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Hainan duty free sales soar +156% during Spring Festival to US$305 million

02/10/2022|6:39:02 PM|

The number of duty free items purchased grew by +157% to 1,815,800.

China’s Hainan duty-free revenue hits $9.47 billion in 2021

01/05/2022|12:10:42 PM|

The number of visitors who visited the island in 2021 rose 73% to 9.67 million.

Hainan offshore duty free sales hit US$94 million over three-day New Year’s holiday

01/07/2022|3:14:48 PM|

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.

GlobalData predicts Asia’s duty-free market will recover by 2023

12/28/2021|7:22:31 PM|

Offshore duty free sales in Hainan province in the first 11 months of 2021 rose by +90.5% year-on-year to US$6.9 billion.

IHG partners China Duty Free Group to introduce its brand Regent to Hainan

12/20/2021|2:02:55 PM|

The two hotels are expected to open in 2026.

China Duty Free Group to fully acquire China CTS Asset Operations

12/17/2021|6:40:26 PM|

The move is to mitigate peer competition and minimise and eventually eliminate business overlap.

Hainan cracks down on daigou traders to protect duty free trade

12/09/2021|12:20:10 PM|

Appropriate disciplinary action will be taken against people and organisations breaching regulations.

China Duty Free gets HKEX approval for $5 Billion IPO

11/18/2021|4:22:29 PM|

The company’s Shanghai shares fell as much as 1.9% on Wednesday.

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