Generation Asia Pacific Index Update: Asia Pacific nearly doubles global growth rate
The latest edition of Generation’s Index Asia Pacific reveals the world’s fastest growing region for duty free sales has achieved growth almost double that of the global rate for the first three quarters of 2013. Spurred on by robust arrivals figures across the region, the duty free sales have grown by almost 13% already. Although less dynamic than the 19.4% growth seen in 2012 across the region, the outlook is rosy for the future. The report highlights the positive forecasts for the growth of travel over the next 10-15 years, projecting a 160% growth of tourism arrivals by 2030 to more than 530 million. The full report and charts are available to members in the members’ only section of the APTRA website. For further detailed information and insights on developments in the sales and market shares of categories, channels, countries, locations, companies and brands in Asia Pacific – please contact [email protected]. or Malin Eriksson on +46 660 103 20.