Read more: How the travel retail industry has significantly changed over the last 3 years!
The travel retail industry has undergone significant changes over the last three years, largely driven by the COVID-19 pandemic. Some of the key changes include: Decrease in travel demand: The pandemic has significantly decreased travel demand, with many countries implementing travel restrictions and border closures. This has resulted in a sharp decline in the number…
What are the main disadvantages of the sale-on-return model for inflight retail and when can it be beneficial for your brand?Read more: What are the main disadvantages of the sale-on-return model for inflight retail and when can it be beneficial for your brand?
The sale-on-return model for inflight retail involves airlines purchasing goods from suppliers, which can then be sold to passengers during the flight. If the goods are not sold, they are returned to the supplier and the airline does not need to pay for them. While this model may have some advantages, it also has several…
Read more: Is the Global Travel retail innovating enough?
Duty-free retail is a highly competitive market, with many well-established brands dominating the space. However, there are still opportunities for innovative brands to make their mark in this industry. Here are some examples of innovative brands in duty-free retail: Beauty and Skincare: Brands in the beauty and skincare space can differentiate themselves by focusing on…
Read more: Why are cruise holidays becoming so popular lately?
There are several reasons why cruise holidays have become increasingly popular in recent years: Convenience: Cruise holidays offer a convenient way to travel as they allow passengers to visit multiple destinations without the hassle of packing and unpacking, arranging transportation, and finding accommodation. All-inclusive packages: Many cruise holidays are all-inclusive, meaning that passengers can enjoy…
Read more: 7 Key Display requirements in Duty-Free Retail
Duty-free retail display requirements may vary by country and region, but some common ones include: Product labeling: The products should be clearly labeled with their name, price, and origin. Security: Products should be displayed in a secure manner, to prevent theft or tampering. Lighting: Proper lighting is important to highlight the products and make them…
Read more: Benefits of Duty Free Pop-up stores
Duty-free pop-up stores are temporary retail spaces that offer a range of tax and duty-free products, including luxury goods, cosmetics, and alcohol. These stores are typically located in high-traffic areas such as airports and border crossings, offering travelers the opportunity to purchase items without paying local taxes or duties. Benefits of duty-free pop-up stores: Cost…
Travel will turn to wellness, adventure and sustainability ( Top 10 trends for 2023, courtesy LinkedIn news ME)Read more: Travel will turn to wellness, adventure and sustainability ( Top 10 trends for 2023, courtesy LinkedIn news ME)
With Covid-19 restrictions lifted in most parts of the world, people are more excited about traveling in 2023 compared to this year despite the grim economic outlook. And for many, wellness or adventure is on the itinerary amid heightened spending awareness. While many travelers are willing to spend more “lavishly” to make up for lost time due…
Read more: Sustainability in Global Travel Retail
The concept of the 3Ps (Planet, Profit, and People) is not a new concept in marketing terms, however since Covid turned the whole Global Travel Retail upside down, its relevance has massively increased. Smaller brands and vendors operating in the travel retail industry and operating from one location may not realize the impact on their…
Selling in duty-free retail is different than in a flagship store – how to drive innovation in duty-free?Read more: Selling in duty-free retail is different than in a flagship store – how to drive innovation in duty-free?
Selling (luxury) brands in duty-free retail is a different value proposition than in reputed concept stores in a mall or the main shopping street of your nearest city. Research shows that most travelers have money to spend and due to the environment of duty-free, are likely to be in a mindset of spending, just as…
Read more: Global Travel Retail Awards 2022 – Finalists
Good luck to all the finalists! Global Travel Retail Awards 2022: Finalists in FAWJ categories now live