The data displays the global duty free and travel retail dollar sales from 2016 to 2023. By 2023, duty free and retail sales are expected to reach about 125.1 billion USD. With around 28% of the market, Asia-Pacific held the biggest share of travel retail sales in 2016.
Duty free and travel retail - additional information
The global industry of duty free and travel retail is engaged in selling merchandise to international travelers. Sales from duty free shops are tax-free and exempt from excise duties, on the condition that goods are only sold to travelers who will transport them out of the country or an economic zone such as the European Union.
