Switzerland-based travel retail and dining giant Avolta has reclaimed its position as the number one travel retailer in the world, based on turnover in 2023. This announcement comes from the latest market study conducted by The Moodie Davitt Report, a premier source of business intelligence in the travel retail and airport commercial revenue sectors. The annual guide, known for its comprehensive ranking of the world’s top travel retailers, was published earlier this week.
After a significant year of sales growth, Avolta has returned to the top spot, a position it dominated from 2014 until 2019. The company’s resurgence displaces China Duty Free Group, which held the top position for the past three years. Following Avolta, the top five global travel retailers are rounded out by Lagardère Travel Retail, Lotte Duty Free, and DFS Group. These rankings are based on the companies’ duty-free, travel essentials, and specialty retail sales in 2023.
In addition to leading the retail rankings, Avolta has also taken the top spot in the newly compiled travel food and beverage (F&B) ranking by The Moodie Davitt Report. This list highlights the growing importance of travel dining revenues across air, rail, and other channels. SSP Group ranks second, followed by Areas, Lagardère Travel Retail, and Delaware North. Moreover, Avolta dominates the combined list of travel retail and dining sales, a first for this comprehensive report. This achievement underscores the company’s significant influence across both shopping and dining sectors in the travel industry.
The latest study provides a detailed snapshot of the travel market, particularly airports, through the lens of shopping and dining sales. The key factors shaping these rankings include the resurgence of passenger traffic, industry consolidation, and the expansion of concessions and networks by major players in the sector. The Moodie Davitt Report’s annual guide, which has been published since 2011, includes detailed tables ranking the leading travel retail and travel F&B companies worldwide. The report is accompanied by expert commentary on the performance and future prospects of each company.
Avolta is a leading global travel retail and dining group, known for its extensive network of duty-free shops and high-quality dining experiences across airports and other travel hubs worldwide. With a focus on delivering premium services to travelers, Avolta continues to set the standard in the industry.
About The Moodie Davitt Report:
The Moodie Davitt Report is a trusted source of business intelligence in the travel retail and airport commercial revenues sectors. It provides in-depth market analysis, industry rankings, and expert commentary on the latest trends and developments within the global travel retail industry.
