CHINA. Welcome to the February edition of The Moodie Davitt Magazine, the centrepiece of which is our Hainan Special Report, focusing on the rise of the offshore duty free business and its implications for the wider travel retail industry.
We provide in-depth commentary and analysis on the seismic impact of the new offshore duty free policy rules in Hainan since 1 July 2020, and assess how these are influencing the growth of categories from beauty to fashion & accessories to wines & spirits.
We speak to all of the major players for their views on the market today and ask them how tomorrow might look, against the backdrop of the Chinese government’s drive to retain travel spending at home, and the provincial government’s ambitions to establish Hainan as a centre for tourism and commerce.
We examine how Hainan has become the ‘lighthouse of travel retail’ today, look at how the market operates and ask key questions about what the future holds.
What will the recent retailer proliferation spell and who will be the winners? What does the fact that the whole island becomes duty free in 2025 mean for travel retailers? How much will Hainan’s grip on the Chinese travel shopping spend loosen once international travel is normalised? For brand companies, is Hainan domestic or duty free business and whatever the answer how should the channel be best handled?
We address these questions with the major retailers but also with our many local and regional partners across diverse fields who know and understand the market. Their combined views of the opportunities and the challenges facing the business makes, we believe, for a compelling and in-depth review of this exciting, emergent market.
Please enjoy this edition of The Moodie Davitt Magazine with our compliments.
