Duty Free Retailing In Europe Market Research Report, Analysis, Opportunities, Forecast, Size, Segmentation, Competitive Analysis : Ken Research

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• Growing Landscape Of The Duty Free Retailing In
  Europe Market Outlook Ken Research
•  

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• According to the report analysis, Duty Free
  Retailing In Europe, 2017-2022 Market Category
  Expenditure And Forecasts, Trends, And Competive
  Landscape suggests that Europe is the second
  largest duty free market, supported by its rich
  heritage and its position as a large tourist
  region. Moreover, its emergence as the most
  preferred tourist region for Chinese travelers
  and UKs exit from the EU drives the duty free
  sales further in the region. The decline in duty
  free sales in Europe during 2012-2017 is largely
  due to the terrorist attacks in the region, which
  deterred tourists from visiting the region. The
  higher growth rate in the European duty free
  market during 2017-2022 will attributed to the
  reviving of tourists visit, growing Chinese
  spending in the region, growing UK duty free
  sales on the back of rising traffic post Brexit,
  and opening of new duty free space in the region.
  

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• Duty free retail is a unique selling channel in
  which exemption is allowed on the national taxes
  and duties on the products which are sold to
  travelers. Most importantly the duty free retail
  shops are opened to cater more and more
  international tourists and travelers and it is
  provide an alternative solution to meet
  passengers demand. Whereas, the duty free retail
  outlets are most found on the sea ports, in the
  international zone of international airports and
  train stations therefore, duty free retail
  outlets are not opened or available on the roads.
  The goods which are to be sold on the duty free
  retail outlets vary by jurisdiction, the process
  of calculating the duty or refunding the duty
  component and how they can be sold or which are
  to be sold. In addition, as the demand for
  tourism is increasing significantly it will drive
  landscape of the duty free retail even more.

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• The products which are available on the duty free
  retail outlets are the clothing, footwear,
  jewelry, watches and accessories, luggage and
  leather goods and others. However, the personal
  care is the largest and fastest-growing market in
  the duty free sales in Europe. Moreover, some EU
  territories charge tax on tobaccos and liquors is
  lower than in other EU countries due to which the
  prices still seem competitive and look like
  duty-free prices. Moreover, the duty-free retail
  market is segmented on the basis of product,
  location and geography. With the establishment of
  new airport terminals and vibrant retail spaces
  as retail contributes substantial share in the
  non-aeronautical income, thus duty free retail
  shops play vital role in modern airport
  terminals. But there is one barrier in the growth
  of this market that is a communication gap
  between the seller and buyer. Additionally, the
  travelers who are wealthier in nature and having
  a little knowledge about the language of the host
  country will always drive the growth of this
  market. Not only has this, smart airport
  initiatives across the globe are also expected to
  aid the growth of duty-free retailing in the
  coming years over the next decades with the
  significant increase in the tourism and
  development in the economic conditions.

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• To know more, click on the link below
• https//www.kenresearch.com/consumer-products-and-
  retail/wholesale-and-retail/duty-free-retailing-eu
  rope/150620-95.html
• Related Reports-
• https//www.kenresearch.com/consumer-products-and-
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• https//www.kenresearch.com/consumer-products-and-
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• Contact UsKen ResearchAnkur Gupta, Head
  Marketing Communicationssales_at_kenresearch.com
• 91-9015378249

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