Trbusiness. The travel retail Trbusiness. The magazine for global retail and duty free professionals.
China intl. air traffic forecast to hit 90m in 2025; an 89% recovery on 2019
The gap is closing on the recovery rate of Chinese international departures, but smashing the pre-pandemic level will remain elusive both this year and next, says a m1nd-set forecast. We take a look at how average spend, conversion, footfall and purchase rate in duty free...
Share of millennial duty free shoppers grows most significantly since Covid
Duty free shopper demographics have have shifted considerably since the pandemic with millennials showing the most significant growth, rising from 19% pre-Covid to 29% in 2023 and 2024, according to m1nd-set research. Younger travellers also now represent a much larger share, with their participation doubling from 5% pre-Covid to 10% in 2023 and 2024. Conversely, older travellers have seen a sharp decline, with senior buyers dropping from 28% pre-Covid to just 13% by...
Global pax numbers forecast to reach 4.22 bn in 2025, says m1nd-set report
Global passenger numbers are projected to reach 4.22 billion in 2025, an increase of 8.3% on this year's figures, according to the 2025 Annual...
Over half of Gen Zs prefer eco-conscious products, says m1nd-set
Swiss-based agency m1nd-set has conducted a deep dive into the consumer behaviour of Generation (Gen) Z, with its data showing that over half...
DFWC quarterly KPI monitor reveals latest traffic and shopping trends
International air passenger traffic rose 30% in July-September versus the previous quarter to 608 million, according to the DFWC Q3 Quarterly...
DFWC Q2 2024 KPI Monitor reveals price as a pain point for GTR shoppers
In its second quarterly KPI Monitor of 2024, produced on behalf of the Duty Free World Council by research agency m1nd-set, value and convenience...
Gen Z highest spenders in Latin America & Caribbean travel retail
Gen Zs from Latin America and the Caribbean spend the most in travel retail, compared to other age groups in the region, parting with an average...
TR Consumer Forum 2024 : Peter Mohn delivers opening address in Dubai
Salah Tahlak, Deputy Managing Director, Dubai Duty Free (DDF) took to the stage on day one (3 June) at the 2024 TR Consumer Forum to welcome...
M1nd-set publishes new research into luxury shopping trends in travel retail
New research, published by Swiss-based research agency m1nd-set, has revealed males, younger shoppers, and Asia Pacific consumers...
Alcohol insights: Conversion up, spend down in Q4
Conversion of visitors in the alcohol category in duty free has risen to 54% in Q4 2023, following a post pandemic dip to 38% (in 2021 and 2022),...
Men buy and spend more in travel retail says new research by m1nd-set
Men have a higher conversion rate and spend more when shopping in travel retail, says new research from m1nd-set. The insights, which drill down...
Beauty tops Chinese passenger shopping lists in 2024: m1nd-set
New research from Swiss agency m1nd-set shows that skincare leads the category rankings for planned duty free purchases among the Chinese...
Gen Z consumers ‘lack engagement with duty free shops onboard ferries’
More work is needed to trap footfall and conversion among Gen Z and senior shoppers in the Nordics region visiting duty free shops on ferries,...
m1nd-set: GTR shoppers ‘more self-indulgent’ since pandemic onset
GTR shoppers have become “more self-indulgent” than they were in 2019 as purchasing habits shift, research from Swiss analyst m1nd-set has...
Passengers with children ‘more likely’ to visit and spend in duty free stores
Passengers with children are more likely to visit duty free stores, make purchases and spend more than child-free shoppers, new insights from...
DFWC Q3 KPI Monitor reveals latest travelling shopper preferences
Less than one third of travelling shoppers are seeing information on duty and tax free offers, according to the latest Duty Free World Council (DFWC)...
Hong Kong leads international average passenger spend: m1nd-set
Hong Kong International is the “clear winner” when it comes to average passenger spend among the five largest airports by international...
Asia traffic set for 46% surge in 2024, says m1nd-set
International passenger departures in Asia next year are tipped to reach 97% of their equivalent level in 2019, predicts m1nd-set. All regions...
m1nd-set adds on-demand option for GenZ RedY Consumer Workshop
Due to popular demand, travel retail research agency m1nd-set has added a recorded on-demand version of its Cannes GenZ RedY Consumer Workshop...
Middle East and Africa just 6% short of 2019 intl. air traffic: m1nd-set
International air traffic across the Middle East and Africa (MEA) has seen a “robust” recovery, according to research agency m1nd-set, with...
China intl. air traffic forecast to hit 90m in 2025; an 89% recovery on 2019
The gap is closing on the recovery rate of Chinese international departures, but smashing the pre-pandemic level will remain elusive both this year and next, says a m1nd-set forecast. We take a look at how average spend, conversion, footfall and purchase rate in duty free...
Share of millennial duty free shoppers grows most significantly since Covid
Duty free shopper demographics have have shifted considerably since the pandemic with millennials showing the most significant growth, rising from 19% pre-Covid to 29% in 2023 and 2024, according to m1nd-set research. Younger travellers also now represent a much larger share, with their participation doubling from 5% pre-Covid to 10% in 2023 and 2024. Conversely, older travellers have seen a sharp decline, with senior buyers dropping from 28% pre-Covid to just 13% by...
Global pax numbers forecast to reach 4.22 bn in 2025, says m1nd-set report
Global passenger numbers are projected to reach 4.22 billion in 2025, an increase of 8.3% on this year's figures, according to the 2025 Annual...
Over half of Gen Zs prefer eco-conscious products, says m1nd-set
Swiss-based agency m1nd-set has conducted a deep dive into the consumer behaviour of Generation (Gen) Z, with its data showing that over half...
DFWC quarterly KPI monitor reveals latest traffic and shopping trends
International air passenger traffic rose 30% in July-September versus the previous quarter to 608 million, according to the DFWC Q3 Quarterly...
DFWC Q2 2024 KPI Monitor reveals price as a pain point for GTR shoppers
In its second quarterly KPI Monitor of 2024, produced on behalf of the Duty Free World Council by research agency m1nd-set, value and convenience...
Gen Z highest spenders in Latin America & Caribbean travel retail
Gen Zs from Latin America and the Caribbean spend the most in travel retail, compared to other age groups in the region, parting with an average...
TR Consumer Forum 2024 : Peter Mohn delivers opening address in Dubai
Salah Tahlak, Deputy Managing Director, Dubai Duty Free (DDF) took to the stage on day one (3 June) at the 2024 TR Consumer Forum to welcome...
M1nd-set publishes new research into luxury shopping trends in travel retail
New research, published by Swiss-based research agency m1nd-set, has revealed males, younger shoppers, and Asia Pacific consumers...
Alcohol insights: Conversion up, spend down in Q4
Conversion of visitors in the alcohol category in duty free has risen to 54% in Q4 2023, following a post pandemic dip to 38% (in 2021 and 2022),...
Men buy and spend more in travel retail says new research by m1nd-set
Men have a higher conversion rate and spend more when shopping in travel retail, says new research from m1nd-set. The insights, which drill down...
Beauty tops Chinese passenger shopping lists in 2024: m1nd-set
New research from Swiss agency m1nd-set shows that skincare leads the category rankings for planned duty free purchases among the Chinese...
Gen Z consumers ‘lack engagement with duty free shops onboard ferries’
More work is needed to trap footfall and conversion among Gen Z and senior shoppers in the Nordics region visiting duty free shops on ferries,...
m1nd-set: GTR shoppers ‘more self-indulgent’ since pandemic onset
GTR shoppers have become “more self-indulgent” than they were in 2019 as purchasing habits shift, research from Swiss analyst m1nd-set has...
Passengers with children ‘more likely’ to visit and spend in duty free stores
Passengers with children are more likely to visit duty free stores, make purchases and spend more than child-free shoppers, new insights from...
DFWC Q3 KPI Monitor reveals latest travelling shopper preferences
Less than one third of travelling shoppers are seeing information on duty and tax free offers, according to the latest Duty Free World Council (DFWC)...
Hong Kong leads international average passenger spend: m1nd-set
Hong Kong International is the “clear winner” when it comes to average passenger spend among the five largest airports by international...
Asia traffic set for 46% surge in 2024, says m1nd-set
International passenger departures in Asia next year are tipped to reach 97% of their equivalent level in 2019, predicts m1nd-set. All regions...
m1nd-set adds on-demand option for GenZ RedY Consumer Workshop
Due to popular demand, travel retail research agency m1nd-set has added a recorded on-demand version of its Cannes GenZ RedY Consumer Workshop...
Middle East and Africa just 6% short of 2019 intl. air traffic: m1nd-set
International air traffic across the Middle East and Africa (MEA) has seen a “robust” recovery, according to research agency m1nd-set, with...
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