The Booming Bazaar A Look at the Future of Indian Travel Retail
Spiritz
MAY 15, 2024
The global travel retail market size is estimated to reach a staggering 108 billion USD by 2029, reflecting a compound annual growth rate (CAGR) of 8.1 This phenomenal growth is largely attributed to the growing middle class and government policies promoting domestic tourism and duty-free shopping in locations such as Hainan Island.
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