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China Travel Retail Innovation Summit 2018
October 25, 2018 - October 26, 2018
According to the report of Nielsen (a market research company), so far global travel retail market has reached USD 63.5 billion, and the figure is growing up to USD 85 billion by 2020. As the largest source of tourists in the world, China has seen a continuously stable increase in outbound tourism market in the past year: a year-on-year growth of 4.3% with 122 million person times of outbound travel. In such an era when mobile travel is booming, China’s travel sector is leading the innovation trend of global travel science and technology.
The demand of the Chinese for overseas commodities is so strong that brings big potential for the growth of duty-free retailing market; with the development of “New Retail”, combination of online & offline channels becomes the access of travel sector towards “New Retail”; with the increase of the Millennial Generation’s income, the purchasing power of those born after 1980 gets stronger, which makes them one of the most valued consumer groups for tourism retailing.
The forum will focus on the hot topics such as new tourism retailing, online/offline combination, the travel consumers of Millennial Generation, travel science & technologies, duty free retailing, luxury travel retailing and digitized payment, and give intensive discussion, so as to help travel retail sector learn industrial development trend timely, initiate innovative thoughts and response calmly to the opportunities and challenges in “New Retail” era.