Europe Airport Retailing Market is Worth $22.00 billion by 2020

The report “Europe Airport Retailing Market By Category (Liquor & Tobacco, Perfumes & Cosmetics, Fashion & Accessories, Food & Confectionery), By Type (Direct Retailer, Department Store, Specialty Retailer, Supermarkets), By Airport Size, By Geography - Analysis & Forecast to 2020”, defines and segments the Europe Airport Retailing Market and forecasts the market size, by value and volume.The Europe airport retailing market to grow from $11.22 billion in 2015 to $22.00 billion by 2020.

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Increase in spending on tourism, robust growth in the development of airport infrastructure, and the need to diversify income sources with focus on non-aeronautical revenues have led to the constant growth of European airport retailing market. The airports all across the globe have increased their spending on retailing to safeguard and sustain their profits.The airport retailing business is providing various opportunities to airports and retailers. The concept of increasing revenue through retailing has been successfully breaking the traditional ways of income from the passenger and cargo traffic.

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A few years ago, when the aviation industry was facing a turmoil due to increasing fuel prices and economic recession, the sudden compulsion for alternate revenue streams became a necessity for the airlines and the airports to sustain their presence in the industry. To withstand in this downturn, both airlines and airports started emphasizing on strengthening their business relationships by decreasing air fares and enhancing airport travel retail experiences.The concept of airport retailing has given hopes to the aviation industry to cope with its sluggish growth.

Nowadays, the airports are investing heavily in optimizing revenue per visitor by providing an enhanced retailing experience with various facilities, such as parking, boarding, lodging, catering, and advertising.

Key players in the Europe Airport Retailing Market are -

• Dufry (Switzerland)
• World Duty Free Group (Spain)
• Autogrill (Italy)
• Gebr. Heinemann (Germany)