Can Luxury Brands Capture the Billion-dollar Opportunities in Travel Retail? | RetailTechPodcast

Can Luxury Brands Capture the Billion-dollar Opportunities in Travel Retail?

The global travel retail market, encompassing airports, 'downtown' stores and cruise ships, is expected to reach $85 billion by 2020, up from approximately $70 billion in 2017, according to Generation Research. As the industry grows, tremendous opportunities are springing up for brands and retailers. The 2018 Trinity Forum, being hosted in Shanghai beginning Oct. 31 by influential travel retail publication the Moodie Davitt Report, will consider some of the pressing issues facing today's travel retail industry players. "Can travel retail marry the very real advantages it has, such as an ever-rising, captive audience, great international and local brands, and sensorial factors such as touch, taste and smell and human interaction?" asks Martin Moodie, founder of the Moodie Davitt Report. China represents the epicenter of 21st-century travel retail. The explosion in Chinese outbound and domestic travel, linked to the strong national spend on premium and luxury brands has driven global travel retail for the past decade. Attendees at Trinty can expect to hear from some movers and shakers in the global duty free and travel retail industry, including Colm McLoughlin, Executive Vice Chairman and CEO of Dubai Duty Free, which operates the biggest single airport duty free operation in the world, and Charles Chen, President of China's travel retail powerhouse, China Duty Free Group. Read more