Positive Outlook for Duty Free and Travel Retail Industry

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• Publié par: tax-free-world-association
• Nombre de lectures: 26
• Langue: English

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Positive Outlook for Duty Free and Travel

Retail Industry

PR Newswire

PARIS, June 12, 2012

PARIS

,

June 12, 2012

/PRNewswire/ --

The duty free and travel retail community assembled last month for the most

important event in the industry's history in the

Asia Pacific

region. TFWA Asia

Pacific & GATE ONE2ONE, the annual conference and exhibition event in

Singapore

for stakeholders in the industry in the dynamic

Asia Pacific

region,

was larger and better attended than at any time in its 17 year history, evidence

of the growth potential of the trade in the dynamic

Asia Pacific

region.

To view the Multimedia News Release, please click:

http://www.multivu.com/mnr/53836-tfwa

Vital contribution to transport infrastructure

The global duty free and travel retail industry - the trade in premium and

prestige products to travellers at the world's international airports, on airlines,

ferries, cruiselines and ports as well as at downtown and border duty free

stores - is worth some

US$46 billion

in sales each year.

This revenue, and other non-aeronautical revenue streams such as advertising,

food & beverage and car parking, is of immense importance to airports and to

airlines. It not only provides vital funds for the maintenance and development

of the airport facilities, its contribution to an airport's coffers means that airport

charges can be held down for airlines and consequently passenger fares can be

kept down. It is estimated that 50% of an international airport's revenue is

derived from duty free, travel retail and other non-aviation activity. At Paris

Charles de Gaulle airport, for example, commercial activities generate 60% of

total revenues for the airport.

Similarly the international ferry sector, which fulfils an obvious need to

transport goods and passengers, is supported to a large extent by commercial

retail turnover.

Asia Pacific

on the rise

In 2011 the

Asia Pacific

region outperformed

Europe

in duty free and travel

retail sales for the first time since the industry was born over 60 years ago with

sales of

US$16bn

, up 25.5% on 2010, according to independent industry analyst

Generation Research.

Of the

$46 billion

worth of global duty free and travel retail sales, 35% was

generated in the

Asia Pacific

region, 34% in

Europe

, 23 % in the Americas, 7%

in the

Middle East

and 1% in

Africa

.

Asia's

share of the pot has increased

steadily over the last 10 years as its economies have experienced extraordinary

economic growth.

Full press release at http://www.tfwa.com/communique_multimedia

http://www.tfwa.com

Video: http://www.multivu.com/mnr/53836-tfwa