26th TFWA Exhibition and Conference Highlights Growth Potential in the Region
Asia-Pacific is emerging as a driving force in the recovery of tourism and duty-free shopping, according to discussions at the 26th TFWA Asia-Pacific Exhibition and Conference. Industry experts gathered to discuss growth prospects and emerging opportunities in the region.
The lifting of travel restrictions in China has been a significant catalyst for the recovery of tourism and duty-free shopping in the Asia-Pacific. Asian destinations are already benefiting from increased passenger traffic from China, and it is expected that long-haul travel will also resume on a large scale.
“Asia-Pacific is rapidly rebounding from the impact of the pandemic, with a growing demand for travel and duty-free shopping. Asian consumers are known for their appetite for luxury products, and we are seeing a significant recovery in this segment. This opens up new opportunities for luxury brands and retailers worldwide,” said Erik Juul-Mortensen, President of TFWA.
In addition to China, India is also identified as a market with strong potential. With its young population and growing economy, India offers promising opportunities for tourism and duty-free shopping. Indian airports are rapidly expanding to meet the increasing demand, and the emerging middle class in the country is a driving force for duty-free purchases.
The 26th TFWA Asia-Pacific Exhibition and Conference continues with in-depth sessions on consumer trends, marketing strategies, and technological innovations that will shape the future of the travel and retail industry. Participants will have the opportunity to connect with industry experts, establish valuable contacts, and develop partnerships to drive regional growth.