evolution and trends for the duty free & travel retail industry —————
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Evolution and trends for the duty free & travel retail industry —————. Alain Maingreaud Managing Director, TFWA. Introduction to TFWA ——— The world today: from west to east ——— Global trends in travel & aviation ——— TFWA experience & sentiments for the industry. Introduction to TFWA ———. - PowerPoint PPT PresentationTRANSCRIPT
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Evolution and trends
for the duty free & travel retail industry
————— Alain MaingreaudManaging Director, TFWA
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Introduction to TFWA———
The world today: from west to east———
Global trends in travel & aviation———
TFWA experience & sentiments for the industry
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Introductionto TFWA
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Mission ———
“to enable and empower the Duty Free and Travel Retail
industry by providing the opportunities and the tools for brand and market growth.”
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TFWA World Exhibition over 5,600 visitors
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TFWA ASIA PACIFIC & GATE ONE2ONE 2,000 visitors200 exhibitors1,500 brands
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Conferences & Workshops
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The world todayfrom west to east
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“Bank of England forecasts 'choppy' economic recovery”
BBC News, 11 August 2010
“Joy, pain and double dips”The Economist, 12 August 2010
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“Hello America. China's economy overtakes Japan's in real terms”
The Economist, 16 August 2010
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E7 to Catch G7 by 2019?E7 = China, India, Brazil, Russia, Mexico, Indonesia and Turkey
Figure 1: E7 could overtake G7 by 2020
0
10000
20000
30000
40000
50000
60000
Source: World Bank for 2000-8, PwC projections of actual GDP in 2009-10 and trend GDP thereafter
GD
P a
t P
PP
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G7 GDP
E7 GDP
Convergence OvertakingCatch-up
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Source: AT Kearney, ‘Global Retail Development Index,’ 2009
Emerging retail markets ———
“…reliance on developing countries for future growth is no longer a ‘nice-
to-have,’ but is a necessity.”
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Emerging retail markets
Source: AT Kearney,‘Global Retail Development Index,’ 2010
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Global trendsin travel & aviation
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“Multi-spend recovery kick started by developing economies”
Euromonitor International
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“Asian Markets Adding Business Travel Spend at Four Times the U.S. Rate”
National Business Travel Association
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Global business travel spend
% Change2009 - 2010
% Change2010-2014
United States 2.5 %
2.4 %
China 16.3 % 12.3 %
Japan 6.7 % 2.1 %United Kingdom -0.6 % 8.2 %
France -1.0 % 4.7 %
Italy -2.6 % 4.1 %
Germany -1.0 % 3.8 %
South Korea 21.2 % 7.2 %
Brazil 19.8 % 3.5 %Spain -4.0 % 4.2 %
Source: NBTA , August 2010
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“Asia Pacific takes top spot as traffic recovers strongly in 2010. North America slides to third”
Centre for Asia Pacific Aviation
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Asia Pacific + 11.5%
Europe - 7.3%
North America - 7.7%
Latin America + 6.9%
Africa + 1.8%
Middle East + 18.4%
World - 0.7%
Source: Centre for Asia Pacific Aviation & ACI
Comparative passenger numbers by regionJune 2010 vs June 2008 (year-to-date)
% change YTDJune 2008 > June 2010
Region
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Source: IATA
Premium traffic growth by ticket type:Jan-2007 to Jun-2010
(year on year % change)
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Source: IATA
Strong growthin Latin America premium travel
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TFWA experience & sentiments
for the industry
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“Cautiously optimistic”IATA
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Asia : + 88 %Middle East : + 112 %
Optimistic, with reason
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NAM: - 8%
LAC: - 0,5% *
* ACI 2009 figuresSource: Generation
The global industry in 2009
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Source: Generation
Year to date in Latin America
Americas + 22,4%
Latin America + 28%
North America + 16%
World + 16.1%
% change 1H 2010 vs 1H 2009
Region
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Source: Generation
Latin America + 28%
Asia Pacific + 26.3%
Middle east + 18.4%
Africa + 13.6%
North America + 16%
Europe + 4.4%
World + 16.1%
Year to date in Latin America% change 1H 2010 vs 1H 2009
Region
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The future as we see it…