Impact of COVID-19 on the Global Duty-Free Market - Coronavirus (COVID-19) Hot Topic

Impact of COVID-19 on the Global Duty-Free Market - Coronavirus (COVID-19) Hot Topic



This report provides an overview of the Impact of Covid-19 on the global duty free retailing which includes key trends, retailer reactions and post Covid-19 outlook.

The global duty-free market is expected to reach US$90.9 billion in 2023 (0.4% of total retail), growing at a CAGR of 8.7% during 2018-2023.

Scope

- Travel bans and strict quarantine measures will deter non-essential travel, decimating the duty-free industry
- Duty-free sales are not expected to tie back to pre-crisis forecasts for at least five years
- US$19.9bn of spend lost in South Korea and China in 2020 accounts for more than the total decline in Europe and Americas combined, highlighting the channels reliance on a few key markets
- Travel restrictions and low consumer confidence in traveling will have a lasting impact on the global duty-free market
- Authorities in Asia support duty-free operators through this period of weak traffic and demand
- Retailers are devising strategies to stay relevant during the crisis

Reasons to Buy

- Gain a comprehensive view of the Global Duty Free market and forecasts to 2024
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of Covid-19 on the Global Duty Free market.
- Investigate current and forecast trends in Apparel to identify the opportunities offering the most potential
- Understand who the main competitors are in the market and their price positioning
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behaviour

Executive Summary
Impact of COVID-19 on duty-free market and forecast
Headlines and Trends
Retailer reactions
International tourist arrival statistics by country post COVID-19
Upcoming projects: Post COVID-19 pandemic outlook
Contact Us

Data usage and the impact of value-added services on customer satisfaction in the Middle East: consumer survey

Data usage and the impact of value-added services on customer satisfaction in the Middle East: consumer survey market research report available in single user pdf license with Aarkstore Enterprise at USD 1499

USD 1499 View Report

Impact of India on the Pharmaceutical Industry - Thematic Research

Impact of India on the Pharmaceutical Industry - Thematic ResearchIndia has the third largest pharma market in the world by volume, after the US and China, driven by its strong

USD 1950 View Report

Data usage and the impact of value-added services on customer satisfaction in the Middle East: consumer survey

Data usage and the impact of value-added services on customer satisfaction in the Middle East: consumer survey market research report available in single user pdf license with Aarkstore Enterprise at USD 1499

USD 1499 View Report

Impact of India on the Pharmaceutical Industry - Thematic Research

Impact of India on the Pharmaceutical Industry - Thematic ResearchIndia has the third largest pharma market in the world by volume, after the US and China, driven by its strong

USD 1950 View Report

Fill The Form For Sample Request

Note : * Kindly provide us with your company id and get the sample reports at the earliest.

There is no Reviews available