Duty Free World Council is the global voice for the duty free and travel retail Industry.The industry’s regional associations from around the globe have come together to form the Duty Free World Council (DFWC) in order to highlight the importance of the duty free and travel retail industry in generating significant levels of employment and in providing vital revenues for the aviation, travel and tourism and maritime sectors.
Duty Free World Council initiates Study
The DFWC has commissioned consultants Harry Bush and Daniel Storey to develop and build a global Industry Database for duty free and travel retail, to develop an Industry Profile and the first of a series of Economic Impact Studies detailing the economic and social contribution of our industry to tourism, to economic development, to employment and to the development of SMEs into …
TRBusiness featured interview: Frank O’Connell, Duty Free World Council
Doug Newhouse catches up with Frank O’Connell, President of the World Duty Free Council. Eighteen months into his role, Frank reflects on the challenges that the council faces in protecting and promoting the global duty free and travel retail industry.
What is Duty Free & Travel Retail?
Duty free & travel retail is a global industry that encompasses the sale of goods to international travellers. Duty free shops are exempt from the payment of certain local or national taxes and duties, normally with the requirement that the goods are only sold to travellers who will take them out of the country. Products that can be sold duty free vary by jurisdiction and different rules based on duty calculations, allowance restrictions and other factors.
Airports represent the majority of such sales globally but duty free & travel retail is also available at border shops (under certain conditions, usually requiring the purchaser to spend a minimum amount of time outside the country), cruise & ferry shops on vessels in international waters, onboard aircraft during international flights, at some international railway stations and for the provisioning of ships sailing in international waters. It can also include downtown stores where proof of travel is required to purchase.