Why Your Airport May No Longer Resemble a Luxury Mall
Even after air passengers return in big numbers, expensive brands have fewer reasons to rush back to travel hubs
Passengers walk along a duty-free shopping area at Incheon International Airport in Incheon, South Korea. Bloomberg
The airport luxury boutique became a staple of the pre-pandemic travel boom. Now it may be heading for the departure gate.
In 2021, air passenger numbers globally totaled 4.6 billion, only half the 2019 level, according to data from the Airports Council International (ACL).
Airlines aren’t the only ones feeling the pain. Switzerland-based Dufry, one of the world’s biggest duty-free businesses, said in its latest quarterly results that sales are still down 44% compared with…
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