Looks like the Indians of all classes would do anything for a bottle...No wonder the politicians not only look to the bottle to fill the State's coffers but also as an inducement to our folks during election time:
Read this article from Times of India:
In India, booze tops duty-free shops’ sales
Chinmayi Shalya TNN
Mumbai: Liquor is the most favourite item for passengers shopping at duty-free outlets at Indian airports, with the sales being almost four times that of the global average in terms of percentage share.
A report by an aviation analysis and research body says that wines and spirits comprise 63% of the total international duty-free sales at Indian airports. This is in sharp contrast to the international trend where alcohol comprises only 17% of the total duty-free sales.
“Demand for duty-free liquor is strong, because of the availability of premium brands at much lower prices, than in the market,” said Kapil Kaul, CEO, Indian subcontinent and Middle East, Center for Asia Pacific Aviation, which prepared the report.
Delhi airport tops duty-free earnings
Mumbai: Retail has been the key factor in pushing up nonaeronautical or retail revenue at big airports like Mumbai and Delhi, says a recent report by Center for Asia Pacific Aviation (CAPA). While the number of flyers has grown phenomenally, the growth in non-aeronautical revenue (revenue from retail and other facilities) has gone up by 300% in the past five to six years.
Delhi airport makes most revenue from duty free ($72.7 million in 2011) followed by Mumbai ($60.6 million). “Delhi has the luxury of space and with the T3 being operational, retail has become a big part of the airport. Mumbai has space constraints. Once the new terminal at Mumbai opens, the revenue from retail would climb much higher,” said Kapil Kaul, CEO, Indian subcontinent and Middle East, CAPA.
According to CAPA, revenue from duty free went up by 400% in five years in Delhi. In Mumbai, it went up by 542%. “But Mumbai started at a lower base of $9.4 million whereas Delhi already had $14.3 million revenue from duty free retail,” said Kaul. “Both airports will use retail potential better in the next five years,” he said.
The key retail attraction for Indian flyers is duty free liquor. The revenue from retail is pitched to grow by 20-25% every year, with airports expanding their retail area and scope. “While liquor will remain the popular item, passengers are also opening up to other things like fragrances, food and even clothes,” said Kaul. As per the CAPA report, the global duty-free market was 23 billion dollars in 2010. The duty-free sales in India are $215 million, which is less than 1% of the total revenue. “This is because Indian airports started late on retail infrastructure,” said an analyst.
Read this article from Times of India:
In India, booze tops duty-free shops’ sales
Chinmayi Shalya TNN
Mumbai: Liquor is the most favourite item for passengers shopping at duty-free outlets at Indian airports, with the sales being almost four times that of the global average in terms of percentage share.
A report by an aviation analysis and research body says that wines and spirits comprise 63% of the total international duty-free sales at Indian airports. This is in sharp contrast to the international trend where alcohol comprises only 17% of the total duty-free sales.
“Demand for duty-free liquor is strong, because of the availability of premium brands at much lower prices, than in the market,” said Kapil Kaul, CEO, Indian subcontinent and Middle East, Center for Asia Pacific Aviation, which prepared the report.
Delhi airport tops duty-free earnings
Mumbai: Retail has been the key factor in pushing up nonaeronautical or retail revenue at big airports like Mumbai and Delhi, says a recent report by Center for Asia Pacific Aviation (CAPA). While the number of flyers has grown phenomenally, the growth in non-aeronautical revenue (revenue from retail and other facilities) has gone up by 300% in the past five to six years.
Delhi airport makes most revenue from duty free ($72.7 million in 2011) followed by Mumbai ($60.6 million). “Delhi has the luxury of space and with the T3 being operational, retail has become a big part of the airport. Mumbai has space constraints. Once the new terminal at Mumbai opens, the revenue from retail would climb much higher,” said Kapil Kaul, CEO, Indian subcontinent and Middle East, CAPA.
According to CAPA, revenue from duty free went up by 400% in five years in Delhi. In Mumbai, it went up by 542%. “But Mumbai started at a lower base of $9.4 million whereas Delhi already had $14.3 million revenue from duty free retail,” said Kaul. “Both airports will use retail potential better in the next five years,” he said.
The key retail attraction for Indian flyers is duty free liquor. The revenue from retail is pitched to grow by 20-25% every year, with airports expanding their retail area and scope. “While liquor will remain the popular item, passengers are also opening up to other things like fragrances, food and even clothes,” said Kaul. As per the CAPA report, the global duty-free market was 23 billion dollars in 2010. The duty-free sales in India are $215 million, which is less than 1% of the total revenue. “This is because Indian airports started late on retail infrastructure,” said an analyst.
