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12:00 noon-1:00 pm EDT

Thursday,

September 29, 2022

TRAVEL RETAIL:

THE GREAT SHIFT

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Talk about a roller coaster! There hasn't been a wilder ride since the onset of the COVID pandemic than the travel and entertainment industry, both of which were devastated and essentially shut down for much of the last two years.

 

With the recovery underway, the spending categories that carried us through the pandemic are essentially dead. Travel and entertainment are now the beneficiaries of consumer spending shifts.

 

Canceled and delayed flights, along with early check-ins, mean travelers are spending more time in airports, with increased time for shopping and dining. Airport renovations in the U.S. (think LaGuardia) are following the European model so that travelers will navigate the retail spaces before arriving at the gate. This is a major change from the current U.S. model that concentrates on movement from curb to plane, with retail spaces as an afterthought. 

Join us as our panel of Subject Matter Experts examine a number of critical issues, including:

  • What has the recovery been like for companies competing in modes of travel and transportation (e.g., airlines, cruise ships, hotels)?

  • Has the recovery been different in the U.S. compared to other parts of the world, specifically Europe and Asia?

  • What are the expansion opportunities for brands/retailers looking to engage the traveling consumer?

  • How has the war in the Ukraine and other geo-political issues impacted the travel sector?

  • What will it take for the travel and entertainment industries to return to “normal” or will there be a “new normal”?

SUBJECT MATTER EXPERTS

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Melvin Broekaart

Director Global Travel Retail

Rituals Cosmetics

Having worked in duty free & travel retail for almost two decades, Melvin boasts a wealth of experience gained from leadership roles at Aircommerce Group, Heineken and Philips. A renowned innovator and expert in airport

commerce, Melvin is a member of the TFWA Management Committee and joined wellbeing beauty brand Rituals Cosmetics in June 2021. As Director Global Travel Retail, he is responsible for delivering the brand’s vision of connecting with travellers across every point of their journey. Melvin holds a Master’s degree in International Strategic Marketing and is an alumnus of Erasmus University / Rotterdam School of Management, and of Fundação Getulio Vargas, São Paulo, Brazil.

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Earl Heffintrayer, CFA

 Vice President/Senior Credit Officer

Moody’s Investors Service

Earl is the U.S. airport sector lead analyst and covers a diversified portfolio concentrated in transportation Following unprecedented decline in travel caused by the COVID-19 outbreak, Earl leads a task force at Moody’s that coordinates research globally on the many industries impacted by the recovery of travel and tourism.

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Fees:

RMS Members: $10 

Guests: $50*

Date:  Thursday, Sept. 29, 2022

 

Time: 12:00 noon-1:00 pm EST

Location: 

Dail-in instructions will be emailed  prior to the event.

* If you're not an RMS member, now is the time to join. Join now. 

Benefits of membership include: reduced rates on webinars, meetings and conferences; complimentary attendance at our Roundtable online discussions; "Top Takeaways"-capsule summaries of most meetings and webinars; Membership Directory for networking purposes; and Face to Face Fridays, a bi-monthly online networking session for members only.

 Prior to joining Moody’s in June, 2011, Earl worked at the Port Authority of New York and New Jersey where he primarily analyzed alternative capital project delivery methods. Earl began his career as a civil engineer on large infrastructure projects in the New York City region. Earl is a CFA charterholder. Earl holds a BS in Civil and Environmental Engineering from the University of Rhode Island and an MBA from Stern School of Business at New York University.

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 Upon joining The Luxury Marketing Council in 2010 as Chief Marketing Officer, Chris ran new business development and collaborations and sponsorships for member brands. In 2011 he founded the company's millennial division, The Young Luxury Marketers' Council.

Chris is a serial entrepreneur. He opened automotive dealerships that procured high-ticket vehicle financing. In addition, Chris created an acceptance of legal street racing and built an organization of more than 500 street-racers on the east coast; built a high-fashion modeling agency that engages intelligent and beautiful models to promote luxury products and services at exclusive special events; launched a consulting practice that specialized in helping local businesses start-up, grow and market their products and services. He is a sought-after authority on the changing luxury market and customer, as well as the latest trends in technology, strategies and tactics for selling to the ultra-high-net-worth customers.

MODERATOR

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Marie Driscoll

Managing Director, Luxury & Fashion

Coresight Research, Inc.

BONUS SESSION

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Patrick McKeever, Jr.

President & Founder

The Daily on Retail

Patrick has followed retail for more than 20 years. Prior to founding Wall Street 313 LLC and The Daily on Retail in late 2018, he spent 11 years as a managing director, senior analyst and consumer sector head at MKM Partners. He has received a number of professional awards, including 2nd place in Multiline Retail for both 

stock picking and earnings estimation in the 2016 Thomson Reuters poll. He was awarded Top Stock Picker in Multiline Retail in the same poll, has been recognized in the Greenwich survey and has performed well in the institutional money manager voting process. He appears on CNBC and other networks to discuss retail and has been quoted extensively by industry publications and the financial press. Patrick started his career in equity research at Credit Suisse in New York.