Ultra-high-net-worth (UHNW) tourists represent only 0.1% of tax-free shoppers, yet contributed 13% of total tax-free spending over the past 12 months.
The duty-free store revenue at Beijing airports (including Capital International Airport and Daxing International Airport) increased by more than 140% year-on-year.
Kering On June 7, French luxury giant Kering appointed […]
Why did the largest commercial complex under LVMH’s DFS settle in Yalong Bay, Sanya?
Before the outbreak of the pandemic, Chinese travelers accounted for 4% of passengers at Dubai International Airport but contributed to 17% of the sales revenue in Dubai Duty Free.
The cdf Sanya International Duty-Free City primarily focuses on high-end fragrances and beauty products, introducing a total of 132 fragrance brands.
In terms of average spending, Chinese tourists had the highest expenditure at 1541 euros (+14%).
Wangfujing’s duty-free business generated revenue of ¥136 million with a gross profit margin of 13.46%. Currently, it accounts for 2.05% of the total revenue.
China Duty-Free Group launches the fifth edition of the Offshore Duty-Free Shopping Festival in Sanya, with the event running from June to October.
Gree Real Estate’s acquisition of Zhuhai Duty-Free for nearly 9 billion yuan marks its foray into the tax-free industry, paving the way for a consumer industry centered around tax-free businesses.
