Why did the largest commercial complex under LVMH’s DFS settle in Yalong Bay, Sanya?

Hainan remains the operational core of China Duty Free Group (CDFG). Revenue from the Hainan region increased by 14.3% year-on-year to 39.65 billion RMB, contributing 58.7% to the company’s total revenue.

2024 will be a decisive year for the travel retail market.

In the fourth quarter, revenue reached 16.739 billion yuan, representing a year-on-year growth of 11.09%.

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.

Chinese consumers’ enthusiasm for purchasing luxury goods overseas is gradually rekindling. However, factors such as increased overseas travel costs and further improvements in the domestic luxury goods consumption environment have prevented overseas luxury shopping from returning to pre-pandemic levels.

In terms of average spending, Chinese tourists had the highest expenditure at 1541 euros (+14%).

The overall growth of the high-end beauty business in mainland China has slowed down, as evidenced by the current pre-sale stage data for the Double Eleven shopping festival.

Luxeplace.com, based on 181 valid questionnaires collected firsthand, has specially created 5 charts.