With the number of international tourist arrivals passing the 1 million mark in 2012 and forecast to reach 1.8 billion by 2030, it’s little wonder that many businesses are starting to invest heavily in the Travel Retail channel. The expenditure of international travellers totalled $1159 billion in 2013 and the airport segment of travel retail alone is estimated to reach $100 billion market within the next 10 years. Dubbed the ‘sixth continent’ by Pernod Ricard and L’Oreal (who recently set up a dedicated travel retail division), more and more businesses are recognising the value of the ‘global shop Read full story ›

Source: The Drum