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It has been observed that luxury wines and spirits are highly preferred by the international passengers , while there is also a strong growth in sales of fragrances and cosmetics in the Asia-Pacific market .
strength , with the Asia-Pacific market delivering impressive sales of US $ 30.6 billion last year , an increase of 11.6 % on the previous year .
“ This performance is being driven largely by two defining factors . Firstly , our potential customer base continues to grow , with recent figures from Airports Council International showing the number of international passengers growing at a robust rate of 8.4 %. Within Asia-Pacific , a number of airports are outperforming this figure , with the number of international customers at , for example , Kuala Lumpur International Airport growing by 14.7 % and Tokyo Narita Airport by 13.6 %,” he explained .
What are travellers buying ?
According to a report published by Allied Market Research , titled Travel Retail Market by Product and Channel : Global Opportunity Analysis and Industry Forecast , 2017-2023 , wines and spirits is the second largest revenue contributor in travel retail market . This is because consumption of wines , particularly luxury wines and spirits , has recorded considerable growth in the past few years .
Fashion and accessories were also active sales performers among Asia-Pacific passengers , registering an increase of 6.2 % to US $ 4.5 billion .
16 Retail Asia August 2018