INTERNATIONAL. Welcome to the May 2022 edition of The Moodie Davitt Magazine, timed to coincide with the TFWA Asia Pacific live networking event in Singapore (9-11 May).
In this issue we assess the outlook for the industry’s revival through the eyes of some key players.
As a leading global travel retailer with interests that span duty free, travel essentials and food & beverage, how Lagardère Travel Retail views the post-COVID marketplace carries weight and resonance. Chairman & CEO Dag Rasmussen presents a positive big picture view about the prospects for sector recovery.
South Korea, traditionally the largest national duty free market in the world, is the subject of another major story in this edition. While travel retail is set to benefit from a boom in outbound – and in time inbound – tourism, the industry in Korea faces a profound challenge from China’s focus on maximising domestic consumption.
We also present highlights of a new White Paper from marketing and enterprise data solutions provider iClick Interactive, which offers insights into China’s travelling consumers and on Hainan’s emergence as a duty free superpower.
We hear from James Fong, CEO of Jewel Changi Airport Development, about what the long game looks like for the lifestyle, retail and entertainment complex as travel in Singapore recovers.
We speak to TFWA President Erik Juul-Mortensen about maintaining the association’s relevance in a changing world, and we carry a fascinating interview with Lukas Coates, Founder of Jaidee Duty Free, which runs a trio of land border stores in the Mekong River region of Thailand.
You will also find our new regular section, Editor’s Choice, in which we select and comment on some of the most eye-catching events, launches and campaigns across the industry recently.
Accompanying this issue is our regular Category Insight series – dedicated to the industry’s major product sectors – with a focus on wines & spirits.
We hope you find our May edition and the Category Insight supplement an enjoyable and stimulating read.
