The Moodie Davitt Report Founder & Chairman Martin Moodie gave the closing keynote address during the fifth annual Luxury Symposium event hosted by the French Chamber on 21 April in Hong Kong which was broadcast worldwide.

The Luxury Symposium annually gathers over 200 high-level speakers and participants, presenting thought-provoking talks and discussion on the state of the luxury industry.

Moodie’s presentation, entitled ‘Hainan — The Lighthouse of Travel Retail’, highlighted the growing importance of Hainan to the global travel retail industry amid the context of the COVID-19 crisis. It also placed particular emphasis on the island’s enhanced offshore duty free shopping policy, the related liberalisation of allowances across categories and the recent proliferation of duty free licences.

It also underscored Hainan’s crucial role in the Chinese government’s dual-cycle approach to maximising domestic consumption and repatriating spend by Chinese travellers abroad.