January 31st, 2012

Airport Retail Business Tops $1 Billion Revenue

posted in: airport retail, news

Mumbai – Airport retail business in India topped $1 billion in revenue during 2011, on the back of robust growth in passenger traffic and more people shopping on the go, according to a boutique retail consultancy. The business is growing at 17-18 % annually, emerging as a viable platform for retailers and operators of the new airports, according to Bangalore-based consulting firm Asipac Projects.

Beauty, personal care, alcohol and tobacco emerged as the top three categories in the dutyfree section, while food & beverage , books, periodicals and stationery took the top spot within the duty-paid segment. Globally, airports registered approximately $43 billion in sales, with the likes of London Heathrow and Seoul’s Incheon being the most lucrative ones.

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