Travel Retail - UK - June 2017

Travel Retail - UK - June 2017

  • Mintel
  • July 2017
  • Travel Services
  • 0 pages

Report Description

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The ongoing investment into some of the UK’s largest travel hubs is changing the face of travel retail and presenting retailers with new opportunities to enter the market. Whilst food remains the primary reason to shop in a travel hub, the ongoing development of the sector will only help to convince consumers that travel hubs can be retail destinations in their own right which could in turn encourage more purchases in other categories. However, a significant challenge remains in pricing as this continues to be a major factor in why people avoid shopping in travel hubs.

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Table of Content

OVERVIEW
What you need to know
Products covered in this Report

EXECUTIVE SUMMARY
The market
UK consumers facing difficult times ahead
Figure 1: Real wages growth – Wages growth vs inflation, April 2014-March 2017
Number of people travelling continues to rise
Figure 2: Holiday review: estimated and forecast overseas and domestic holiday market volumes, 2011-21
Rise in vehicles boosts the number of trips taken by car
Figure 3: Average number of trips taken per person per year, by car/van and surface rail, England, 1995-2015
Ongoing growth in airport passenger numbers
Figure 4: Total passenger numbers at reporting UK airports, 2012-16
The consumer
More people visiting travel hubs
Figure 5: Travel hub visitation, 2016 and 2017
Train stations most frequently visited
Figure 6: Frequency of travel hub visitation, April 2017
Retail purchasing highest in airports
Figure 7: Percentage of consumers shopping in travel hubs, April 2017
Food for the journey primary reason to shop
Figure 8: Reasons for buying in travel hubs, April 2017
Consumers tend to shop out of necessity
Figure 9: Reasons for not buying in travel hubs, April 2017
Chain stores could be key to capture more shoppers
Figure 10: Factors that would encourage consumers to shop in a travel hub, April 2017
Travel hub operators must prioritise cleanliness
Figure 11: Attitudes towards shopping in travel hubs, April 2017
What we think

ISSUES AND INSIGHTS
Airport terminals – Restoring trust in duty-free
The facts
The implications
MSAs – Consumers want value for money
The facts
The implications
Railway stations – A need to better capture travellers
The facts
The implications

THE MARKET – WHAT YOU NEED TO KNOW
Rising inflation and the squeeze on real incomes
UK holiday market growing despite Brexit vote
Car journeys remain key in UK travel sector
Biggest railway stations benefit from high footfall
Growth in airport passengers sustained

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