CHINA. The Moodie Davitt Report and KPMG China this week jointly launched the 2024 Hainan Travel Retail Market Whitepaper.
This extensive report, unveiled at the fourth China International Consumer Products Expo (Hainan Expo) in Haikou yesterday, offers a deep analysis of the Hainan travel retail business both within a China and global context.
With the 2025 ‘seal off’ of the island province approaching, the Whitepaper examines the repercussions for tourism-related retail.
The challenges and opportunities are presented and analysed in this key 40-page report, available to all readers of The Moodie Davitt Report on a complimentary basis via the link on this page.
The 2024 Whitepaper was officially launched by KPMG and The Moodie Davitt Report yesterday at the China High-end Consumer Goods Development Forum hosted by Hainan Daily Press Group and organised by Hinews – The Moodie Davitt Report’s strategic partner in Hainan province.
The Moodie Davitt Report Founder & Chairman Martin Moodie told the audience: “The Moodie Davitt Report is proud to have again collaborated once more with KPMG China to produce a special White Paper dedicated to the Hainan offshore duty-free sector and Free Trade Port programme.
FOR OUR READERS IN CHINA
“KPMG is a renowned organisation of great global repute so it’s a special honour to work alongside them.
“Previous Whitepapers have underlined the extraordinary success of Hainan’s offshore duty-free programme introduced in 2011, and once more we celebrate that achievement, which as I have also said on many, many occasions ranks as the most far-sighted, consumer-orientated and business-supporting policy in the history of the global duty-free and travel retail sector.”
Later he noted: “The report concludes with a look at the trends that will drive Hainan’s offshore travel retail future – through a 2025 and beyond lens of course.
“We have been committed to Hainan and its offshore duty-free market since 2011. I have watched its development with a combination of admiration and astonishment and like others I have been delighted to see it stimulate the global travel retail market in the way it has, particularly during the dark days of COVID.
“We set up our own office here in Haikou last year headed by our Chief China Representative Zhang Yimei and now have a four-person team with plans to develop our unrivalled coverage further and help in our mission to bring China to the world and the world to China.” ✈
*With special thanks to Generation Research, whose support of The Moodie Davitt Report’s contribution to the Whitepaper was invaluable.
