CDF Made a Stage Pose at the 2017 TFWA China's Century Conference Successfully
CDF General Manager Chen Guoqiang and COO Lee Charn Cheng attended the 2017 TFWA China's Century Conference held in Guangzhou from March 7 to 9, 2017. This is the third time that the TFWA exhibition was held in China, highlighting the important position of Chinese market in the global tourism retail market. Still adopting the theme of "China's Century", the Conference attracted more than 400 representatives of global airports, travel retailers and brand owners.
CDF General Manager Chen Guoqiang delivered a speech.
TFWA President Erik Juul-Mortensen delivered a speech.
On the first day of the Conference, TFWA President Erik Juul-Mortensen delivered a speech. He noted that the Chinese market maintains a good development trend in the circumstances that the global tax exemption and tourism retail market is constantly changing. His remarks were widely recognized by the attending representatives. At the invitation of the Conference, CDF General Manager Chen Guoqiang delivered a keynote speech titled "Embracing Changes and Releasing Potentials". He said: "China's tourism retail market underwent a series of changes last year. For example, Chinese government promoted the consumption backflow by improving the duty-free policy. Thanks to the booming Chinese domestic tourism market and outbound tourism market and the reconstruction and expansion of China's large international hub airports, China's tourism industry gained enormous development vitality and power. In 2016, Chinese mainland's luxury goods market started to rebound after three years of downturn. With the increase in the proportion of free travel of Chinese tourists, the elements of tourists and the tourism industry chain are more closely interlinked. Besides, cruise tourism develops fast in China. In 2016, China received 4,523,000 entry and exit cruise tourists, with an increase of 82% over the previous year, thereby becoming an emerging market enjoying the fastest growth in the world's cruise tourism industry. The changes of Chinese consumers are particularly prominent. The millennials have been the backbone of China's tourism retail market. For example, according to the consumer data of Sanya International Duty Free Shopping Complex, the millennials from 24 to 33 years old account for up to 46% of the consumers.
CDF General Manager Chen Guoqiang was interviewed at the Conference.
General Manager Chen Guoqiang said: "Facing such new changes, CDF seizes the opportunities and actively creates the image of flagship stores at airports. Its Sanya International Duty Free Shopping Complex has been developed into a landmark tourism destination guiding the international trend. In addition to duty-free market strategic layout for key cities and expansion of new cruise business markets, with a foothold on the Chinese mainland, CDF has been developing the duty-free business in the tourist destinations favored by Chinese consumers. In the 2017 Spring Festival Golden Week, CDF's Sanya International Duty Free Shopping Complex attracted more than 250,000 tourists, with an increase of more than 26% over the previous year, thereby becoming a major bright spot on China's current tourism consumer market."
As a stage for CDF to show itself to many international partners, 2017 TFWA China's Century Conference held in Guangzhou fully demonstrated the brand and good corporate image of CDF and highlighted the strength and potential of Chinese duty-free enterprises. CDF's international influence was further enhanced. As a representative of China's duty-free industry, CDF's good performance was the focus of the Conference. CDF's authority and leading position in the field of tax exemption were highly recognized by the organizers, industry media agencies and attending representatives. In the future, by relying on the resources and advantages of China Tourism Group's unique tourism industry chain, CDF will continue to take its own advantages in the field of tax exemption in China and constantly to integrate the core resources of the duty-free industry and tourism industry, so as to establish an industry cooperation alliance and participate in international cooperation with a more open attitude.
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