Draft:Tax Free World Association
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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 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
[edit]TFWA’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. TFWA organises exhibitions and conferences, workshops and webinars, and commissions market research. TFWA Care is the Association’s member-funded, charitable initiative focusing on humanitarian causes that help vulnerable people – especially women and children – build better lives[2].
History
[edit]TFWA was formed in 1984 by two industry executives[3]. 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. 2013 saw the Association’s first China-focused gathering, TFWA China’s Century Conference, held in partnership with the Asia Pacific Travel Retail Association in Beijing. 2017 marked 70 years since the opening of the world's first airport duty free shop at Shannon Airport in Ireland. TFWA reached its 40th anniversary in 2024, with a special celebration at TFWA World Exhibition & Conference in Cannes[4].
Structure
[edit]Founded under the French law of 1901 governing non-profit associations[5], TFWA is led by a President working with a board[6] drawn from member companies. Supporting them are management committees[7] (again drawn from member companies) covering commercial, financial, marketing and corporate aspects, along with conferences and research. A team of permanent staff[8] manages the association’s activities on a day-to-day basis.
Membership
[edit]A list of current member companies can be found on the association’s website[9].
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”[10] and “the greatest travel retail show on earth”[11], the event comprises a half-day conference, workshops and an exhibition. Recent conference speakers include Hillary Clinton, Tony Blair and Bertrand Piccard. The 2024 edition saw 462 exhibiting companies occupy over 25,000 square metres of floorspace, and attracted 7,456 visiting duty free and travel retail professionals[12]. The TFWA Daily[13], published locally, carried news and features about the event. French TV news channel BFM also covered the 2024 edition[14]
- TFWA Asia Pacific Exhibition & Conference (Singapore)
- TFWA i.lab (Cannes & Singapore)
References
[edit]- ^ Kearney, Generation Research https://www.kearney.com/industry/consumer-retail/article/travel-+retail-s-next-chapter-innovating-beyond-technology-key-to-regaining-market-momentum
- ^ https://tfwacare.com
- ^ Travel Retail Business
- ^ https://www.tfwa.com/association/marking-a-milestone-100015696
- ^ [1]Association loi de 1901
- ^ https://tfwa.com/team/search
- ^ https://tfwa.com/team/mc-sector
- ^ https://tfwa.com/team/tfwa
- ^ TFWA Members List
- ^ Duty Free News International
- ^ The Moodie Davitt Report (LinkedIn post, October 2024)
- ^ https://www.tfwa.com/tfwa-world-exhibition-conference/news/key-event-data-100016126
- ^ https://www.tfwa.com/tfwa-world-exhibition-conference/tfwa-daily/tfwa-daily-2024-100016669
- ^ 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
External links
[edit]- TFWA website (https://www.tfwa.com)
- Other duty free and travel retail-related associations
- 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)