BEIJING, May 17, 2024
/PRNewswire/ -- A report from China.org.cn:
China Duty Free Group (CDFG), the world's leading travel retail
operator, outlined its strategy for continued growth at the
recently concluded TFWA Asia Pacific Exhibition & Conference
held in Singapore from
May 12 to 16.
The event, which marked the 40th anniversary of the Tax Free
World Association (TFWA), brought together industry leaders from
around the globe.
CDFG, the event's diamond sponsor, sent a high-level delegation
led by General Manager Chang Zujun,
Deputy General Manager Zhao Feng,
and Assistant General Manager Michelle
Sun. The delegation engaged in productive discussions with
industry partners throughout the conference.
During the China Watch Workshop on May
14, Matt Liao, CDFG's senior
vice president of marketing, branding and public relations, shared
his insights into the industry's development trends in his
presentation titled "Opportunity and Development."
Liao emphasized the positive outlook for the sector, citing a
more relaxed travel environment, a vibrant market, and the ongoing
implementation of key policies and national strategies like the
Hainan Free Trade Port. These factors, he noted, will create
significant growth opportunities for the industry as a whole.
Liao further outlined CDFG's strategic roadmap for capitalizing
on these opportunities. This includes growing its channel network
by focusing on popular tourist destinations, accelerating overseas
expansion, and expanding its presence at key domestic airports and
border points.
Additionally, CDFG will optimize downtown store operations by
closely monitoring policy changes and adjusting plans accordingly.
The company will also solidify its presence in Hainan by promoting the development of key
stores towards differentiated and diversified business models.
He noted that as the tourism market accelerates its recovery,
the global travel retail market has entered a phase of significant
growth and expanded opportunities. CDFG plans to leverage its
existing brand, supply chain, and channel advantages, alongside
broader industrial support from its parent company, China Tourism
Group, to expand vigorously into international markets while
maintaining a strong domestic presence.
Liao stated that CDFG is committed to working collaboratively
with industry peers to offer consumers a wider range of
high-quality products and services, seizing new opportunities in
China's travel retail market and
contributing to the global prosperity of the duty-free and travel
retail industries.
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SOURCE China.org.cn