NEWS
TFWA TO OPEN ITS 2021 ASIA-PAC DUTY-FREE SHOW ON 21 JUNE IN CHINA’S SANYA CITY
By Siulan Law Mathews DipWSET
4-2-2021
Source: Tax Free World Association
Tax Free World Association (TFWA) announced that the next TFWA Asia Pacific duty-free trade show will be held from 21 to 24 June 2021 in the city of Sanya in China’s Hainan province, which is the only bright spot in the global travel retail sector now.
TWFA said in a press release that they arrived at the decision on the opening date after consultation with its local partners and assessment of the situation for regional and global travel.
The TFWA Asia Pacific show has always been held in Singapore, but the organisation announced in last November that the next edition of the show will be held in the Chinese city of Sanya on Hainan island.
TWFA originally said the show will be held in May 2021, but yesterday confirmed that it will open from 21 to 24 June 2021.
“We believe that the change of dates makes sense given the evolution of the health and travel situation around the world. We know that there is great demand for a live event that meets the current needs and budgets of brands and buyers, and we are confident that Hainan is the perfect venue for such an event," said TFWA President Jaya Singh.
"The new date will also allow delegates to visit the many new retail developments in Hainan, both in Sanya and Haikou. The excitement around these new ventures will add even more of a sense of occasion to what I’m sure will be a very welcome return to our event programme,” added Singh.
TWFA also said the decision was taken by the Board to allow maximum opportunity for delegates in Asia and beyond to participate in an event which has generated considerable interest from brands, retailers and other industry stakeholders.
In addition to an on-site event in Hainan – the most dynamic market in travel retail today – delegates will be able to take part from distance via streamed content and virtual TFWA One2One meeting.
The tropical Hainan island, which enjoys special customs status as an off-shore island, has always been a popular holiday destination for domestic Chinese tourists.
Hainan’s duty-free shopping revenue more than doubled in 2020 after the Hainan authorities lifted the yearly duty-free shopping quota for individual visitors to RMB100,000 (USD15,220) from RMB30,000 last July.
The province is to add six new duty-free outlets in the first quarter of this year, making it the only bright spot in the world’s travel retail sector amid travel suspensions around the world because of the pandemic.
(the writer can be contacted at: info@thewinechronicle.com)
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