APAC
Airports
alcohol
americas
APAC
APTRA
Asia Pacific
Aviation
brexit
Canada
cannes
cosmetics
counterfeit
counterfeiting
DFWC
duty free
Economy
EU
Europe
European Union
fake
free trade zones
free zones
ftzs
illicit trade
intellectual property theft
international chamber of commerce
itp
Jesrsey
LATAM
Latin America
luxury goods
Media
mislabelling
Netherlands
OECD
Regulations
roundtable
Security
smuggling
Studies
supply chain sustainability
Tax
tax free
tfwa
the economist
tobacco
Tourism
Transport
travel retail
UK
United Kingdom
USA
vat free
world trade
Economic Impact of Duty Free and Travel Retail in Asia Pacific
A 201 report by the Duty Free World Council and Asia Pacific Travel Retail Association on the economic impact of duty free and travel retail in the Asia Pacific region. The report found that in 2017 an estimated US$36.2 billion was spent on duty free and travel retail in the Asia Pacific region. Airports and airlines accounted for nearly US$21.2 billion in duty free and travel retail sales, and duty free and travel retail spending in APAC accounted for an estimated 140,900 direct jobs and US$7.5 billion in direct GDP.