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Hainan expected to be world's biggest duty-free market in two years

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Customers shop at a duty-free mall in Sanya, South China's Hainan Province. -cnsphoto
HAINAN (Global Times): Hainan, the tropical resort destination known as China's Hawaii, is on track to become the biggest duty-free market in the world in the next two years, a report released on Friday (May 7) showed.
It illustrated how China's policy of building a world-class shopping haven has converted overseas shopping to domestic consumption, strengthening the plan of building Hainan into a free trade port on par with Dubai and Singapore.
The report, jointly released by KPMG China and Moodie Davitt Report at the ongoing China International Consumer Products Expo (CICPE), said Hainan's offshore duty-free sector has been "the rising star" of global duty-free and travel retail since its inception in 2011.

Rising star'Hainan to be world's biggest duty-free market in 2 years: KPMG joint report

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SOURCE / ECONOMY
By GT staff reporters Published: May 07, 2021 10:33 PM
Customers shop at a duty-free mall in Sanya, South China's Hainan Province. Officials from Hainan said on Monday that sales of duty-free goods amounted to nearly 100 billion yuan ($15 billion) in the past 10 years, and the number of shoppers exceeded 25 million. Duty-free sales account for about 40 percent of Hainan's domestic tourism revenue. Photo: cnsphoto
Hainan, the tropical resort destination known as China's Hawaii, is on track to become the biggest duty-free market in the world in the next two years, a report released on Friday showed, illustrating how China's policy of building a world-class shopping haven has converted overseas shopping to domestic consumption, strengthening the plan of building Hainan into a free trade port on par with Dubai and Singapore.

BTS, TWICE, TXT, And More Join 31st Lotte Duty Free Family Concert Lineup

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Lotte Duty Free announced plans for their upcoming concert!
On April 20, Lotte Duty Free revealed that they are holding the 31st Lotte Duty Free Family Concert on May 16 at 5 p.m. KST. Similarly to last year, the event will be held online. The lineup for the upcoming concert includes Super Junior D&E, BTS, TWICE, ITZY, and TXT. The special stage MC will be Super Junior’s Shindong.
This year’s concert slogan is “Meet the green vibes, greet the duty free life,” and it encourages people to protect the planet in order to protect traveling. The event will be filmed in advance and broadcasted online with subtitles available in six languages including Korean, English, Chinese, and Vietnamese. Lotte Duty Free will be working with CJ ENM to use the latest AR (augmented reality) and XR (extended reality) technology so that the performances will feel more vivid and viewers can have an enjoyable experience online.

'Non-landing tourist flights' drive Lotte Duty Free sales

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‘Non-landing tourist flights’ drive Lotte Duty Free sales
April 19, 2021
Passengers on the flights, which take off and land at the same airport are spending an average of 1.2m won
Non-landing tourist flights, which see travellers take off and land at the same airport, are driving sales for
Lotte Duty Free.
Passengers on the flights are spending an average of 1.2m won ($1,075) in Lotte Duty Free stores; the 1,600 non-landing travellers who used the stores in March was three times the number recorded in December. Sales have also increased 180% since the flights began, and sales in March were up 25% on the previous month.

Penfolds hosts Shiraz wine appreciation sessions at Singapore Changi Airport

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Thursday, 1 April 2021 10:19
Penfolds’ Shiraz wines include the 2017 Bin 28 Kalimna Shiraz, the 2018 Bin 128 Coonawarra Shiraz, the 2017 Bin 150 Marananga Shiraz, the 2017 RWT Bin 798 Barossa Valley Shiraz and the 2015 Grange.
More than 100 wine lovers attended the Penfolds ‘All About Shiraz’ wine appreciation sessions held at Changi Airport over the weekend of March 13 and 14.
The six sessions were fully registered, and guests included the airport’s Changi Rewards loyalty programme members.
Sam Stephens, Brand Ambassador for Asia, Penfolds said: “The exclusivity of a Penfolds premium wine tasting experience, held inside the world’s best airport, was definitely a unique opportunity for frequent flyers and for me personally.

Lotte Duty Free expands customer communication


Lotte Duty Free expands customer communication
Lotte Duty Free (
LDF) is expanding its customer outreach and communication with a revamp of its magazine offering.
The retailer is targeting a reach of 2.1 million subscribers as it releases five new versions of the magazine which spreads K-Culture, looks at trends for duty-free shoppers, announces events and provides coupons to be used in Lotte stores.
The new versions of the magazine will be published in
English,
Japanese and
Vietnamese to increase its global appeal. The publication already boasts 800,000 domestic subscribers and 1.8 million globally, which it aims to increase to 2.1 million by the end of the year.

Lotte to host third Luxe Mall broadcast to meet the demand for luxury goods

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Wednesday, 17 March 2021 12:17
More than 60 items will be available for sale during Lotte Duty Free’s next Luxe Mall live broadcast.
Lotte Duty Free is to hold its third Luxe Mall live broadcast on 18 March 2021 to meet the demand for luxury goods from Korean consumers.
The inaugural live broadcast took place on 4 February 2021 and had a strong impact, with products such as Jimmy Choo’s Romy 85 and Romy 60 shoes selling out.
More than 60 items from Chloé, Bally, Marc Jacobs and Stuart Weitzman will be for sale in tomorrow’s live broadcast.
Best-selling products at discounts of up to 72% will be available for purchase under the theme ‘Last One Chance’.

Lotte Duty Free to hold third Lux Mall Live event

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Lotte Duty Free to hold third Lux Mall Live event
Lotte Duty Free is set to hold another of its online Lux Mall Live events.
The third digital, live shopping event will take place tomorrow and will feature more than 60 items from brands such as
Chloé,
Stuart Wightsman, with the theme of Last One Chance.
The average discount for the products will be 68% and the event can be accessed through the Luxemall app. Lotte Duty Free says the series of shopping events, which is set to continue with a fourth Lux Mall Live later this month, reflects the demand from Korean shoppers for luxury goods in a duty-free market.

Penfolds set to continue roll-out of inaugural California Collection in DF&TR

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The four new Californian wines have been available in the channel since 4 March 2021.
Australian winemaker Penfolds is in the midst of organising tastings with various duty free retailers as it looks to roll-out the California Collection in further DF&TR locations.
The four new Californian wines
(2018 Quantum Bin 98 Cabernet Sauvignon —RRP $700; 2018 Bin 149 Cabernet Sauvignon — RRP $149 — 2018 Bin 704 Cabernet Sauvignon — RRP $70; and 2018 Bin 600 Cabernet Shiraz — RRP $50) have been available in the channel since 4 March 2021.
Singapore Airlines (KrisShop), Lotte Duty Free
(Changi Airport and iShopChangi), Gebr. Heinemann
(Sydney Airport), China Duty Free Group
(Hainan Tourism Duty Free Shopping Complex) and CDF-Lagardère (
Hong Kong International Airport) were among the first travel retail listings.

Incheon aims at 'normalising' duty free business after T1 tenancies expire

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Incheon International Airport Corporation (IIAC) says it is working closely with duty free businesses to smooth existing services after Lotte Duty Free's and

Lotte Duty Free: More benefits for passengers on 'flights to nowhere'

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Monday, 1 March 2021 12:27
Lotte Duty Free has partnered with seven airlines including Korean Air to deliver retail incentives on non-landing international tourism flights.
Lotte Duty Free customers are being offered extra incentives to spend on so-called ‘flights to nowhere’.
As reported, Lotte Duty Free has already teamed up with a variety of domestic airlines including Air Busan, t’Way, Jeju Air and Air Seoul to offer duty free shopping benefits.
The Korean travel retail giant has since revealed that it has partnered with seven airlines, including
Korean Airand Asiana Airlines, to deliver retail incentives on non-landing international tourism flights.
In March, passengers can receive up to KRW600,000/$723,000,000 through LDF Pay depending on the purchase amount in-store, with online customers receiving discounts totalling $1,550. This includes up to $540 of affiliated money at Lotte Internet Duty Free.

Incheon temporary plan for T1 to come into force in March

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Shinsegae, Hyundai and Kyung Bok Kung Duty Free will now operate part of T1 duty free sections

Incheon temporary plan for T1 to come into force in March

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Shinsegae, Hyundai and Kyung Bok Kung Duty Free will now operate part of T1 duty free sections

Lotte expands duty-free 'flights to nowhere' as demand increases

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South Korean travellers are spending on average 2.5 times more on such flights than they did pre-Covid 19

Lotte Duty Free to hold second Luxe Mall live broadcast on 24 February

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The second Lotte Luxe Mall live broadcast will take place on 24 February.
Lotte Duty Free is to hold a second Luxe Mall live broadcast on 24 February 2021 following the success of the inaugural event earlier this month.
According to the retailer,
t
he first live broadcast had a strong impact with products such as Jimmy Choo’s Romy 85 and Romy 60 shoes selling out.
More than 60% of customers purchasing products were from outside Seoul and there was a high demand from customers who were unable to directly visit offline domestic Customs clearance stores.
A Lotte Duty Free Spokesperson said: “On the day of broadcasting, the number of Luxe Mall visitors increased by more than 3.8 times compared to the average.

Lotte to hold second live sales broadcast after launch success

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The first broadcast attracted 3.8 times more customers than the average visitors to the website

Incheon planning temporary stores as T1 contracts near expiry

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Incheon planning temporary stores as T1 contracts near expiry
Shinsegae, Hyundai and Kyung Bok Kung Duty Free stand to benefit from the new plan
Incheon Airport is preparing a temporary operation plan for the beleaguered Terminal 1 concessions, as previous contracts stand to expire at the end of February.
Speaking to
DFNI, Incheon confirmed that the temporary plan includes companies who are already operating duty-free concessions at Terminal 1 – namely
Shinsegae Duty Free, Hyundai Duty Free and
Kyung Bok Kung Duty Free (previously known as
Entas Duty Free).
Korea Customs Service, Incheon noted.
According to local media reports, Shinsegae Duty Free is expected to operate temporary stores in DF3 (liquor, tobacco, food, currently occupied by

Incheon planning temporary stores as T1 contracts near expiry

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Shinsegae, Hyundai and Kyung Bok Kung Duty Free stand to benefit from the new plan

Lotte Duty Free ramping up duty-free offering on flights-to-nowhere

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This type of flights have been increasing in South Korea since their launch last December

Lotte Duty Free shoppers benefit from special offers on 'flights to nowhere'

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Passengers on so-called 'flights to nowhere' are being given the chance to avail themselves of exclusive duty free discounts courtesy of Lotte Duty Free. Lotte

EXO Chanyeol Trends on Twitter as K-Netz Ask for Clarification over Alleged Cheating

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By
Feb 04, 2021
Earlier, K-Netz trended a hashtag calling out EXO Chanyeol, who was accused of cheating by a netizen who claimed to be his ex-girlfriend.
EXO Chanyeol, who was embroiled in a cheating controversy in 2020, trended on social media as more internet users asked for clarifications and an official statement from him regarding the issue.
In October last year, an online community user "A," who claimed to have dated the singer-actor for three years, posted a lengthy message and images as proof that the male idol is her ex-beau. "A" then claimed that Chanyeol had an inappropriate relationship with at least 10 women while they were still dating, including girl group members, YouTubers, BJs, and airline crews.

Cities the ticket for duty-free stores

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Cities the ticket for duty-free stores
09:00 | 28/01/2021
Vietnam’s duty-free retail is emerging as a new attractive investment channel for both local and foreign investors as they ramp up efforts to capitalise on domestic consumption and tourism.
Duty-free shops are traditionally found at airports, but downtown chains are now considered a prime option that can offer more enticing products
Last December, South Korean powerhouse Lotte Duty Free inked a deal with Vietnamese Imex Pan Pacific Group (IPPG) to run a downtown duty-free store in Hanoi. Covering an area of around 1,600 square metres, the new store is located on the sixth floor of the Trang Tien Plaza, which is slated to open at the end of the year.

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