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Retail Asia17/01/2019

Hotel room rates in Hanoi and HCMC, at around $110 a night, are the second most expensive in Southeast Asia behind only Singapore. Real estate services firm CBRE Vietnam said at a recent conference that the performance of the four- and five-star hotel segments was very strong in 2018 due to limited supply but constantly […]

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Retail Asia17/01/2019

Chinese Vice-Premier Han Zheng, the point man on Hong Kong and Macau affairs, recently gave the green light to the official document on the “Greater Bay Area” following extensive consultations with local governments, a Beijing source said. “No party or agenda, including even environmental protection, will be left behind by this all-inclusive blueprint,” the official […]

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Retail Asia15/01/2019

Starbucks has opened its largest Southeast Asian location in Bali. The 20,000sqft Starbucks Dewata Coffee Sanctuary builds on 16 years of innovation in design, customer experience and community impact for the brand in Indonesia, where there are 370 Starbucks outlets nationwide. Customers can enjoy Starbucks handcrafted core and Reserve beverages within the store’s locally-inspired design […]

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Retail Asia15/01/2019

November Singapore retail sales were static, rising just 0.2 per cent year on year after removing motor vehicles from the data. On a month-on-month basis, sales rose 1.4 per cent, again after disregarding motor vehicles. Perhaps the most interesting figure was the share of total retail sales which occurred online, reaching 6.6 per cent. In […]

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Retail Asia21/12/2018

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According to the announcement by the government’s Reveue Department regarding ‘Downtown VAT Refund for Tourist’, the campaign has kickstarted an initiative to set up counters in numerous locations across central Bangkok to help tourists proceed with VAT refund upon shopping at permitted VAT refundable retailers. VAT refund will be returned to tourists in the form […]

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Retail Asia19/12/2018

Vietnam’s jet fuel demand will surge to a record this year as its tourism booms and the country’s airlines are rapidly expanding. The country is on track to have 38 million international passengers and 16 million visitors this year, according to data from CAPA Centre for Aviation. That is up from 18 million passengers and […]

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Retail Asia12/12/2018

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Chinese group tours, which helped fuel local retail sector growth in recent years, have yet to make a full comeback despite the easing of restrictions by Beijing, Korean duty-free store operators said on Sunday. The assessment came as official data from the Bank of Korea showed that 475,000 Chinese nationals visited the country in October, […]

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Retail Asia11/12/2018

Overseas spending by South Korean tourists ranks among the top of advanced economies, research data showed on December 5. Figures provided by the Korea Economic Research Institute, affiliated with the Federation of Korean Industries, put the proportion for South Korea at minus 1.9 percent in 2016, ranking it the fifth highest among 32 member states of the […]

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Retail Asia05/12/2018

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Chinese-owned, British headquartered toy store chain Hamleys has entered the Japanese retail market, opening two theme-park styled outlets. Hamleys Japan is targeting 4 million visitors to each store within the first year, with a view to opening 30 stores in the territory over the next five years. The new stores have opened in Yokohama (at […]

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Retail Asia04/12/2018

The “golden age of tourism” in Vietnam presents robust hotel development opportunities in Vietnam’s biggest cities. Troy Griffiths, deputy managing director of real estate consultant Savills, said Ho Chi Minh and Hanoi are “under-hoteled per population, per travel and per airlift capacity”. “Hotel is a particularly dynamic sector at the moment as Vietnam is experiencing […]

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Retail Asia28/11/2018

Genting Malaysia Bhd’s share price fell as much as 18.6% today on news that it is suing Twenty-First Century Fox Inc and The Walt Disney Co for more than US$1 billion (RM4.19 billion) for terminating their contract to develop a Fox-branded theme park at Resorts World Genting in Malaysia. The Fox theme park is a […]

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Retail Asia21/11/2018

Korea’s duty-free sales are likely to set a new annual record this year despite Chinese group tour traffic not having fully recovered. According to the Korea Duty Free Shops Association, duty-free store operators made $1.44 billion in October, a 28.6 percent increase year on year. This takes Korea’s total duty-free revenue between January and October […]

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Retail Asia01/11/2018

Hong Kong is listed as one of Asia Pacific’s top 10 most visited destinations for the eighth consecutive year in the Mastercard Global Destination Cities Index 2018 released. Ranked 14th globally and seventh in Asia Pacific, Hong Kong welcomed 9.03 million international overnight visitors in 2017. Despite dropping a notch from ranking the sixth the […]

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Retail Asia23/10/2018

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Bangkok’s three shopping centres grouped under the OneSiam brand, are collaborating with Air Asia to encourage more Chinese tourists to Thailand. The malls – Siam Paragon, Siam Center, and Siam Discovery – have received backing from the Tourism Authority of Thailand (TAT)’s Chengdu office to launch a campaign called Air Asia x OneSiam present Thailand […]

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Retail Asia07/09/2018

Malaysia has climbed ahead of the US to become the ninth largest market worldwide for Chinese tourists’ spending overseas. This was recorded during China’s summer holidays, which took place between July 1 and Aug 31 this year. According to Alipay, a mobile and online payment platform offered by Ant Financial, the volume of transactions made […]

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Retail Asia05/02/2018

Japan’s tourism bonanza shows no signs of abating. The country welcomed a record 28.6 million visitors from abroad in 2017, an increase of 19.3% on the year. Travelers also spent significantly more: 4.4 trillion yen ($39.68 billion), up 17.8%. So, where are all of these people coming from? Where are they going? And what are […]

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Retail Asia23/06/2017

State-owned operator Angkasa Pura II, Tourism Ministry and Transportation Ministry have launched Tourist Information Center at Terminal 3 of Soekarno Hatta International Airport. TIC services that have been operating since June 19 will serve to promote Indonesian tourism. “In order to achieve the full-year target of tourist arrivals,” Angkasa Pura II president director Muhammad Awaluddin […]

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Retail Asia19/05/2017

Thailand is way ahead of the game, but Vietnam welcomed record tourism revenue in 2016. Tourists arrivals in Vietnam past the 10 million mark last year, and the $18 billion in revenue collected by the sector contributed around 7.5 percent to the country’s economy. According to tourism data, Vietnam fell far short of Southeast Asia’s […]

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Retail Asia02/02/2017

Macau’s total visitor arrivals rose a nominal 0.8% to a new record 30.95m in 2016, with nearly 28m travelling from Greater China markets (+0.1%), a slight increase of 0.1%, whereas the much smaller international visitor arrival total grew by 7.9%. This will be encouraging news for DFS Macau in particular, plus Duty Free Americas, Dufry […]

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Retail Asia30/01/2017

The weeklong Lunar New Year holiday season has started in China, and surrounding countries and regions are expecting the usual surge in spending by Chinese tourists. This year, however, things may be different. According to China’s biggest online travel agency, Shanghai-based Ctrip, the number of Chinese visiting foreign countries during the holiday period this year […]

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