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  1. More generations, more pressure in beauty and cosmetics market: report
  2. Global superyacht industry turns into $62B economic force with influence beyond tourism: report
  3. Human-led hospitality – critical driver of workplace performance in every sector – being overlooked: report
  4. Personal luxury goods sector to grow ~2.5pc in 2026, down from anticipated 4-5pc: research
  5. Nearly two-thirds of Europeans trying to reduce consumption over financial concerns: report
  6. 3 questions every luxury brand founder must answer before year two
  7. How to redefine retail stores as AI, convenience and shifting spending power shape behavior: report
  8. AI reshaping jobs faster than firms reshaping work: report
  9. Gstaad tops list of most expensive holiday property markets in Europe’s Alpine region
  10. Why luxury brands are monetizing proximity — and risking symbolic dilution in the process
Comment

Retail

Average travel retail spend per passenger in 2022 dropped 29pc: Kearney

October 12, 2023

Twenty-three percent of respondents to the Kearney survey would increase their spend if shops were to enhance the in-store shopping experience. Source: Kearney Twenty-three percent of respondents to the Kearney survey would increase their spend if shops were to enhance the in-store shopping experience. Source: Kearney

 

By Staff reports

Slow recovery from the pandemic and the end of revenge buying has prompted a disconnect between price-centric models and new customer expectations, affecting traveler spending on retail.

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MOST READ
  1. More generations, more pressure in beauty and cosmetics market: report
  2. Global superyacht industry turns into $62B economic force with influence beyond tourism: report
  3. Human-led hospitality – critical driver of workplace performance in every sector – being overlooked: report
  4. Personal luxury goods sector to grow ~2.5pc in 2026, down from anticipated 4-5pc: research
  5. Nearly two-thirds of Europeans trying to reduce consumption over financial concerns: report
  6. 3 questions every luxury brand founder must answer before year two
  7. How to redefine retail stores as AI, convenience and shifting spending power shape behavior: report
  8. AI reshaping jobs faster than firms reshaping work: report
  9. Gstaad tops list of most expensive holiday property markets in Europe’s Alpine region
  10. Why luxury brands are monetizing proximity — and risking symbolic dilution in the process


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