What is the outlook for national duty-free sales in Asia Pacific?

 What is the outlook for national duty-free sales in Asia Pacific?

Growing Tourism: Both domestic and foreign tourists enjoy travelling to the Asia-Pacific region. Duty-free shopping options can be found at airports, ports of embarkation, and other popular tourist destinations.

Expanding Travel Networks: The development of the area's travel structures, which includes high-speed rail networks, airlines, and airports, has made travel more convenient and accessible. The number of people transiting through airports and other travel hubs rises as travel becomes more accessible and affordable, creating additional opportunities for duty-free shopping.

Cross-Border purchasing: The availability of nearby nations with varied tax structures and price differences has encouraged cross-border purchasing. Duty-free stores in nearby nations where prices may be lower are frequently used by tourists from countries with higher taxes on luxury products.

Product Selection and Limited-Time Offers: Duty-free shops are renowned for carrying a variety of goods, including cosmetics, fragrances, clothing, gadgets, and more. These shops frequently provide special deals, promotions, and limited-edition goods, drawing customers looking for distinctive shopping experiences.