Portland, OR -- (SBWIRE) -- 11/30/2017 -- Shopping is a subsidiary of travelling, which can be a part of travelling or main objective of travelling. Tourists often look for exciting opportunities of shopping while travelling. In some tourist places, local authorities provide special shopping opportunities to tourists for shopping goods. They provide shopping facilities to travelers at minimum rates and at specific stores. Local arts, crafts, printed materials, souvenirs, clothes, and food items are some of widely purchased goods while travelling. The shopping activity has changed vividly over decades with major importance to the tourists and more than that to the sellers.

As the shopping tourism market gains popularity, various companies and tourism authorities establish their outlets and stores at tourist places, airports, and bus & railway stations to provide tourists special services. Duty free shops are located at various places especially for tourists to provide them certain goods excluded from some local or national taxes and excise duties. World travel retail market is primarily driven by various factors such as increase in medium class population, change in consumer lifestyle, and attractiveness of environment. Unawareness of customers, unorganized local markets, and threat from scams are some restraints that restrict the market growth.

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The travel retail market is segmented on the basis of product, location, and geography. The product segment is classified into beauty, wines & spirits, fashion & accessories, tobacco, watches & jewelry, electronics & gifts, and confectioneries & fine foods. The report also analyses market by location of these stores, which includes airports, ferries & cruises, airlines, and others. Based on geography, the world travel retail market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

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Major companies profiled in the report include DFS Group, Dufry, LS travel retail, Lotte Duty Free, Autogrill Travel Retail & Duty Free, Gebr Heinemann, The Naunace Group, The Shilla Duty Free, Dubai Duty Free, and Ever Rich Group.

TRAVEL RETAIL MARKET SEGMENTATION

By Product

-Wines & Spirits
-Fashion & Accessories
-Tobacco
-Electronics & Gifts
-Confectioneries & Fine Foods

By Retail Hub

-Airports
-Ferries & Cruises
-Airlines
-Others