How beauty is taking flight in the turbulent world of travel retail

Travel retail has been a key driver for cosmetic giants in recent years and as airports report record numbers of passengers, independent experts reveal to Cosmetics Business how you can stand-out

MAC Cosmetics' Destination: Fabulous exclusive travel retail campaign

Travel retail sales are set to reach record highs of US$85bn by 2020, with cosmetics & fragrances sales claiming 45% of the market. Travellers have unprecedented spending power.

For L’Oréal, the category has been a sales success story, as the ‘sixth continent’ revealed a soaring growth of 27.1% to break €2bn. But the space is not just for conglomerates to innovate, it’s also a platform for SMEs to share their message with open-minded travellers.

“What other channel can expose your brand to travellers from South America at the same time as Asia Pacific travellers?,” says Lawrence Scott, Industry Advisor of travel retail & duty free for The NPD Group.

“What other channel knows the exact passenger mix – down to the hour – of who will pass through their store doors?” So, how can your brand takeoff in the sector?


. . .

This is a small extract of the full article which is available ONLY to premium content subscribers. Subscribers sign-in (top right) to read the article.

Or

Subscribe now to premium content on Cosmetics Business

Companies