Hainan’s offshore duty free sector, fresh from a record-breaking 2021, got off to a positive start in 2022 with sales hitting CNY600 million (US$90.1 million) during the three-day New Year’s holiday period, a +9.7% rise year-on-year.
For the period 1-3 January, around 739,000 items were purchased at the island’s various duty free stores, up +9.7% year-on-year.
Haikou Customs revealed that on New Year’s Day alone, the island’s duty free stores attracted 18,200 visits, up +9.9%. Average transaction value reached CNY8,917 (US$1,398), an encouraging +17.3% gain year-on-year.
Hainan has five duty free retailers – China Duty Free Group, CNSC, Hainan Tourism Investment Duty Free Co (which runs Hainan Tourism Duty Free Shopping Complex), Hainan Development Holdings (Global Premium Duty Free Plaza) and Shenzhen Duty Free (Times DF in Mission Hills Haikou) – operating across ten locations, collectively offering over 720 brands across some 220,000sq m of shopping space.
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