Page 4 - CiR State of the Nation 2017 Sample Pages
P. 4
What we are seeing...
The travel retail market is going through a period of unprecedented change
Global TR sales have declined by 2.3% (2015) despite strong PAX growth
2015 2015 SALES PAX
State of the Nation 2017
All core categories have suffered decline, with the exception of Beauty
2.7% 0.4% 4.0%
2.3%
$19.5bn
Beauty
31%
$10.2bn $7.9bn
Alcohol Tobacco
16.5% 12.8% 7.9%
2.3%
6.5%
$4.9bn
Forecasts for the Travel Retail market have softened to $109Bn by 2025 – previously $125Bn – Is this achievable based upon current trends?
Confectionery
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