The global travel retail market is driven by factors such as, the development of the travel and tourism industry, an increase in the demand for luxury goods among travelers, and a rise in the
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The travel retail market is estimated to reach only US$ 33.43 Bn in 2020, registering a year-on-year decline of over 55%. However, with expected relaxations in travel restrictions from the start of 2021, the market can expect a steady increase in retail sales during the forecast period from 2020 to 2028. |