of the MEA duty-free retailing which includes Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape
MEA duty-free retail recovered in 2022 with the relaxation of COVID-19 restrictions; future growth will be driven by the expansion of retail space
Growth in tourism will positively impact duty-free sales in the region
Duty-Free retailers are focused on enhancing customer experience and improving in-store customer journeys
Dubai Duty Free continues to dominate the region's duty-free market
Food will be among the fastest-growing duty-free categories in the coming years
The Middle East & Africa (MEA) region registered duty-free sales of US$3.2 billion in 2022, a surge of 50.3% over 2021.
The Saudi Arabian Government has announced its Vision 2030, through which the country aims to attract 100 million tourists a year by 2030 among many other objectives, while the UAE has set out ambitions to have capacity for 40 million hotel guests in 2031.
Airport retailers have prioritized a range of activities in their stores to improve customers' in-store experiences, reduce crowding, and speed up the purchasing process, all of which will help drive consumer demand and support recovery.
Dubai Duty Free's annual sales of $1.74 billion in 2022 reflected a strong recovery after two challenging years.
Between 2020 and 2026, the food sales sector is expected to experience a significant CAGR of 23.7%. Dubai Duty Free saw a remarkable increase of 99% in its food and confectionary sales in 2022.