Optimism is high for the travel-retail accessories sector, as major players report a stronger-than-expected end to 2021 and a dynamic start to 2022.
And brands like travel retailers seem to be making up for lost time, with new openings and brand listings.
Lagardère Travel Retail, for example, just opened two new outlets serving the sector at Melbourne Airport – a Lego concept store and a Tech2Go. Lagardère expects the Lego store to be popular not only with children traveling with their parents during school holidays, but also with enthusiasts year-round, especially those visiting the licensed sets.
Meanwhile, Tech2Go offers new high-end tech ranges from brands such as Sennheiser and Bose, as well as a range of travel essentials including charging cables, headphones and accessories. Lagardère said the new store opening is “an upgrade to the new, next-generation Tech2Go concept with more stores planned in the coming months.”
This growing appetite for products is exemplified by brands that have seen strong sales so far this year. Said Hoj Parmar, CEO of Nuwave Channel Partnerswhich opened its doors in the airport retail sector at the end of last year: “For us, the start of 2022 has been very positive. Travel bookings among our largest airline customers appear to be very strong, which has translated into a strong sales pipeline. for Q2 and Q3 so far…”