Following the inaugural APTRA India Conference on 19-21 March, TRBusiness delves into India’s vibrant travel retail landscape to understand the current state of play and pinpoint emerging trends.
With premiumisation taking hold and passengers seeking new, exciting travel experiences before they leave the airport, opportunities abound to maximise spending opportunities in travel retail.
India has been named the world’s fifth largest economy by the International Monetary Fund (IMF) in 2024, as measured by GDP, behind the US and China, Germany and Japan and the nation is also on track to become the world’s third largest aviation market by 2026.
With a predicted 6% annual rise in GDP through 2028, a spike in consumer demand for luxury goods, and new figures from credit rating agency ICRA showing domestic passenger…