Changi Airport concession sales reached SGD 1.1 billion (USD 822 million) in 2022, representing 37 percent of 2019 levels. Turnover from airside and public shops (excluding those from Jewel Changi [&#…
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Hong Kong government releases second batch of consumption voucher in August
Last year, the Hong Kong government launched the Consumption Voucher Scheme in an effort to stimulate the city’s economy in the wake of the Covid-19 outbreak. Last year, the Hong Kong government launc…
Report reveals online migration among Asian consumers
Carousell Media Group (CMG) and the Interactive Advertising Bureau Southeast Asia and India (IAB SEA+India) have released a new report showing a digital disruption spurred on by the migration of users…
Australians to spend US$293 million on Valentine’s Day gifts in 2022
Australians are set to spend AU$415 million (US$293 million) on Valentine’s Day gifts in 2022, with flowers, chocolates and jewellery the most popular items people will be getting their signific…
Cyber Monday, Black Friday sales in Australia to hit US$3.9 billion in 2021
Australians are expected to spend AU$5.4 billion (US$3.98 billion) during the Cyber Monday and Black Friday sales in 2021, as pent-up shopping desires due to pandemic-related lockdowns in October look…
China’s Golden Week retail sales disappoint, Hainan remains bright spot
China reported soft retail sales and tourism numbers during its all-important week-long national holiday period, as increases in both visitor footfall and consumer spending in the nation’s Hainan regi…
China, India to drive sportswear growth by 9.4 percent through 2025
Demand from China and India are expected to be the driving forces behind overall growth in the sportswear market in Asia-Pacific in the next four years, according to a report.…
Japan’s household spending fell
Japan’s household spending fell in March at the fastest pace in five years as the coronavirus outbreak kept shoppers at home.…
Japan’s convenience store sales hit record high in 2019
Japan’s convenience store sales rose to record heights in 2019, on the back of government efforts to facilitate consumer spending to offset the impact of a recent tax increase.…
Korea’s food and beverage companies give up on TVs
Food and beverage companies in Korea have been reducing spending on TV commercials, while mobilizing resources to promote their products on YouTube to reach increasingly digital-savvy young consumers,…