China. Duty free sales soar on Hainan Island

Featured image of the article China. Duty free sales soar on Hainan Island
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18 January 2022 à 19h04

Updated on 6 October 2023 à 16h19

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1 minute

Publication: 18 January 2022 à 19h04, Updated on 6 October 2023 à 16h19

Reading time: 1 minute

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Publication

18 January 2022 à 19h04

Updated on 6 October 2023 à 16h19

Reading time

1 minute

Publication: 18 January 2022 à 19h04, Updated on 6 October 2023 à 16h19

Reading time: 1 minute

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The tropical island of Hainan, which has become one of the only vacation destinations for the Chinese since 2020, is experiencing an extraordinary growth in duty free sales.

In 2021, the island’s stores recorded total sales of US$ 9.47 billion, of which US$ 7.94 billion were duty free (up by 84% compared to an already high 2020 history). Its 10 duty-free stores (selling 720 brands on 220,000 m2) have particularly contributed to growth. They are managed by five players: Chin

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