Retail & Wholesale » Retail Key Figures » Duty Free and Travel Retail Industry | Duty free and travel retail sales worldwide, 2016-2023

Global duty free and travel retail sales 2016-2023

Duty free and travel retail sales worldwide from 2016 to 2023 (Figures expressed in billions of U.S. dollars, unless otherwise specified)

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.

2016 69.5
2017 75.69
2018 82.42
2019 89.76
2020 97.75
2021 106.44
2022 115.95
2023 125.1