What Is Travel Retailing?

Travel retailing is the practice of selling goods or services related to travel. This includes hotels, airlines, car rental agencies, cruise lines, tour operators, etc.

Travel retailing has grown significantly over the last decade. In 2017, global travel retail sales reached $1 trillion. The industry employs around 2 million people worldwide.

It is a highly competitive industry. There are several ways to get ahead in the game. Learn more about the basics of travel retailing and how to start a successful career in this field.

What is Duty-Free Travel Retail?

The concept behind duty-free is simple – it allows travelers to buy goods without having to pay import duties. The idea was originally conceived by the British government during World War II to encourage people to spend money at home rather than abroad.  what is travel retailing

Reasons why travel retail is Growing

Travel retailing has become one of the fastest-growing sectors of the travel industry. It includes everything from hotels, car hire companies, airlines, cruise lines, tour operators, and many others. The sector is expected to grow by around 10% per year through 2020.

The travel industry is one of the most lucrative in the world, and it is expected to continue growing at a rapid pace through 2020. This is thanks in part to the growing popularity of tourism, as well as the increasing demand for vacation packages and other travel-related services.

The importance of travel retailing

There are many reasons why travel retailing is important. First, it helps to increase the visibility of destinations and travel products. Second, it provides opportunities for small businesses to get involved in the travel industry. Finally, it can help to create new relationships and partnerships between businesses and consumers.

Making Living Out of it

If you want to make living out of your passion for travel retailing, there are some things that you need to know. To begin with, you will need to have an excellent knowledge of the market. You will also need to be able to understand customer needs and wants. Lastly, you must be able to manage time effectively so that you do not burn yourself out.

In conclusion, travel retailing is an extremely profitable business that will only continue to grow in the future. If you want to make a living out of your passion for traveling, then it could be the perfect career choice for you.

 

 

 

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