Asia Pacific

Coronavirus to wipe US$8.3bn off APAC duty free market in 2020, says GlobalData

The recent coronavirus scare has dramatically altered the dynamics of the APAC duty free market, according to research from GlobalData. GlobalData expects the APAC duty free sales to reach US$35.2bn, which is 19.1% lower than the original (pre-coronavirus) forecast. They forecast that US$5.5bn will be lost from South Korea‚Äôs 2020 forecast and US$1.5bn from China […]