Airport Retailing - Growth and Opportunities
Posted by Govind TMR on September 20th, 2022
The airport retailing market is anticipated to reach the valuation of US$ 40,592.9 Mn and grow at a CAGR of 12.6% in the forthcoming years from 2022 to 2032. High consumer demands for different luxurious products and rising air traffic are expected to bolster growth opportunities in the airport retailing market.
Airport travel retail is comprised of noticeable market share across the travel retail industry. These retail stores are generally found at airside, arrivals, and departures. Further, the market is likely to grow with the expansion of airport infrastructure in the coming years.
Airport Retailing Market: Key Trends
In recent years, people around the world are inclining toward exotic and unique holiday experiences. Furthermore, rising requirements as well as the interest of global consumers to spend increased money on shopping and increasing upper- and middle-class disposable income and related expenditure are also projected to work as revenue generators in the airport retailing market.
Increasing accessibility of the transport facilities, rising tourism promotion, and changes in lifestyle are some pivotal factors that are likely to propel growth impetuses in the market in the near future.
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About the AuthorGovind TMR
Joined: July 28th, 2022
Articles Posted: 147
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