CiR contribute to NTRG Member’s Meeting
1st December 2015
CiR shared insights from the leading 'Industry Insider' series of reports with an audience of members of the Nordic Travel Retail Group in Tallinn in November.
Drawing on findings from the 2015 Nordic and Baltic Ferry Duty & Tax Free Retail Report, Senior Research Manager Mark Gentry shared knowledge on this unique sector at the Member's Meeting.
Recognised as a substantial Travel Retail market in its own right, combined sales opportunities of Duty and Tax Free goods of all ferry operators in the Nordic and Baltic region are reviewed within the report. The challenging trading period faced in the market in 2014-15, driven by footfall and spend declines as a result of the downturn in Russian travel, and new EU fuel regulations are increasing operating costs are also reviewed.
Nordic Travel Retail Group is an industry association that represents the duty-free and travel retail industry in the Nordic countries. Representing companies in Denmark, Sweden, Norway, Finland, Iceland, Estonia, Latvia and Lithuania involved in supplying and retailing goods to travelling consumers in airports and onboard ferries and airlines throughout the Nordic Region, NTRG works proactively to protect, promote and facilitate the Nordic Region’s duty-free and travel retail industry by providing the means to obtain the most favourable trading environment for travel-related commerce. For more information on the group's activities click here.