Over the past few years, India’s growth has brought big changes to many sectors — and the travel retail market is one of them. What used to be basic airport shops are now becoming full retail destinations, bringing in major revenue.
Sameer Mahandru, a well-known expert in the alcohol and beverage (AlcoBev) industry, shares his thoughts on how this market is growing and what’s driving the change.
India’s travel retail sector is growing fast. It's expected to reach USD 2.47 billion by 2025 and jump to USD 6.56 billion by 2030, with a strong annual growth rate of 21.59%. At New Delhi’s Indira Gandhi International Airport, 70% of the total earnings now come from non-flight sources. In fact, food, retail, and duty-free shops alone make up 34% of the total, showing just how important retail has become in airports.
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