by Frances Cha
There?s just something about an airport duty-free store that makes travelers suddenly go mad for perfume and face cream, regardless of all the airport security hurdles they now have to jump through to lug them to their destinations.
A new report says the spending craze was particularly true at airports in Asia starting in 2011.
According to the Tax Free World Association (TWFA) -- the world?s largest duty-free and travel retail association -- Asian airports are now recording more duty-free sales than European airports for the first time in the industry?s 60-year-old history.
By the numbersIn 2011, 35 percent of the US$46 billion in global duty-free and travel retail sales was generated in the Asia-Pacific region, beating 34 percent in Europe and 23 percent in the Americas.
Worldwide, 31 percent of sales were recorded in the fragrances and cosmetics category, with wine and spirits coming in second at 17 percent.
read moreSource: http://rss.cnngo.com/~r/cnngo/~3/W3mDWXqHq4c/and-worlds-most-lucrative-airports-are-006206
No comments:
Post a Comment