Featured in Bernstein report on Global Luxury Goods Travel Retail, RE-Analytics alternative dataset on luxury goods stores by brand and location allows imapct analysis in the sector due to covid-19 pandemic.
A significant portion of luxury goods purchases are made by people travelling (40% on average). Prior the pandemic, air traffic volumes and travel retail have continued to grow faster than GDP. Chinese nationals – and emerging markets consumers – were fueling a tourist and international travel boom and airports have been transforming into shopping malls to accommodate them.
COVID-19 pandemic hit hard the travel retail sector, and not all brands were hit the same. Ferragamo (SFER:IM), Hermes (RMS:FP) and Bottega Veneta (KER:FP) lead the ranking of top exposed brands to travel retail. For more information, contact us for the Boutique Database dataset.