Season’s Greetings from TRBusiness

By Faye Bartle |

Season's Greetings 2023

As 2023 draws to a close, the owners, directors and employees of TRBusiness would like to thank all of our loyal readers, viewers, advertising partners and sponsors for another year of unwavering support.

It has been a fast-paced year for the duty free and travel retail industry, with game-changing news coming thick and fast, a raft of exciting tenders, new partnerships launched and attention-grabbing activations by brands and retailers.

The feeling on the ground is that travel retail is well and truly back with a bang. However, we shouldn’t be complacent.

A report by management consulting firm Kearney, conducted for the Tax Free World Association and released in October, revealed that only 5-10% of passengers make purchases at airports and that, in total, GTR spend per passenger fell by 29% in 2022 to US$17. What’s more, says the report, it won’t be until 2023-24 that all ground is made up following the impact of the Covid-19 pandemic.

As we reach this pivotal moment in the recovery trajectory, it’s vital to stay well informed of industry dynamics and TRBusiness is doubling down on its mission of helping the industry grow by bringing you insightful, intelligent and independent reporting across our digital and print touchpoints, as well as through our acclaimed events.

The industry’s only consumer-centric event, the TR Consumer Forum, marked its third annual edition in 2023, attracting a total of 241 registered delegates to the two-and-a-half days of conference sessions and networking in Vienna – a rise of 34%, compared to last year’s edition in Cyprus.

Watch the 2023 TR Consumer Forum wrap-up video below

We received excellent feedback, backed by a flurry of conversations sparked on social media about the event. We’re looking forward to revealing further details of the 2024 edition soon.

As always, it’s set to be a must-attend fixture for all those who want to stay plugged in to the evolving preferences and behaviours of travelling consumers. You can register your interest by clicking the button below, if you haven’t already done so.

TRCF 2024 Register Your Interest

TR Sustainability Week in September was a resounding success, with a week’s worth of compelling content encompassing live webinars, Sustainability Pitch sessions, exclusive video interviews and an entire e-zine packed with news and analysis devoted to the topic.

Furthermore, the Global Travel Retail Awards ceremony in Cannes was the biggest and best yet, welcoming almost 300 guests for a glittering affair.

Relive all the best moments from the 203 Global Travel Retail Awards in the video below

Global Industry Suuvey 2024TRBusiness and m1nd-set would once again like to congratulate all those who were recognised. We encourage recipients of the Winner, Highly Recommended and Finalist accolades to capitalise on their success by utilising the ‘Voted by Shoppers’ logo on their packaging, in their marketing/promotions and at the point of sale – it really can help to make a tangible effect on sales.

Finally, we encourage stakeholders at all levels to take part in the Global Industry Survey.

Our revered annual state-of-the-industry report is marking its 20th anniversary year in 2024 and your contribution is vital for providing exert insight for the benefit of the industry as a whole.

As we set our sights on a fruitful 2024, we wish you a year filled with continued growth and success.

READ MORE: TR Consumer Forum delegates up 34% on 2022

READ MORE: Register your interest for the upcoming TR Consumer Forum in June 2024

READ MORE: Sustainability Pitch sessions: The results

READ MORE: Awards make an impact: “We received requests for new listings immediately”

READ MORE: Global Industry Survey 2024 now live: Make your voice heard

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