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Asia Pacific's accelerating pace of change

28/01/2016. Things rarely stand still in duty free and travel retail’s largest region, but recently the pace of change for Asia Pacific seems to have moved up a gear.

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A watershed point

08/06/2015. After several years of reliable growth driven by vibrant local economies and rising passenger numbers, the business climate for Asian duty free and travel retail has cooled in the last 12 months. Some, then, might have expected a subdued atmosphere as the industry gathered for the 20th TFWA Asia Pacific Exhibition & Conference in Singapore recently.

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A competitive edge

05/03/2015. Few were surprised when, as the largest region by value, Asia Pacific took over leadership of global duty free and travel retail from Europe two years ago. Between 2008 and 2012 Asia’s turnover doubled while Europe’s, still recovering from the financial crisis, edged up just a few percent. However, winning leadership is one thing but retaining it is another, especially when growth is slowing in the region’s largest economy.

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