Travel retail sales are poised to exceed $1 billion with five years amid surging growth in fragrances and beauty.
The global travel retail market, valued at $69.5 billion in 2016, is
projected to reach $125.1 billion by 2023, growing at a compound annual
growth rate of 8.9%, according to a report by Allied Market. The largest
segment of the market is perfumes and cosmetics, which enjoys a strong
customer base.. . . more