Duty-Free Retail Market: Trends, Growth, and Future Outlook
The duty-free retail market has seen significant growth over the past few years, driven by increasing international travel, rising disposable incomes, and evolving consumer preferences. This sector, known for offering tax-free goods to travelers, plays a pivotal role in global retail, particularly in airports, cruise ships, border shops, and international terminals. This article will explore the current trends, key drivers, challenges, and future outlook of the duty-free retail market.