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


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.

Hainan-province , Hainan , China , Dubai , Dubayy , United-arab-emirates , Singapore , Beijing , South-korea , Hawaii , United-states , Chinese

Hainan FTP to become world's largest duty-free market: report - Buz & Tech News


2021-05-08 13:00:52 GMT2021-05-08 21:00:52(Beijing Time) Xinhua English
HAIKOU, May 8 (Xinhua) -- The Hainan free trade port (FTP) will likely become the world's biggest duty-free market in the near term if it continues on its current growth curve, according to a report jointly released by KPMG China and The Moodie Davitt Report.
By the end of 2020, offshore duty-free business in Hainan was worth approximately 5 billion U.S. dollars, boosted by an enhanced shopping policy, said the report. It was released on the sideline of the ongoing inaugural China International Consumer Products Expo.
In July 2020, the province increased its annual per capita duty-free shopping limit from 30,000 yuan (about 4,638 U.S. dollars) to 100,000 yuan.

China , Hainan , Xinhua , China-international-consumer-products-expo , Moodie-davitt , China-international-consumer-products , சீனா , ஹைனன் , சீனா-சர்வதேச-நுகர்வோர்-ப்ராடக்ட்ஸ்-எக்ஸ்போ , மனநிலை-டேவிட் , சீனா-சர்வதேச-நுகர்வோர்-ப்ராடக்ட்ஸ்

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


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.

Hainan-province , Hainan , China , Dubai , Dubayy , United-arab-emirates , Singapore , Beijing , South-korea , Hawaii , United-states , Chinese

Island's duty-free shopping sees blowout growth under fine-tuned policies--China Economic Net


A woman tries out a lipstick at a cosmetics store at the CDF Mall in Sanya, Hainan province. MA ZHIPING/CHINA DAILY 
 
China's enhancement of offshore duty-free shopping policies has boosted the growth of local tourism consumption and trade in South China's Hainan province and promoted the construction of the Hainan international tourism consumption center, said officials with the provincial government.
 
Hainan has sold about 98 billion yuan ($15 billion) in duty-free goods in the past 10 years. At that time, more than 25 million people shopped and about 120 million items were sold, according to a recent news conference marking the 10th anniversary of offshore duty-free shopping in the tropical island province.

China , Feng-fei , Guangdong , Hainan , Hainan-island , Zhiping , Sichuan , Chinese , Huang-tingting , Fu-bo , Martin-moodie , China-post

IAADFS and ASUTIL reflect on 2021 virtual Summit of the Americas

IAADFS and ASUTIL reflect on 2021 virtual Summit of the Americas
trbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trbusiness.com Daily Mail and Mail on Sunday newspapers.

Sean-donohue , Luis-donagaray , Michael-payne , Dallas-fort-worth-international-airport , Moodie-davitt , Secretary-general , Knowledge-hub , Exhibition-hub , Engagement-lounge , சீன்-தோனொுே , மைக்கேல்-பேந் , டல்லாஸ்-கோட்டை-மதிப்பு-சர்வதேச-விமான

Airport concessionaires chart new course amid aviation challenges


The virtual Summit of the Americas ran from 5-9 April.
The fragility of airport concessions and need for a future-proofed business model steered an airport retail and F&B panel discussion during last week’s virtual Summit of the Americas (5-9 April).
Attendees to the ‘What Does Recovery Look Like in the Airport Concessions Business’ session heard from a panel of industry leaders.
Recovery, revival and survival underpinned the frank but cautiously optimistic commentary, with panellists agreeing that the absence of a confirmed critical path back to full operation continues to stymie the forward planning process
Opening the discussion, Pat Murray, Executive Vice President, SSP America said: “We used to be in a business [where] the analytics we used were annual results. Now, we’re talking about days or ‘parts of days’.”

United-states , Philadelphia , Pennsylvania , America , Pat-murray , Carlos-bernal , Dermot-davitt , Judith-byrd , Brian-quinn , Founder-of-byrd-retail-services , America-at-philadelphia-international-airport , Byrd-retail-group

Buoyant cruise outlook but retail must get shipshape, hears Americas Summit

Buoyant cruise outlook but retail must get shipshape, hears Americas Summit
trbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trbusiness.com Daily Mail and Mail on Sunday newspapers.

Germany , Italy , Australia , United-states , Bahamas , The , Australian , American , Nadine-heubel , Mark-birnie , Lisa-bauer , Heinemann-america-heubel

Border DF operators embrace digital ahead of anticipated 'surge' in traffic


Thursday, 8 April 2021 13:17
Americas border duty free operators are preparing for a surge in business as the recovery from the coronavirus (Covid-19) pandemic continues.
The impact of Covid-19 on border businesses across the US and the Americas was among the topics discussed during a webinar entitled “Rebuilding the Border store Business from North to South, which took place on day three of the virtual Summit of the Americas (5-9 April).
An expert panel consisted of Marcelo Montico, CEO, Neutral by Luryx Duty Free Shop, Jerome Falic, CEO, Duty Free Americas and Justin Guay, Vice President. IGL Duty Free Shop. The session was moderated by Dermott Davitt, President, The Moodie Davitt Report.

New-york , United-states , Montreal , Quebec , Canada , America , Canadian , Marcelo-montico , Justin-guay , Dermot-davitt , Dermott-davitt , Jerome-falic

Fewer requests for proposals expected over the next few years, says DFW


Tuesday, 6 April 2021 16:51
Dallas Forth Worth is offering concessionaires US$120 million in support to help ensure they are well positioned to capitalise on the recovery.
Dallas Fort Worth International Airport (DFW) has praised the ‘resilience and flexibility’ of its concessionaire partners during the coronavirus (Covid-19) pandemic and suggested it is ‘fortunate’ to have experienced just a 40% traffic drop to date compared to 2019.
Participating as part of the of The CEO Chair interview series at the 2021 Summit of the Americas (5-9 April), Sean Donohue, CEO, Dallas Fort Worth International Airport was the subject of a recorded interview with moderator Dermot Davitt of the Moodie Davitt Report.

Dallas-fort-worth-international-airport , Texas , United-states , Dallas , American , Sean-donohue , Zenola-campbell , Dermot-davitt , Ken-buchannan , American-airlines , Dallas-forth-worth , Fort-worth-international-airport

Airport Restaurant & Retail Association members to speak at Americas summit

Airport Restaurant & Retail Association members to speak at Americas summit
trbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from trbusiness.com Daily Mail and Mail on Sunday newspapers.

United-states , America , Pat-murray , Carlos-bernal , Judith-byrd , Brian-quinn , Duty-free-stores , International-association-of-airport , Airport-restaurant-retail-association , Retail-sustainability-forum , Byrd-retail-group , Airport-restaurant