As Chinese Tourism Booms, Travel Retail Soars

CANNES, France — Despite global geopolitical turmoil stoked by protests in Hong Kong, the uncertainty around Brexit, trade wars and currency fluctuations, the travel-retail industry remains on a high growth trajectory, driven by beauty sales and the Chinese consumer.

Overall, the channel clocked 12.9 percent gains in 2018 to $79 billion, of which $31 billion was rung up by beauty products — by far the largest category — that registered a 23 percent sales rise versus 2017, according to Generation Research.

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