CLUB WYNDHAM FIJI'S DENARAU ISLAND GEARS UP FOR DECEMBER OPENING
CLUB WYNDHAM FIJI'S DENARAU ISLAND GEARS UP FOR DECEMBER OPENING - Award-winning resort Club Wyndham Denarau Island is scheduled to re-open on December 1 and debut a number of renovations and upgrades as international tourism in Fiji begins to ramp up. “Our team here has been incredibly patient waiting out the COVID-19 outbreak and the tourism downturn, and now we are very excited to be welcoming back our guests,” said General Manager Kaydee George. “We are pleased that we can open all facilities at the resort, including pools and f…
FINANCIAL INSECURITIES TO SLOWDOWN ASIA PACIFIC RETAIL SALES GROWTH RATE IN 2021
FINANCIAL INSECURITIES TO SLOWDOWN ASIA PACIFIC RETAIL SALES GROWTH RATE IN 2021 - The general impact of COVID-19 pandemic in the Asia-Pacific (APAC) region is still of great concern for most of the consumers with 66%* of the respondents expressing deep concerns about their financial situation uncertainties, thus restricting the shoppers from spending freely on retail goods, says GlobalData, a leading data and analytics company. Among the concerned respondent countries, the Philippines, Vietnam, and Malaysia accounted for the highest pro…
ASIA PACIFIC LUXURY RETAILERS TO BENEFIT FROM POST-COVID 19 NORMAL PERIOD
ASIA PACIFIC LUXURY RETAILERS TO BENEFIT FROM 'POST-COVID 19 NORMAL' PERIOD , says GlobalData Several countries in the Asia-Pacific (APAC) region like India and Malaysia are dealing with the second spurt of the COVID-19 pandemic. However, as much as the pandemic proved to be a threat, it also created opportunities for regional luxury retailers and international retailers operating in the APAC to leverage technology and reach customers at a personal level by using the social media platforms such as WeChat and TikTok. The APAC remains th…
APAC TO ACCOUNT FOR OVER 40% GLOBAL MENSWEAR AND WOMENWEAR MARKET BY 2024
APAC TO ACCOUNT FOR OVER 40% GLOBAL MENSWEAR AND WOMENWEAR MARKET BY 2024 - High population density, increasing Internet penetration, economic growth and the increased spending ability of the consumers offer huge growth potential for menswear and womenswear sales in the Asia-Pacific (APAC) region. As a result, the APAC market is forecast to account for over 40% of the global sales by 2024, reveals GlobalData, a leading data and analytics company. At the same time, the share of the Americas and Europe will continue to fall, on the back of mar…
APAC FORMALWEAR RETAILERS MUST ADAPT TO WORK-FROM-HOME TREND TO STAY RELEVANT IN MARKET
APAC FORMALWEAR RETAILERS MUST ADAPT TO WORK-FROM-HOME TREND TO STAY RELEVANT IN MARKET, SAYS GOLBALDATA With work-from-home continuing to be a precautionary measure in 2021 to safeguard employees from the COVID-19 pandemic, formalwear retail brands in the Asia-Pacific (APAC) region need to revisit their strategies to operate and compete in the market, says GlobalData, a leading data and analytics company. Formalwear retail brands saw a sharp growth in the recent past with the emergence of countries such as India, Singapore and China as major …
ASIA-PACIFIC TO LEAD GLOBAL JEANS MARKET GROWTH
ASIA-PACIFIC TO LEAD GLOBAL JEANS MARKET GROWTH - The emerging markets across the Asia-Pacific (APAC) region are set to play a crucial role in the revival of the global jeans market to its pre-COVID-19-pandemic level growth by 2022, says GlobalData, a leading data and analytics company. GlobalData’s research reveals that the global jeans market grew at a compound annual growth rate (CAGR) of 0.5% between 2014-2019 to reach US$74bn. However, the COVID-19 induced lockdowns led to store closures, which dampened the overall apparel spend, includi…
RADISSON HOTEL GROUP RISES ABOVE CHALLENGES TO ADD 84 NEW HOTELS ACROSS ASIA PACIFIC IN 2020
Artist’s impression of Radisson Collection Resort, Nanjing’s lobby RADISSON HOTEL GROUP RISES ABOVE CHALLENGES TO ADD 84 NEW HOTELS ACROSS ASIA PACIFIC IN 2020 - Radisson Hotel Group overcame significant global challenges in 2020 to expand its portfolio of properties in the Asia Pacific, with the addition of 84 exceptional new hotels and resorts, covering eight of its distinct brands. This rapid growth forms part of the company’s ambitious five-year strategy to triple its portfolio in the midterm. This will be achieved through a blend of …
ASIA PACIFIC REIGNS IN 2021 HENLEY PASSPORT INDEX AS REGION LOOKS SET TO EMERGE FIRST FROM PANDEMIC
Photo by Spencer Davis from Pexels ASIA PACIFIC REIGNS IN 2021 HENLEY PASSPORT INDEX AS REGION LOOKS SET TO EMERGE FIRST FROM PANDEMIC - As 2021 commences, the latest results from the Henley Passport Index — the original ranking of all the world’s passports according to the number of destinations their holders can access without a prior visa — provide fascinating insights into the future of travel freedom in a world that has been transformed by the effects of the Covid-19 pandemic. Without taking temporary restrictions into account, Jap…
IS LUXURY MARKET STRUGGLING AMID A GLOBAL PANDEMIC?
As APAC luxury markets sink by US$2.1bn, brands turn to affordable luxury, says GlobalData Luxury has been one of the most affected industries in the retail sector due to the COVID-19 pandemic. The crisis led to the closure of several luxury stores across the Asia-Pacific (APAC) region, bringing their revenue stream to a standstill during the first half (H1) of 2020. Against this backdrop, brands are turning to affordable luxury to stay afloat and survive in the market, says GlobalData, a leading data, and analytics company. Accor…
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