Duty Free Retailing in Asia-Pacific, 2014-2019: Market Dynamics, Retail Trends and Competitive Landscape

Date: 2015-08

“• Asia-Pacific to grow at a CAGR of 12.3% to reach US$37.6 billion in 2019

• Japan initiated a national campaign to boost overseas visitors in Japan; 10,000 new Duty Free stores are set to be open in the country

• South Korea, the largest Duty Free in the world and so in the region, will be pushed to second rank by China in 2019

• Chinese Duty Free sales is expected to reach US$12.1 billion by 2019 with a CAGR of 22.3%

• DFS Group and Lotte Duty Free are major retailers in the region”

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