This report provides an overview of the Asia-Pacific duty-free retailing which includes Market & Category Expenditure and Forecasts, Trends, and Competitive Landscape
Asia-Pacific duty-free market is expected to register promising growth between 2023-2027, fueled by rising income levels and a rise in international travelers
China is the leading duty-free market in the Asia-Pacific region but is expected to be surpassed by South Korea by 2026
Duty-free players are prioritizing holistic travel experiences for customers
Technology will play an important role
Growing focus on sustainability
The duty-free market in the Asia-Pacific region is witnessing difficulties due to the re-emergence of COVID-19 cases in some parts of the region, high levels of inflation, and uncertainties due to the indirect impact of the Ukraine-Russia conflict.
Key players in this market are focusing on expanding their offerings from regular duty-free products to more holistic customer experiences.
The future of the Asia-Pacific duty-free retail sector is being shaped by the adoption of technology, the inclusion of online shopping, mobile payments, and digital marketing. These initiatives are enabling businesses to connect with customers and improve the shopping experience.
Asia-Pacific duty-free market is expected to register promising growth between 2023-2027, fueled by rising income levels and a rise in international travelers
China is the leading duty-free market in the Asia-Pacific region but is expected to be surpassed by South Korea by 2026
Duty-free players are prioritizing holistic travel experiences for customers
Technology will play an important role
Growing focus on sustainability
Key Highlights
The duty-free market in the Asia-Pacific region showed strong growth of 81.9% in 2022, growing from $18.0 bn in 2021 to $32.7 bn in 2022. The region benefited from a surge in the number of international travelers as restrictions on travel were lifted.The duty-free market in the Asia-Pacific region is witnessing difficulties due to the re-emergence of COVID-19 cases in some parts of the region, high levels of inflation, and uncertainties due to the indirect impact of the Ukraine-Russia conflict.
Key players in this market are focusing on expanding their offerings from regular duty-free products to more holistic customer experiences.
The future of the Asia-Pacific duty-free retail sector is being shaped by the adoption of technology, the inclusion of online shopping, mobile payments, and digital marketing. These initiatives are enabling businesses to connect with customers and improve the shopping experience.
Reasons to Buy
- Gain a comprehensive knowledge on Asia-Pacific Duty Free market and develop a competitive advantage
- Investigate current trends in the Asia-Pacific duty free market to identify the best opportunities to exploit
- Analysis of key duty free players operating in Asia-Pacific region
- Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the duty free market in Asia-Pacific region
- Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
- Analysis of key international players operating in Asia-Pacific Duty Fee retail market - including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share
Table of Contents
- Executive Summary
- Regional Analysis
- Country Analysis
- Sector Analysis
- Tourism Landscape
- Key Trends
- Key Retail Innovations
- Competitive Landscape
- New Opportunities
- Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Lotte Duty Free
- King Power
- DFS
- Shinsegae DF
- DUFRY
- Loax
- Aelia Duty Free
- Daikoku Duty Free
- Flemingo
- Heinemann
- Duty Free Americas
