CANNES, France, Nov. 13, 2013 /CNW/ - "Asked by a colleague which word I
would choose to describe TFWA World Exhibition 2013, the word 'dynamic'
came to mind," commented Erik Juul-Mortensen, President TFWA. "Dynamic
in that there is a much better sense of working together in the
industry; in that passenger numbers are growing; in that exhibitor and
visitor numbers keep increasing."
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In total over 6,300 delegates from nearly 3,000 companies in the global
duty free & travel retail industry attended the annual trade show which
took place in the Palais des Festivals, Cannes from Sunday 20th to Friday 25th October. This visitor figure represents a +4% increase on the previous
year and of the total 34% were key duty free & travel retail operators
and landlords, up 8% on 2012.
"Dynamic" applies equally to the industry as a whole. Worldwide sales
last year topped US$55.8 billion, up 9.4% on the previous year,
according to Generation Research, at a time when many regions of the
world are still recovering from financial crisis and economic
Asia Pacific accounted for US$19.9 billion, 36% of the total, and Europe
followed with US$19.3bn (35%). the Americas accounted for 20%, Middle
East 9% and Africa 2%. At +19.4% the Asia Pacific region was again the
fastest growing region.
In terms of channel, airport retail remains by far the largest
contributor to the revenue pot, well ahead of airlines, ferries and
other channels. Modern airports which are catering to rapidly
increasing passenger flows place non-aeronautical retail at the heart
of their development strategy and as a result the retail environment is
increasingly diverse, alluring and entertaining.
In terms of product sectors, fragrances & cosmetics remains the dominant
sector with over 28% of market share followed by wines & spirits at
16%. However the beauty category's growth at 10% was less impressive
than fashion & accessories, a category which accounts for 14% of the
market but grew at 13.5% in 2012 vs 2011. Unusually, the watches,
jewellery & fine writing instruments and confectionery & fine food
categories also outperformed the beauty sector.
The annual TFWA World Exhibition plays a vital role as a forum for
business and networking and a launchpad for the innumerable new
products destined for travel retail outlets, many of which will be
exclusive to travellers.
For further information:
TFWA Press Office Tel: +44-1784-434-666, http://www.tfwa.com Email: firstname.lastname@example.org