This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
News
TR wine and spirits sales rebound in Q1
Travel retail wine and spirits sales reversed 2015 value losses to grow 4% in the first quarter of 2016, provisional data from Generation Research shows.
Erik Juul-Mortensen gave an optimistic address in Cannes this morning
Wine and spirits was the second strongest category in terms of quarterly year-on-year performance, only exceeded by fragrances and cosmetics (+7.8%). All other categories continued sales declines.
The data was presented by TFWA World Exhibition president (pictured) this morning at the TFWA World Exhibition & Conference in Cannes.
According to the Generation figures, the travel retail and duty free sector as a whole posted modest provisional year-on-year growth of 0.8% in the first quarter of 2016.
In terms of regional performance Asia Pacific continued its dominance, registering Q1 growth of 5%, while Europe returned to growth with a 1.6% values sales increase.
All other regions showed further sales declines.
Travel retail spirits sales sank 4.2% in 2015, data released from the IWSR showed.
A full report from the TFWA WE Opening Conference will be published online shortly.