Home > > Stuck in China, consumers are spending millions for luxury goods in Hainan

Stuck in China, consumers are spending millions for luxury goods in Hainan

10/09/2021| 11:23:25 AM|

Sales at nine duty-free shops in the southern island province of Hainan totaled nearly $252.3 million from Oct. 1 to 6.

Chinese consumers opened their wallets to shop during the week-long National Day holiday that ended Thursday, even as travel numbers fell compared to the previous year.

Sales at nine duty-free shops in the southern island province of Hainan totaled nearly RMB 1.64 billion (USD 252.3 million) from Oct. 1 to 6, according to state media. That marked an increase of 75% from the same period in 2020, and more than four times more — or a 359% jump — compared to the same period in 2019, the report said.

Hainan has become a popular destination for Chinese shoppers who used to travel overseas before the pandemic to buy luxury goods.

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TAGS: National Day holiday | luxury good
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