Indian Airport Retail Booming

The worldwide slowdown in economy may have shaken the confidence and optimism of many organised retail companies across the globe, but airport retailing including the duty free sales is predicted to continue booming with retail spending at Indian airports expected to grow from $127m in 2007 to $318m in 2012.
The good news for overseas wine producers is that when airport arrivals and departures start understanding the potential of selling premium wines at these duty free outlets, it would help expand their market; there is plenty of pent up demand with travellers waiting to be wooed with product quality, storage, pricing and display which is sorely lacking at the moment.
According to the latest report from Verdict Research, a Data monitor company, retail sales at airports will grow by 11% in 2008 to $30billion, making it the fastest growing channel of retail after the Internet. Indeed sales through these channels will continue to grow strongly over the next five years. The impact will be stronger in the emerging markets, driven by the rapid increase in air travel and major investment in new airports and retail facilities.
Increasing passenger numbers are a key driver with the strong growth witnessed over the last five years set to continue, particularly in emerging markets according to Verdict.
21/08/08 Indian Wine Academy

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Categories: Airports Aug 2008