TFWA China Reborn: Understanding Chinese Duty Free & Shoppers

release time:2021-01-18

By Chris Madden

December 3, 2020

On December 3, Gao Feng Advisory's CEO Dr Edward Tse was quoted by TFWA in their press release 

“You should continue to look very seriously at the China market and understand Chinese consumer needs,” Gao Feng Advisory Founder Edward Tse told delegates.

While the travel retail sector has long revered the spending power of Chinese shoppers, Tse suggested that their strength has only grown following the pandemic.

The IMF is predicting China will buck the global trend and record positive GDP growth for 2020 and Tse says that positive economic news is reflected in the country being a rare “bright spot” for the travel industry thanks to domestic tourism.

However, he does not believe that spend will remain trapped within China, which makes understanding Chinese consumers all the more important.

How will shoppers change patterns of consumption as they travel outside of China?

“One would expect there will be more outbound travel from China to other parts of the world,” Tse reflected. “For many of your members, thinking through how many of those travel patterns will evolve over time and Chinese consumers become more mature, how will they change patterns of consumption as they travel outside of China?”

Wechat Official Account: EdwardTse_GF

Dr. Edward Tse

CEO of Gao Feng Advisory

Gao Feng Advisory 

Gao Feng Advisory Company is a professional strategy and management consulting firm with roots in China coupled with global vision, capabilities, and a broad resources network

Wechat Official Account:Gaofengadv

Shanghai Office

Tel: +86 021-63339611

Fax: +86 021-63267808

Hong Kong Office

Tel: +852 39598856

Fax: +852 25883499

Beijing Office

Tel: +86 010-84418422 
Fax: +86 010-84418423



Weibo: 高风咨询公司

Share this:

Home>PUBLICATIONS>Media Mentions>正文