The travel retail business caters to the traveling consumer and includes retail at airports, highways, railway stations, metro stations and ports.
Majority of this business is contributed by duty-free outlets at airports and sea ports.
Travel retail recently got impetus through the new airport terminals in Delhi, Mumbai, Hyderabad and Bangalore.
Consumer behaviour changes while in travel mode. They are generally high on stress, but the propensity to spend also increases as this acts as a stress reliever.
Travel retail activity is likely to pick up on the highways. These will be in the form of wayside amenity areas having recreation, food and retail.
Renowned Indian and international brands can participate in a big way if regulations around infrastructure are made friendly.
