In Trends

Duty free sales grew 10% in 2016 in Asia Pacific

Duty Free Travel Retail - Retail in Asia

Whilst revealing that registration is now open for the 2017 TFWA Asia Pacific Exhibition & Conference, the association’s President Erik Juul-Mortensen points out that in the first nine months of 2016, duty free & travel retail sales grew 10%; ensuring the global market remained in positive figures.

“While business slowed in all other areas of the world in the first nine months of 2016, Asia Pacific was the only region to show growth, gaining a substantial 10% and tipping the global market back into the positive, according to preliminary figures from Generation Research,” says Juul Mortensen.

“This region therefore remains a market that must be a top priority for our business. Attending [the TFWA Asia Pacific] event will provide delegates with the essential insight to help them thrive here.”

SEE ALSO: Lagardère to be a “pure player in travel retail”

Last year over 2,900 people attended the exhibition, up 12% from 2,591 the previous year, and over a third of these were key buyers. 360 meetings were organised by the ONE2ONE meeting service.

NEW OR RETURNING EXHIBITORS

There are already 275 exhibitors signed up, of which 42 are new or returning after a short break. Some of the top new or returning companies taking stand space this year include Tommy Hilfiger and Kering Eyewear in the fashion sector, fragrance and cosmetic brands Guerlain and Caudalie, Whyte & Mackay, Champagne Laurent-Perrier and Zonin 1821 in the drinks sector, jewellery company APM Monaco, Korea Ginseng Corporation in confectionery and tobacco brand KT & G Corporation.

TFWA Asia Pacific Exhibition & Conference will be held at the Marina Bay Sands Expo and Convention Centre in Singapore from 7-11 May 2017.

Registration will remain open until 6th April 2017. For more information and a full review of the 2016 event, please visit www.TFWA.com.

(Source: TR Business)

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