According to industry analysts, Generation, total duty free sales in Asia and Oceania rose by 15.2% in 1999 and suppliers and retailers alike point to a continued, albeit gradual, recovery in 2000. While patterns of consumption have impacted on the travel retail drinks market, duty free sales of wines and spirits nevertheless grew 8.5% in the region in 1999.
Drinks industry must adapt to survive new look Asian duty free market
Once the darling of the drinks world, Asian duty free cost the industry dear when the tiger economies collapsed three years ago. An up-turn in fortunes has been welcomed, but Ben Cooper urges for caution as these are not the markets of old.