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TFWA ASIA PACIFIC PREVIEW


Asia Pacific DF&TR market continues to thrive ahead of TFWA Singapore event


The Asia Pacific market certainly endured its fair share challenges last year, but if sales in the first nine months of 2018 are anything to go by, the DF&TR industry in the region should be in for another year of growth and the mood at the upcoming TFWA Asia Pacific Exhibition and Conference should be full of positivity, as Andrew Pentol predicts.


A


s DF&TR stakeholders prepare to descend on Singapore for the 2019


TFWA Asia Pacific Exhibition and Conference at the Marina Bay Sands Expo and Convention Centre (12 May to 16 May), the buoyant nature of the market has created a strong feeling of optimism. Sales to travellers in Asia Pacific


been the case. Trade tensions, diplomatic


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differences and stock market volatility may cause the occasional problem, but the reality is passengers still appear keen to shop on their travels.


rose +14.7% in the first nine months of 2018, according to data from Generation Research, comfortably outperforming the worldwide figure of +9.9%. This is more than double the uplift


of Europe, the next largest region and marks an acceleration over Asia Pacific’s full-year sales growth of +12.6% in 2017. One would think that geopolitical


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Shifting landscape Despite the shifting geopolitical and economic landscape, Asia Pacific continues to drive global duty free and travel as more travellers in the region head abroad. This makes the Singapore exhibition and conference even more significant. According to the International


and economic turbulence in the region (the trade war between US and China and impact of THAAD missile crisis) would have dampened passengers’ enthusiasm to spend in 2018. But this does not seem to have


APRIL 2019


Air Transport Association’s 20- Year Air Passenger Forecast, Asia Pacific travellers will comprise more than half of all new passengers in the future. Traffic growth in Asia Pacific will


also outstrip every region. China, which experienced economic growth of 6.6% in 2018 – the slowest growth rate since 1990 – is still


The Chill Out Party is a regular fixture in the TFWA Asia Pacific social calendar.


TRBUSINESS 39 TRBusiness


expected to replace the USA as the world’s largest aviation market in the mid-2020s. Back to the recent past, preliminary


data from Generation Research for the first half of 2018 reveals turnover in Asia Pacific increased by 15%,


Above: The TFWA Asia Pacific Exhibition and Conference drew a record 3,194 visitors last year.


According to the International Air Transport Association’s 20-Year Air Passenger Forecast, Asia Pacific travellers will comprise more than half of all new passengers in the future.


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