Duty-free discounts fueling greater travel spending By HE WEI and MA ZHIPING in Haikou | China Daily | Updated: 2021-05-10 07:04 Share CLOSE Visitors cluster around an 88-carat black diamond encased in a glass pyramid at the China International Consumer Products Expo in Haikou, Hainan province, on Saturday. [Photo/China Daily]
Duty-free shopping in China is bolstering consumer spending with a spate of policies driving retail sales, and industry players are not shying away from forecasting more gains after the sector s stellar growth in the past year.
Brands from home and abroad are flocking to introduce new products and exclusives for travel retailers during the China International Consumer Products Expo in Haikou, capital of Hainan province, where incentives like zero import taxes and shorter negative lists are fueling business optimism.
Nestle launches 29 new products in China By He Wei and Ma Zhiping in Haikou, Hainan province | chinadaily.com.cn | Updated: 2021-05-08 14:12 Share CLOSE Visitors take a look at KitKat chocolates at Nestle s booth at the first China International Consumer Products Expo in Haikou, Hainan province, on May 8. [Photo by He Wei/chinadaily.com.cn]
Global food and beverage giant Nestle is debuting 29 products in China at the first China International Consumer Products Expo, demonstrating its continued commitment to the local market.
Highlights include the introduction of Vital Proteins, a brand under Nestle Health Science known for fitness and nutritious food offerings, as well as Nestle International Travel Retail, a business unit providing confectionary brands in limited portfolios and packaging exclusive to travel retail channels, such as airports and cruise ships.
Friday, 12 March 2021 16:43
Travel Retail Sustainability Week, the industryâs first virtual event dedicated completely to sustainability, runs from 19-23 April.
A special webinar focusing on developments in sustainable packaging and single-use plastic alternatives will be held during Travel Retail Sustainability Week (19-23 April).
The ‘Wrap it up’ session will take place on
Tuesday 20 April between 14:00 – 15:30 (GMT) and promises to be a revealing and in-depth inspection of eco-friendly alternatives.
From biodegradables and oxo-biodegradables to compostables and even solubles… brands, retailers and travel partners are faced with a myriad of options plus conflicting messages about the sustainable replacements to single-use plastics.
Companies large and small from around the world are proposing a host of solutions that are designed to be more protective of the planet.