Global Airport Retailing 2008 - Focus on Emerging Markets
Verdict Research Limited, August 2008, Pages: 169
Introduction
While consumers in many countries are cutting back their retail spending in response to the worsening economic climate, no such restraint is being shown at airport retailers. They continue to benefit from rapid growth in the number of air passengers and consumer enthusiasm for duty free shopping. This is particularly true in emerging markets, especially China, India and the Middle
-Market sizes and forecasts (2002-2012) for airport retailing in Europe, the Americas, Asia-Pacific and Middle East & Africa
-Strategic analysis of the key operators in airport retailing including Aelia, Autogrill, DFS Group, Dubai Duty Free, Dufry and Nuance Group
-Additional market segmentation for duty-free vs. duty-paid retail spending and spending by product group
-Special focus on airport development and retailing opportunities in China, India, the Middle East & Africa
Highlights
Global airport retailing is now a $27.1bn market and the fastest growing channel in global retail aside from the Internet. While mainstream retailing is experiencing a slowdown due to the credit crunch and squeezed disposable incomes caused by the rising cost of living, growth in airport retailing continues unabated
Though global airport retailing will see strong growth across different regions, the greatest opportunities will be in the emerging markets. Driven both by an expanding number of affluent travelers having reasons to fly and a growing culture of consumerism, there is huge scope for airport retailing in these increasingly prosperous nations
The Middle East & Africa has been hugely successful over the past five years. Though a relatively minor market, with an 11.8% global share the Middle East & Africa region has grown rapidly. The Middle East & Africa airport retailing market was worth $3.2bn in 2007 and is set to remain the fastest growing market over the next five years
Reasons to Purchase
-Understand the potential of this rapidly developing retail channel, the issues specific to it and the opportunities available to those that invest
-Identify the emerging markets that offer investors the greatest opportunities so that you can target investments shrewdly
-Use this report's reliable forecasts to quantify the rate of growth in airport retailing and benchmark your expectations against the market
CHAPTER 1 EXECUTIVE SUMMARY
- Key Findings
- Main Conclusions
CHAPTER 2 MARKET ANALYSIS
- Market Definition
- Market Size
- Market Size and Growth by Geographical Region
- Europe Reigns
- Americas Follow but Lose Ground
- Asia-Pacific Third Largest Region and Growing
- Meteoric Growth in Middle East & Africa
- Duty-free and Duty-paid Specialists Sales
- Duty-free by Product Group
CHAPTER 3 KEY ISSUES
- Economic Challenges
- Squeeze on Disposable Income
- Rising Oil Costs Take Toll
- Major Airlines Add Fuel Surcharges
- Impact of Exchange Rates
- Changes in Tax and Regulatory Regimes
- Political Impacts
- Geopolitical Influences
- Fear and Inconvenience of Terrorism
- Environmental Issues
- Offsetting and Counting Carbon
- Pay as You Burn Environmental Legislation
- Passenger Number Growth
- Global Tourism Provides Growth
- Business Travel Adds to Gains in Airport Retail
- Rise of Religious Travel
- Global Spread of Low Cost Carriers
- Larger Capacity Aircraft
- Airline Alliances and Mergers
- Retail Core to Airport Revenue Creation
- Increasing Investment in Retail
- Infrastructure Upgrades Key to Airport Retailing
- Rising Spend Per Head
- New Opportunities in Airport Retailing
- Innovation in Landside Retail
- Airports as Destinations
- Airport Retail Market Conditions
- Impact of Security Controls
- Legislation and Regulation
- Captive and Opportunistic Market
- Affluent Consumer Base
- Lower Volumes at Higher Margins
- Preferential Trading Partnerships
- A Highly Seasonal Business
- A Highly Competitive Environment
- Pros and Cons of Technology
- Airport Retail Management Issues
- Privatisation Becomes More Widespread
- Concession Management Varied
- Short Term Concession Leases a Limiting Factor
- Blessing and Curse of Leisure, Food and Beverages
- Baggage Charges More Common
- Driving Growth in Airport Retail
- Conversion Strategy Crucial
- Location Ever Important
- Increasing Penetration Essential for Success
- Importance of Store Design and Format
- Importance of Marketing and Advertising
- Refining Product Mix is Essential
- Price Points Key
- Localisation
- Business Ethics in Branding
- Branded Areas In-store
- Importance of Right Staff
- Customer Loyalty Crucial to Capture Regulars Spend
CHAPTER 4 KEY PLAYERS
- Evolving Key Players in Airport Retail
- Aelia Group
- Aer Rianta International
- Autogrill
- DFS Group
- Dubai Duty Free
- Dufry Group
- Gebr Heinemann
- Nuance Group
- Additional Players of Note
- Outlook for Key Players
- International Crowd Dominated by Europe
- Greater Consolidation Expected
- North American Shake-up Expected
CHAPTER 5 FORECAST AND OUTLOOK
- Global Market Forecast
- Market Forecast by Geographical Region
- Europe
- Americas
- Asia-Pacific
- Middle East & Africa
- Market Forecast by Duty-free and Duty-paid Sales
- Duty-free Specialists Forecast Sales
- Duty-paid Specialists Forecast Sales
CHAPTER 6 EMERGING MARKETS
- Outlook for Emerging Markets
- Potential for Investment in Emerging Market Hubs
- Economic Backdrop
- Huge Potential in Economic Outlook in China and India
- Population Explosion of Emergent Air Travellers
- Increased Networks Between Middle East, Africa and Asia-Pacific
- Air Travel – Part of the Leapfrog Nature of Emerging Markets
- Consumer Culture and Buying Power in Emerging Markets
- Diverse Scope for Growth in Emerging Market Locations
- Comparing China and India
CHAPTER 7 SPOTLIGHT ON CHINA
- Overview
- Chinese Retail Sales and Growth
- Spend as a Proportion of Wider Regional and Global Markets
- Number of Passengers and Growth
- Passenger Numbers as % of Regional and Global Figures
- Key Issues
- Boom in China’s Domestic Retail Channels to be Mirrored
- Beijing Olympics an Opportunity to Showcase Chinese Airports
- Potential for Strong Sales in Tobacco and Spirits
- Quantity of Space at Beijing Airport
- Emergent Affluent Middle Class
- Limited Infrastructure Restrains Growth
- FDI Requires Joint Ventures
- Consumer Choice and Branding in China
- Growing Travel to China and In China
- Restricted Market
CHAPTER 8 SPOTLIGHT ON INDIA
- Overview
- Indian Retail Sales and Growth
- Spend as a Proportion of Wider Regional and Global Markets
- Number of Passengers and Growth
- Passenger Numbers as % of Regional and Global Figures
- Key Issues
- Significant and Innovative Investment in Indian Airports
- Principal Hubs in Delhi and Mumbai
- New Hyderabad & Bangalore Airports
- Emerging Aviation Industry
- Expansion in Retailing Offer
- Increasing Passenger Numbers
- Rising Prosperity and Consumerism
- Changing Regulatory Frameworks
CHAPTER 9 SPOTLIGHT ON MIDDLE EAST & AFRICA
- Overview
- Key Issues
- Natural Hub Boosted by Aggressive and Savvy Investment
- Regional Diversity
- Economic Growth and Diversification
- Massive Expansion of Routes and Passenger Numbers
- Retail Destination
- Longer Term Opportunities
- Middle East Big Four
- Sales and Growth: UAE, Qatar, Bahrain and Oman (Muscat)
- Spend as % of Wider Regional and Global Markets
- Number of Passengers and Growth
- Passenger Numbers as % of Regional and Global Figures
- United Arab Emirates
- Retail Sales and Growth in the United Arab Emirates
- Spend as a % of Wider Regional and Global Markets
- Number of Passengers and Growth
- Passenger Numbers as % of Regional and Global Figures
- Dubai International Airport
- Abu Dhabi International Airport
- New Ajman International Airport by 2011
- Al Ain – Focus on Cargo
- RAK International Airport Pushes for Market Share
- Qatar
- Overview
- Retail Sales and Growth in Qatar
- Spend as a % of Wider Regional and Global Markets
- Number of Passengers and Growth
- Passenger Numbers as % of Regional and Global Figures
- Bahrain
- Overview
- Retail Sales and Growth in Bahrain
- Spend as % of Wider Regional and Global Markets
- Number of Passengers and Growth
- Passenger Numbers as % of Regional and Global Figures
- Oman
- Muscat Airport
- Retail Sales and Growth in Muscat, Oman
- Spend as % of Wider Regional and Global Markets
- Number of Passengers and Growth
- Passenger Numbers as % of Regional and Global Figures
- Opportunities in Other Middle Eastern Countries
- Saudi Arabia
- Jordan
- Israel
- Opportunities in Africa
- Growing Passenger Numbers in Africa
- Underinvestment in African Airports and Retailing
- Pockets of Growth and Limitations of Instability
- Continent Most Easily Crossed by Air
- Influence of Local Economy and Domestic Retail Channels
- South Africa: Ahead of Pack
- Kenya: Transit Potential
- Egypt: Holiday Destination and Hub
- Ethiopia: Increasingly Connected
- Nigeria: Medium Term Prospect
CHAPTER 10 GLOSSARY
- Financial Statistics – VAT
- Abbreviations
LIST OF TABLES
- Duty-free and duty-paid specialists 2008
- Global airport retailing growth and market size 1997-2007 and forecast to 2012
- Global airport retailing market size by region 2002-2007
- Global airport retailing growth rates by region 2002-2007
- Global airport sales – duty-free and duty-paid 2002-2007
- Duty-free sales split by product group 2002-2007
- Duty-free sales split by product group 2002-2007
- Global passenger numbers 2005-2008
- Growth in global passenger numbers 2006-2008
- Proportion of total passengers by region 2005-2008
- Number of international passengers by Top 20 airports 2007
- Spend per head 2005-2008
- Concession Management Models 2008
- Global airport retailing growth and market size 1997-2007 and forecast to 2012
- Global airport retailing market size by region 1997-2007 and forecast to 2012
- Global airport retailing market growth by region 1997-2007 and forecast to 2012
- Global airport retailing market size by duty-paid/duty-free specialist sales 1997-2007 and forecast to 2012
- Global airport retailing market growth by duty-paid/duty-free specialist sales 1997-2007 and forecast to 2012
- Global duty-free specialists sales by region 1997-2007 and forecast to 2012
- Global duty-free sales by product group 1997, 2002, 2007 and forecast 2012
- Product group sales as a proportion of global duty-free sales 1997, 2002, 2007 and forecast 2012
- Global duty-paid specialists sales by region 1997-2007 and forecast to 2012
- Chinese Airport Retail Sales and Growth, 2002-2007 and forecast to 2012
- Chinese airport retail spend as a proportion of Asia-Pacific and global markets 2002-2007 and forecast to 2012
- Passenger numbers in Chinese airports and growth 2002-2007 and forecast to 2012
- Passengers numbers in China as a proportion of Asia-Pacific and global passenger numbers 2003-2008
- Indian airport retail sales and growth 2002-2007 and forecast to 2012
- Indian airport retail spend as a proportion of Asia-Pacific and global markets 2002-2007 and forecast to 2012
- Passengers numbers in Indian airports and growth 2002-2007 and forecast to 2012
- Passengers numbers in India as a proportion of Asia-Pacific and global passenger numbers 2003-2008
- Middle Eastern airport retail sales and growth: UAE, Qatar, Bahrain and Oman (Muscat) 2002-2007 and forecast to 2012
- Spend as a proportion of Middle Eastern and global markets 2002-2007 and forecast to 2012
- Passengers numbers in the Middle East Big Four and growth 2002-2007 and forecast to 2012
- Passengers numbers in the Middle East Big Four as a proportion of Middle East and global passenger numbers 2003-2008
- UAE airport retail sales and growth 2002-2007 and forecast to 2012
- UAE airport retail spend as a proportion of Middle East and global markets 2002-2007 and forecast to 2012
- Passengers numbers in UAE airports and growth 2002-2007 and forecast to 2012
- Passengers numbers in UAE as a proportion of Middle East and global passenger numbers 2003-2008
- Qatar airport retail sales and growth 2002-2007 and forecast to 2012
- Qatar airport retail spend as a proportion of Middle East and global markets 2002-2007 and forecast to 2012
- Passengers numbers in Qatar airports and growth 2002-2007 and forecast to 2012
- Passengers numbers in Qatar as a proportion of Middle East and global passenger numbers 2003-2008
- Bahrain airport retail sales and growth 2002-2007 and forecast to 2012
- Bahrain airport retail spend as a proportion of Middle East and global markets 2002-2007 and forecast to 2012
- Passengers numbers in Bahrain airports and growth 2002-2007 and forecast to 2012
- Passengers numbers in Bahrain as a proportion of Middle East and global passenger numbers 2003-2008
- Muscat airport retail sales and growth 2002-2007 and forecast to 2012
- Muscat airport retail spend as a proportion of Middle East and global markets 2002-2007 and forecast to 2012
- Passengers numbers in Muscat airport and growth 2002-2007 and forecast to 2012
- Passengers numbers in Muscat as a proportion of Middle East and global passenger numbers 2003-2008
LIST OF FIGURES
- Landside vs airside 2008
- Global airport retailing market size 1997-2007
- Aelia Group
- Aer Rianta International
- Autogrill
- DFS Group
- Dubai Duty Free
- Dufry Group
- Gebr Heinemann
- Nuance Group
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