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Rich mix of companies at TFWA Asia Pacific
Thursday, April 05, 2007
With nearly 190 companies from all over the world already confirmed exhibitors, TFWA is confident that the annual TFWA Asia Pacific duty free and travel retail exhibition in Singapore this May will be a vibrant event which will reflect the dynamism of the industry in the region.

Asia Pacific is the fastest growing duty free and travel retail market in the world. According to the industry’s analysts Generation AB, the global industry achieved sales in 2005 worth US$27 billion and Asia & Oceania accounted for 26.5% (second only to Europe) which was a +13.9% increase on the previous year. The region is projected to account for 40% of world sales by 2010.

The addition of Singapore Changi Airport Authority and the Singapore Tourism Board add to the local flavour of this show which is geared specifically to the needs of Asian airport, airline, ferry and downtown buyers.

There will be 45 exhibitors present which did not make it onto the trading floor last year including major international names.

TFWA Asia Pacific opens with a business conference on Tuesday 15th May in the Singapore Suntec Centre and closes on Friday 18th May.
Michael Verikios - Thursday, April 05, 2007
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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