This week, the great and good of the global travel retail industry will flock to Singapore’s spectacular Marina Bay Sands Hotel for the annual TFWA Asia Pacific Exhibition & Conference. While the setting might be dazzling, the mood among attendees is likely to be downbeat.Several headwinds are buffeting the region as the slow recovery of Chinese international travel, widespread economic uncertainty and supply chain problems take their toll.Granted, international air traffic is picking up across Asia, but market challenges remain. Take the Chinese island province of Hainan, for instance.
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