See the full press release here: Vinexpo Asia-Pacific Closing Results
While the International Herald Tribune has highlighted the excitement in their article published June 1st: Record smashed, Hong Kong wine auction proves a hit - focusing on an wine auction held in HK following the Vinexpo.
The Agence France-Presse reported in their article on the first day of the event "Asia's largest wine and spirits exhibition taps into region's thirst" : The third installment of the France-based show features 700 exhibitors from 32 countries, a large increase from its last visit in 2006, which organisers say proves the growing significance of Asia to global sellers.
"All the studies show that the Asian market represents the strongest potential for growth in wine and spirits over the next five years," said Dominique Heriard Dubreuil, president of Vinexpo Asia.
She said the Asian market was expected to grow by eight percent annually over the next five years compared with a one percent average growth in the rest of the world. "The growth is everywhere. Consumption in the restaurants and bars is increasing. Luxury hotels are flourishing," she added.
