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Wine and spirits hit $11.3 billion in travel retail

Generation Research data revealed that sales of wines and spirits in duty free and travel retail amounted to $11.3 billion, an increase of 8.5 percent in 2017. TFWA World Exhibition & Conference provided the platform to further state that duty free and travel retail sales increased by 9.5 percent amounting to $69.3 billion. Asia Pacific has been a major driver to this growth hitting sales to up to $30 billion, an increase of 12.6 percent compared to 2016.

Source: thespiritsbusiness.com, October 2018