CARIBBEAN DUTY FREE RETAILING MARKET ANALYSIS
Caribbean duty free retailing market is expected to surpass US$ 4,017.0 million by the end of 2028 and exhibit a CAGR of 21.7% during the forecast period (2021 to 2028).
Market Trends
Emerging factors that are expected to have a direct impact on market growth include foreign passengers' preference for popular Caribbean island destinations and ports. Duty Free shops can be found at almost each airport in the Caribbean, while specific island locations and ports are known for a high concentration of Duty Free shops, where visitors can find jewelry, watches, perfume, liquor, and other items at a substantial discount.
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