Asia Pacific Travel Retail Association seeks rescue package from government
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
The Asia Pacific Travel Retail Association (APTRA) is calling on governments in over 45 countries across the region to support 320,000 local and front-line employees in the region by including the duty-free and travel retail industry in the same financial support packages as airlines, airports and maritime industries.
Over 320,000 local jobs across the Asia Pacific region and a USD 36 billion industry are at risk of being overlooked by politicians as they devise financial rescue measures to cope with the Covid-19 crisis.
Airport retail and commercial services, including food and beverage, constitute a crucial business sector providing up to 60% vital commercial income for airport owners, outpacing aeronautical revenue streams. It is the most significant direct contributor to the investment in Asia-Pacific’s aviation infrastructure and ongoing development of world-class national gateways, the region’s hubs to the world.
Grant Fleming, president of APTRA said: “The dynamics of duty-free and travel retailing are intrinsically linked to the aviation and maritime industries, and its viability is entirely dependent on the return in passenger traffic.”
Comments are closed.