Travel Retail in Australia - New Market Research Report

From: Fast Market Research, Inc.
Published: Thu Oct 23 2014


Travel retail continued to deliver rapid growth in 2013, with a 6% increase in value. This represents, however, a significant slowdown from the 8% value growth experienced in 2012 and the 11% value growth of 2011. Travel retail remains strong, but is in the process of slowing down in growth as consumers become more accustomed to booking directly with airlines and accommodation providers themselves, a trend that has led to growth in travel retail leisure sales also slowing from 8% value growth in 2012 down to 6% in 2013. Corporate business sales have also slowed, with value growth of 4% in 2013, as the mining boom fades and government travel is cut in an attempt to find fiscal savings.

Full Report Details at
- http://www.fastmr.com/prod/887889_travel_retail_in_australia.aspx?afid=301

Industry Prospects

Travel retail has performed well in recent years, with much of this growth coming from the "empty-nester" demographic who, now that their children have left home, have both the time and funds to engage in outbound travel. This demographic is particularly fond of cruises, package tours and other products that are commonly sold through travel agents, specifically offline "bricks-and-mortar" travel agents. However, the "empty-nester" demographic has reached its peak in Australia, suggesting that growth will be much slower over the forecast period. The strength of offline travel retail, despite the migration to online travel retail, has largely been due to the growth in travel, particularly outbound travel, as a whole. With outbound travel likely to slow over the forecast period, and with the growth in the number of "empty-nesters" slowing, such good fortune will come to an end. Travel retail is hence anticipated to experience a value CAGR of 2% at constant 2013 prices over the forecast period, down from the 8% value CAGR experienced between 2008 and 2013

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Travel Retail industry in Australia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel Retail industry in Australia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Travel Retail in Australia market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Travel Retail in Australia?

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

You may also be interested in these related reports:

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- Travel Retail in Slovakia
- Travel Retail in Norway
- Travel Retail in the Czech Republic
- Travel Retail in the Netherlands

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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