Shweta Jadhav’s Post

There are indicators that global travel retail has put the traumatic Covid years firmly behind it, the channel buoyed by last year’s rebound in international travel in Asia. The truth, however, is rather more nuanced. #alcohol #spirits #wine #travelretail #globaltravelretail #GTR Read more: https://lnkd.in/eScAvYtj (Words by Joe Bates)

𝐄𝐮𝐫𝐨𝐩𝐞 𝐂𝐡𝐚𝐦𝐩𝐚𝐠𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐 The Europe champagne market size is projected to exhibit a growth rate (CAGR) of 3.8% during 2024-2032. The rising consumption of premium sparkling wines on special occasions, burgeoning tourism sector, and the expansion of hotels, restaurants, bars, and pubs represent some of the key factors driving the market. 𝐆𝐫𝐚𝐛 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/gJM8JPXv 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: ● 𝐂𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐂𝐚𝐜𝐡𝐞𝐭 & 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐈𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞: Champagne's deep cultural roots in Europe, especially France, fuel its prestige and celebratory association. This drives steady demand, but economic prosperity further bolsters sales as consumers splurge on luxury experiences. ● 𝐓𝐨𝐮𝐫𝐢𝐬𝐦 & 𝐇𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐢𝐭𝐲 𝐁𝐨𝐨𝐬𝐭: Tourism in Champagne's production areas thrives, with wine tours and tastings directly increasing sales. Hotels and restaurants prominently feature Champagne, catering to tourists and locals seeking an authentic experience. ● 𝐒𝐭𝐫𝐢𝐜𝐭 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 & 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐓𝐫𝐮𝐬𝐭: Strict AOC regulations ensure only genuine Champagne from the Champagne region can bear the name. This protects the brand's integrity and consumer trust, preventing misleading imitations. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/grMivzw7 #europechampagnemarket #marketresearch #business #marketanalysis #markettrends #researchreport #marketreport #marketforecast #marketgrowth #businessinsights #industryanalysis #marketoutlook #growthprojections #marketstatistics #competitiveanalysis #trendanalysis #marketinsights #imarcgroup

Whither wine tourism (and all its elements) in 2024? Back in 2020 when Covid was raging and closing all types of businesses, there was a frightening banner headline in the Healdsburg Tribune (about which I posted here), predicting: “The Collapse of the Wine Tourism Economy.” After the reopening year of 2021, we bounced back with a blockbuster 2022. Last year was not so good, depending on the sector or individual experience (wine clubs etc.), but it could be said, depending on the metric, to be down 25% to 40%, part of that a continuation of a decline in winery visitations for the second year in a row as well as for the industry at large a continuing leveling off and downtrend in wine consumption. There was speculation about roaring travels to Europe. Hey, I was in France and Italy myself for a month. This year my experience and contacts with wineries and tour operators, so far is showing a slow start, actual as well as forward bookings. More European travel? This morning I was at The Prisoner Wine Company with my private party of three (from TX), when two CWT buses pulled up, with 56 people in each bus. The over 100 passengers were owners and franchisees of Outback Steakhouse. A good sign, or troubling for a pick up in visitor traffic for 2024 and the future style of wine tourism in the premier wine country of Napa and Sonoma?

Dear Tour Operator! 🍷 You who send hundreds of thousands of guests to Italy throughout the year, excited to discover our squares, art, and food, have you ever stopped to ask: Which wineries are most suitable for my clients to visit with tasting? 🤔 Along with evaluating price, you ask yourself this question when choosing the hotels where your clients will stay: Why isn't this research also deepened towards wine producers? Mind you, we are not criticizing the goodness of the product or the reputation of an individual company, but I don't understand how it is possible to be so superficial in dealing with a subject that is "on everyone's lips" but then end up choosing mediocre spaces, sometimes even without any winery and only a few barrels to refresh the memory. On the other hand, they present so many references that even an Horeca buyer needs clarification. It's time to reconsider the notion that 'customers don't know anyway,' particularly for high-end clients. 📈 Many of them have extensive travel experience and a keen understanding of wine. Even if wine isn't the primary focus of their trip, they can appreciate and evaluate the products, the range, the presentation, and the company as a whole. By acknowledging and catering to their knowledge and preferences, you can provide a more tailored and satisfying experience. 🍾 While it is true that we need to move away from commodity wine, this also applies to the tourist. We try to understand who our guests are because the more we respect them, the more they will trust us for a magnificent new "experience."  Cheers! 🥂 ENIT S.p.A. Unione Italiana Vini #tourism #visititaly #foodandwine #madeinitaly #drinkitalian #exploreitalybytheglass #italianwineries #pdowines #euwines #italianhospitality #thewinewalk #winediscovery #wineexploration #welcome #enotria

Melita Kiely provides an insightful analysis in The Spirits Business on the rising prominence of premium tequila in global travel retail (GTR). While tequila has already secured its position as the top-selling spirit in domestic markets like the United States, its market share in GTR still holds significant growth potential. The future looks promising. Tequila is the only spirit category in GTR to have fully rebounded to pre-pandemic levels, with an impressive 95% growth in 2022. This surge is driven by the premiumization of the category, which is attracting high-end drinkers and luxury shoppers, alongside strategic investments by brands in key international airport hubs. For investors, this is a positive indicator, as these factors are poised to further accelerate tequila's expansion in the GTR sector and boost its overall demand.

#statistics 🇵🇹 Portugal has been recognized as the best destination for wine lovers! According to a new study by Bounce, Portugal ranked first among the top countries for wine tourism. The country scored 8.66 out of 10 thanks to its 598 wineries, high wine quality ratings, and tasting costs. The average price of a bottle of wine in Portugal is 32% lower than the average in other countries on the list. Portugal also stands out for the number of wine tours — 5.5 tours are offered per 100,000 people. Wine regions such as Douro and Alentejo remain popular destinations for tourists looking to explore the diversity of local wine varieties. https://lnkd.in/dExTe9wv

Interesting article

When it comes to wine tourism, not all destinations are created equal. That is, according to Bounce’s Wine Lover’s Index 2023. Based on five indicators – wine consumption in the country, wine production in the country, vineyard area (as a percent of the country), number of tours and tastings, and average cost of a bottle – the index ranks the best destinations for wine and wine tourism. As the following chart shows, in 2023, Portugal topped the list as the world’s best location for wine tourism with a score of 8.83/10. In second place is Moldova, and while this may seem surprising, the small Eastern European country has a long history of winemaking. In fact, its total vineyard area represents almost 2 percent of the world’s total. In third and fourth place came Italy and Spain, respectively, followed by Georgia and France. Of the top ten countries, only two are not in Europe, New Zealand (8th) and Chile (10th).

When it comes to wine tourism, not all destinations are created equal. That is, according to Bounce’s Wine Lover’s Index 2023. Based on five indicators – wine consumption in the country, wine production in the country, vineyard area (as a percent of the country), number of tours and tastings, and average cost of a bottle – the index ranks the best destinations for wine and wine tourism. As the following chart shows, in 2023, Portugal topped the list as the world’s best location for wine tourism with a score of 8.83/10. In second place is Moldova, and while this may seem surprising, the small Eastern European country has a long history of winemaking. In fact, its total vineyard area represents almost 2 percent of the world’s total. In third and fourth place came Italy and Spain, respectively, followed by Georgia and France. Of the top ten countries, only two are not in Europe, New Zealand (8th) and Chile (10th).

TRBusiness - Travel Retail Business visited Bruichladdich Distillery Company on the Scottish Island of Islay, known globally for some of the finest scotch whiskies ever produced, to hear from CEO Douglas Taylor and Fida Bou Chabke, CEO Global Travel Retail for Rémy Cointreau, about its unique heritage, innovative processes, and of course the whisky itself, including upcoming plans for GTR. Read the full detailed feature on TRBusiness now, using the link below 📖 #trbusiness #dutyfree #travelretail