Travel retail industry

The travel retail industry encompasses the sale of goods to travelers in airports, airports lounges, cruise ships, and border shops. It includes high-end brands like cosmetics, fashion, electronics, and luxury accessories, which are often purchased duty-free—meaning tax-free—making them more attractive to travelers. This industry capitalizes on the opportunity to target travelers during their journeys, offering convenience and exclusive products. It’s a significant segment of the global retail market, driven by increasing international travel and the desire for luxury, convenience, and unique shopping experiences in transit environments.