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| Abbreviation | TFWA |
|---|---|
| Legal status | Non-profit association registered in France |
| Purpose | To promote and protect its members' interests and the wider global duty free and travel retail industry |
| Location |
|
Region | Worldwide |
Membership | 457 brand-owning companies active in duty free and travel retail, many of them marketing luxury goods |
| Leader | Erik Juul-Mortensen |
Main organ | By the trade, for the trade. |
| Website | https://www.tfwa.com/ |
The Tax Free World Association (TFWA) is a trade organisation that represents brands active in duty free and travel retail, a global market with estimated sales of $73 billion in 2023.[1]
Purpose
editTFWA's stated purpose is to help brands identify trends and opportunities, build awareness and enable the global duty free and travel retail industry to prosper. The association organises exhibitions and conferences, and commissions market research.
History
editTFWA was formed in 1984 by two industry executives[2].In 1985 it organised its first trade event, the Tax Free World Exhibition in Nice. The first Asia Pacific-based event was held in Singapore in 1995. 2017 marked 70 years since the opening of the world's first airport duty free shop3 at Shannon Airport in Ireland.
Structure
editFounded under the French law of 1901 governing non-profit associations, TFWA is led by a President working with a board and management committee both drawn from member companies. A team of permanent staff manages the association's day-to-day activities.
Membership
editA list of current member companies can be found on the association's website.[3]
Annual events
edit- TFWA World Exhibition & Conference (held at the Palais des Festivals et des Congrès in Cannes) – Described as "one of the most important events in the duty free and travel retail calendar",[4] it is often seen by the business press as an indicator of traveller and industry trends.[5][6][7][8][9] French TV news channel BFM also covered the 2024 edition[10]
- TFWA Asia Pacific Exhibition & Conference (Singapore)
- TFWA i.lab (Cannes & Singapore)
References
edit- ^ https://www.kearney.com/industry/consumer-retail/article/travel-+retail-s-next-chapter-innovating-beyond-technology-key-to-regaining-market-momentum
- ^ retail, Trbusiness The travel retail Trbusiness The magazine for global; Professionals, Duty Free (September 30, 2024). "TFWA: Value & personalisation vital to attracting today's travelling consumers". www.trbusiness.com.
{{cite web}}:|first1=has generic name (help) - ^ https://www.tfwa.com/members/search TFWA Members List
- ^ https://www.dfnionline.com/latest-news/tfwa-wraps-successful-2024-edition-cannes-announces-2025-dates-new-board-03-10-2024/ Duty Free News International
- ^ https://investir.lesechos.fr/conseils-boursiers/conseils-actions/le-duty-free-au-dessus-de-2019-en-europe-et-aux-etats-unis-2123527
- ^ https://www.lesechos.fr/weekend/mode-beaute/quand-lindustrie-du-luxe-imagine-le-voyageur-de-demain-1362701
- ^ Bargeron, Sadie. "Luxury's airport strategy: Key trends from TFWA conference in Cannes | Jing Daily". jingdaily.com.
- ^ Rozario, Kevin. "A Loyalty Program For Airport Shopping Now Connects Over 5,000 Avolta Stores Globally". Forbes.
- ^ Rozario, Kevin. "Bowmore Scotch Upgrades To Stand Out In Travel Retail, Moves Into D2C". Forbes.
- ^ https://www.bfmtv.com/economie/replay-emissions/good-morning-business/morning-retail-les-nouveaux-enjeux-du-travel-retail-par-eva-jacquot-01-10_VN-202410010083.html BFM TV
External links
edit- TFWA website tfwa.com
- Airports Council International (https://www.aci.aero)
- Asia Pacific Travel Retail Association (https://www.aptra.asia)
- Asociación Sudamericana de Tiendas Libres (https://asutil.org)
- Central and Eastern European Travel Retail Association (https://ceetra.org/)
- Duty Free World Council (https://www.dfworldcouncil.org)
- European Travel Retail Confederation (https://www.etrc.org)
- Frontier Duty Free Association (https://www.fdfa.ca)
- International Association of Airport Duty Free Shops (https://www.iaadfs.org)
- Middle East & Africa Duty Free Association (https://www.meadfa.com)
- Nordic Travel Retail Group (https://www.nordictravelretailgroup.com)