ÌÇÐÄÆƽâ°æ

Avolta, formerly known as the Dufry Group, claimed its position as the world's leading travel retailer in 2024 with a turnover of approximately *** billion euros. China Duty Free Group secured second place with revenues of roughly *** billion euros, while France's Lagardère Travel Retail ranked third with *** billion euros in turnover. South Korean retailers demonstrated considerable market presence, with Lotte Duty Free, The Shilla Duty Free, and Shinsegae Duty Free collectively representing a substantial portion of the global market.

Recovery from pandemic disruptions

The travel retail industry experienced severe disruptions during the coronavirus pandemic, with companies facing dramatic revenue declines as international travel virtually ceased. Avolta's revenues plummeted from 8.85 billion Swiss francs in 2019 to just **** billion in 2020, representing a decline exceeding ** percent. Similarly, The Shilla Duty Free saw its turnover drop from approximately billion euros in 2019 to *** billion euros by 2024, demonstrating the lasting impact of travel restrictions. By 2025, recovery signs emerged as Avolta's revenues rebounded to approximately **** billion Swiss francs, while Lagardère Travel Retail reported revenues exceeding *** billion euros.Ìý