Indian airport terminals emerge as hottest retail hubs

With the airports of major metros getting a makeover, they fast are emerging as the hottest retail spaces for brands. In fact, for some labels like Fabindia, their airports stores are the best performing outlets compared to stores at other locations in the cities.

According to estimates by the Centre for Asia-Pacific Aviation (CAPA), duty-free spend at Indian airports is expected to reach 1.6 billion dollars (over Rs 10,000 crores) by 2021, witnessing an eight-fold increase in a decade and the combined spend on duty-free, duty-paid and food & beverage will reach 3.5 billion dollars (over Rs 22,000 crores).