“The
Report Global Airport Retailing 2016-2021 provides information on
pricing, market analysis, shares, forecast, and company profiles for
key industry participants. - MarketResearchReports.biz”
“Global
Airport Retailing
2016-2021,” is the latest research report added in the vast
database of MarketResearchReport.biz that sheds light on the global
airport retailing industry. In covers airport travel retail sales at
both air side and land side, number of air-travelers by year and
region, and growth in overall spending of air-travelers at the
airports. The report also talks about the market drivers, restraints,
trends, and future opportunities that might come up in the market.
The publication also offers vital information about the overview,
future outlook, and market scope. It speaks about the competitive
landscape and dynamic of the market and aims to give out critical
market intelligence to help players in the market to make informed
decision about their investments.
The
global airport retailing market is expected to grow at a healthy CAGR
of 5% during the aforementioned forecast period of 2016 to 2021. The
growth is primarily driven by surge in the global passenger travel,
especially in the countries of Asia Pacific. The region is expected
to continue its significant contribution to passenger traffic, aided
by the low-cost aircraft carrier expansions, visa-on-arrivals, rising
purchasing power, and ideal exchange rates. The Europe airport
retailing market grew by 5.2% in the year 2016 because of rising
interest in footfall. This regional market is expected to show
tremendous growth in the global airport retailing market because of
rapid growth in tourism industry, economical air fares, and rising
investments in airport, which will lead to more retail spaces. The
growth of the global airport retailing market is also driven by
relaxation in visa rules for travelers from Asia Pacific, increase of
beauty and other cosmetic products in duty free market, and easy
methods of payment for China-based travelers, who are among the
biggest spenders on items of luxury.
Get Sample Copy Of This
Report @
However,
social and political unrest in the European countries such as
Belgium, France, Germany, Greece, and Turkey have greatly affected
the passenger traffic and thus impacted negatively on the growth of
the global airport retailing market. To counter these challenges,
efforts are being taken. For instance, several governments are
changing their policies to attract more customers as high import
taxes on luxury item means buying them offshore more desirable.
Recently, UK government announced that a letter of employment or a
letter of invitation can be used for supporting a visa application.
The U.S. government has also increased its visa validity to 10 years,
while the government of France has introduced a 48-hour fast track
process for visa application.
View Press Release @
https://www.marketresearchreports.biz/pressrelease/5541/increased-tourism-and-changing-government-polices-to-propel-growth-of-global-airport-retailing-market
The
report also mentions different market activities of the major players
in the industry such as mergers and acquisitions, collaborations and
partnerships, and new product developments that have helped in
raising their market share. Some of the prominent player in the
global airport retailing market are Dufry AG of Switzerland, Dubai
Duty Free of UAE, Legardere Travel Retail of France, and DFS Group of
Hong Kong.
About us
MarketResearchReports.biz
is the most comprehensive
collection of market research reports. MarketResearchReports.Biz
services are specially designed to save time and money for our
clients. We are a one stop solution for all your research needs, our
main offerings are syndicated research reports, custom research,
subscription access and consulting services. We serve all sizes and
types of companies spanning across various industries.
Contact
Mr.
Nachiket
State
Tower
90
Sate Street, Suite 700
Albany,
NY 12207
Tel:
+1-518-621-2074
No comments:
Post a Comment