Global Blue

Big spenders from Indonesia, Thailand and Vietnam are making their mark on Japan’s travel retail market during peak tourist seasons like ‘hanami’ and ‘koyo’.

The sharp decline in the British pound has sparked an influx of Asian and American tourists looking for cheaper luxury goods.

The aftermath of the terrorist attacks in Paris and Brussels weighed heavily on the sector’s first quarter results as tourist flows to Europe dropped.

London is the fashion capital where oil-rich Arabs spend the most cash in the run up to Ramadan.

With travel retail set to continue double-digit percentage growth, fuelled predominantly by Asians, the sector is increasingly targeting travellers beyond traditional travel corridors.