Diverse Flavours once again exhibited its premium wines and sake at Cannes TFWA World Exhibition from 30 September – 5 October 2018.
In 1999 global sales in duty free were US$20 billion. In 2017, this figure was a staggering US$69.3 billion.
In 2017 the industry experience double digit growth. Asia Pacific region posted growth of 12.6% and exceeded US$30 billion. Europe, Middle East and America’s grew by 7%. 2018 Q1 sales were up 10.7% year-on-year.
The Chinese National Tourism Administration predicts that over 200 million Chinese will travel abroad by 2020, around 60% more than in 2016. Millennials are driving the need for change, with their demand for unique products, engaging experiences and multi-channel shopping.
Cannes was once again a great show with many new contacts made, business ideas discussed, with friends old and new!