DUTY FREE SALES
April 1st, 2003
Keith NuthallALTHOUGH air traveller numbers fell last year, with the civil aviation industry still reeling from September 11, the global travel retail market grew by 5.3 per cent to US$20 billion in 2002. This took it back to the 2000 level, from which it had fallen the previous year. Figures released by market analysts the Moodie Report show that last year duty free shop sales of fragrances and cosmetics performed the best, growing by 7.2 per cent. Meanwhile, tobacco sales, which had been declining for years, rose by 6.1 per cent, luxury goods were up 4.5 per ...
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