Avolta AG

AVOL: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CHF 43.00	Tmjcgry	Jfxgccp

Dufry Should Benefit From the Travel Recovery in 2021 as Coronavirus Restrictions Ease

Jelena Sokolova

Apr 25, 2022

Business Strategy and Outlook

As a leading player in travel retail and a leading concession operator in airport retail with around 20% market share, more than double that of its next biggest peer, Dufry is well positioned to benefit from increasing global travel flows. Over the years, Dufry has played the role of consolidator in a globally fragmented industry, allowing it to achieve purchasing scale, breadth of store formats and product offer, and geographical diversification.

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