The duty-free retailing market has emerged as a significant and attractive sector in the global retail landscape, catering to travelers' shopping needs and desires. Duty-free shops, found in international airports, seaports, and border crossings, offer a wide array of products ranging from luxury goods and cosmetics to electronics and spirits, all exempt from import duties and taxes. The allure of duty-free shopping lies in the opportunity for travelers ... Read more
Duty free retailing refers to the selling of goods such as tobacco, alcohol, fragrances, and luxury goods to international travelers without the assessment of duties or taxes. Duty Free retailing offers consumers an opportunity to purchase high-end goods at discounted prices. With hectic lifestyles, consumers prefer one-stop shopping and this fuelling the growth of duty free retailing globally.
The global Duty Free Retailing Market is estimated to be valued at US$ 38.95 Bn in 2023 ... Read more
Duty free retailing refers to the sale of goods to travelers that are free of certain local or national taxes and duties. Duty free retail outlets offer variety of goods like perfumes, cosmetics, wines, spirits, tobacco products, luxury items, and fashion accessories. Duty free retailing provides exotic and branded products to travelers at competitive prices. Rising demand for luxury and premium products from international travelers is driving growth of duty free retailing industry. The ... Read more
