Market Research Report
Duty Free Retailing in Europe, 2017-2022: Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape
|Published by||GlobalData||Product code||657633|
|Published||Content info||94 Pages
|Duty Free Retailing in Europe, 2017-2022: Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape|
|Published: June 25, 2018||Content info: 94 Pages||
The "Duty Free Retailing in Europe, 2017-2022", report published by GlobalData, provides analysis of current and forecast market data for duty retail sales across Europe.
Europe is the second largest duty free market, supported by its rich heritage and its position as a large tourist region. Moreover, its emergence as the most preferred tourist region for Chinese travelers and the UK's exit from the EU drives duty free sales further in the region. The decline in duty free sales in Europe during 2012-2017 is largely due to the terrorist attacks in the region, which deterred tourists from visiting the region. The higher growth rate in the European duty free market during 2017-2022 can be attributed to the reviving tourist visits, growing Chinese spending in the region, growing UK duty free sales on the back of rising traffic post Brexit, and the opening of new duty free space in the region.
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