Regional duty-free trends reverse as Asia falls and Europe gains market share
The duty-free spirits market in Asia-Pacific took a tumble in 2013 following years of strong growth, while the Americas and Europe both continued their upward trend. The previously fast-growing Asia-Pacific market contracted -4.4% in 2013 versus 2012. A number of key markets in the region, including Singapore, South Korea, Thailand, Hong Kong, Taiwan and …