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Hainan duty free sales hit all-time total of CNY250.1 billion
Hainan’s duty-free sector has come a long way since its 2011 pilot. The off-shore travel retail operation has pulled in sales of CNY250.1 billion in its 14-year history thanks to strong foot traffic; some 45 million shoppers have visited the island in that time. The post Hainan duty free sales hit all-time total of CNY250.1 billion appeared first on Global Cosmetics News.
THE WHAT? Hainan’s duty-free sector has come a long way since its 2011 pilot. The off-shore travel retail operation has pulled in sales of CNY250.1 billion in its 14-year history thanks to strong foot traffic; some 45 million shoppers have visited the island in that time.
THE DETAILS According to a report published by The Moodie Davitt Report, quoting Hainan Daily, shoppers can now collect their purchases from five different locations and eligible travellers and transport have been extended.
THE WHY? The Moodie Davitt Report reveals the shopping resort has grown gradually over the years thanks to step changes in both the annual duty-free shopping allowance and the range of eligible goods.
The post Hainan duty free sales hit all-time total of CNY250.1 billion appeared first on Global Cosmetics News.
