The Joys of Beauty While Traveling
‘‘ Travel Retail, one of the highest growth channels, covers the world of duty-free environments including airports, airlines, cruises, downtown locations and border shops. More than 1 billion international travelers pass through airports each year, and that number is expected to grow 5% annually, according to industry projections. As a global leader in prestige makeup and skin care in Travel Retail, Estee Lauder as been expanding into new airports, increasing the number of brands, products and services offered to travelers and converting more travelers into buyers.
Travel Retail was created as a Division in 1992 as part of Estee Lauder International. The Travel Retail headquarters are based in New York and there are three Regional Offices servicing Travel Retail Worldwide. One in London covering Europe, Middle East and Africa, another in Singapore covering Asia/Pacific and a Regional office in Miami covering The Americas. Estee Lauder Travel Retail operates in 129 countries, 285 airports and serving over 316 Million departing airline passengers. The market has almost doubled since 2005.