CANNES, France, Nov. 20, 2014 /PRNewswire/ -- Over the past thirty years of serving the duty-free and travel retail industry, the Tax Free World Association (TFWA) has witnessed the sector’s global sales grow tenfold from $6 billion in 1985 to $60 billion last year, and helped the industry through some extremely challenging periods.
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TFWA
TFWA is a not-for-profit membership organization with the motto “by the trade, for the trade.” It held its first Duty Free & Travel Retail Trade Exhibition in Nice in 1985 and has since organized the annual event at the Palais des Festivals et des Congrès in Cannes.
TFWA
The 30th TFWA International Duty Free & Travel Retail Exhibition (30th TFWA World Exhibition & Conference) has successfully concluded, with visitor numbers once again exceeding expectations and surpassing attendance at any previous TFWA event.
TFWA President Erik Juul-Mortensen said: “This year’s show did not disappoint. The stands were spectacular, the conferences and seminars were highly inspiring, the volume of business conducted was remarkable, and the overall atmosphere was vibrant. The impressive turnout demonstrates that the duty-free and travel retail industry is thriving, and I hope — and have reason to believe — that we will continue to achieve great things. I look forward to seeing global sales multiply tenfold again over the next thirty years.”
TFWA
Held from Saturday, October 26 to Friday, October 31, at the Palais des Festivals et des Congrès in Cannes, this year’s event attracted 6,701 attendees from 3,105 companies, a 6% increase over 2013. Of these, 2,132 (32%) were “key buyers,” including duty-free and travel retail operators, as well as representatives from airports, airlines, ferries, cruise lines, and border and city-center duty-free shops. Including agents and distributors, 4,511 influential industry executives from 1,750 companies attended the event.
These industry visitors came to establish business connections with 471 exhibitors, 45 of which were either first-time participants or returning after an absence, showcasing thousands of products.
For more information on upcoming TFWA events, please visit http://www.tfwa.com.