TFWA Asia Pacific targets 12% visitor gainsBy Kristiane Sherry
The Tax Free World Association (TFWA) has said preparations are well under way for its Asia Pacific Exhibition & Conference 2017, with visitor and exhibitor numbers expected to be “equally as successful” as last year.
The TFWA Asia Pacific Exhibition & Conference, set to take place in Singapore from 7-11 May 2017, is expected to attract brands from across the travel retail category spectrum.
Last year exhibitor numbers climbed 9% with visitor numbers up 12%. The TFWA says it expects the 2017 edition to be “equally as successful”.
“When it comes to looking for growth and opportunity, all eyes have been on Asia for many years,” said TFWA president, Erik Juul-Mortensen.
“In 2015, two of the top three countries for sales were in Asia and an impressive six out of the top ten. There is no doubt that Asia will have maintained its dominant position in 2016. In the first quarter of 2016, while some regions were experiencing a fall in sales, Asia Pacific saw growth of 5%.”
He continued: “The TFWA Asia Pacific Exhibition & Conference is a well established gateway to one of the duty free and travel retail sector’s most important markets. As in previous years, the 2017 event will be an essential diary date for all those who have an interest in developing their business in this key region.”
IWSR data released in August showed that travel retail spirits saw 2015 value sales declines of 4.2%, however volumes of super-premium spirits across all categories saw a 3.7% uplift.