Middle East Airport Retailing Market Is Worth USD 5.65 Billion in 2020

Pune, February 19, 2016 (Newswire.com) - The report “Middle East Airport Retailing Market By Category (Liquor & Tobacco, Perfumes & Cosmetics, Fashion & Accessories, Food & Confectionery), By Type, By Airport Size (Large Airport, Medium Airport & Small Airport), By Geography Analysis & Forecast to 2020”, defines and segments the Middle East Airport Retailing Market and forecasts the market size, by value and volume.The Middle East airport retailing market was valued at USD 4.09 billion in 2015 and it is estimated to be valued at USD 5.65 billion in 2020.

Browse market data Tables and Figures and in-depth TOC on "Middle East Airport Retailing Market"

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Increase in tourism spending; robust growth in airport infrastructure development; and the strong urge to diversify sources of income, with an intense focus on non-aeronautical revenues, have led to the constant growth of airport retailing market in recent years.

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Airports across the globe rely on non-aeronautical businesses, such as travel retail, parking, catering, advertisement, and food & beverage to support infrastructural developments and keep travel charges as low as possible. With travel retail being the largest contributor in generating non-aeronautical business sales, airports have increased their expenditure on retailing activities which include expansion of retail spaces, increasing the number of shops, and technology integration to safeguard and sustain their profits.

The airport retailing business provides various opportunities to airports and retailers. The concept of increasing revenues from retailing has been successfully breaking the traditional ways of generating income from passenger and cargo traffic.The travel retail business at airports is mainly driven by the growth of tourism, retail promotion, and most importantly, affordable prices of products.

Key players in the Middle East Airport Retailing Market are -

• Dubai Duty Free
• Dufry AG
• World Duty Free Group (WDFG)
• DFS Group
• Qatar Duty Free

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