Dear MEL Topic Readers,
World's largest duty-free complex opens in Hainan
Haikou is the capital of Hainan (south of the sea), reflecting the island's position south of the Qiongzhou Strait. Haikou, also known as the “Coconut city”, is a popular tourist destination. Before the pandemic, the city received nearly 84 million tourists and generated over 360 million US dollars in 2019. Situated on the west coast of the city, the Haikou International Duty Free City Shopping Complex opened on October 28. The world's largest stand-alone duty-free complex boasts a cavernous area of 930,000sq meters comprised of six plots, including duty and tax-free shops, offices, and hotels. In fragrances alone, a dedicated single floor of 30,000sqm offers consumers virtual makeup applications, interactive experiences and customization, and fragrance tutorials. Chanel, Dior, Estée Lauder, La Mer, Clé de Peau Beauté, and other top beauty and skincare brands reside here, plus 10 duty-free CDFG-exclusive fragrance areas from the likes of Sulwhasoo, Laneige, and Hera. Duty-free sales account for approximately half of the province’s tourism revenue or about a quarter of the total retail sales of consumer goods in Hainan. With this new, gigantic DF complex, the city and province are expecting to boost the tourism and retail business after the pandemic. Of the 100,000-yuan annual quota per person for duty-free purchases, how much will consumers spend in this new shopping facility?
Enjoy reading the article and learning about the bold business initiative in Hainan.
http://www.chinadaily.com.cn/a/202210/29/WS635c6403a310fd2b29e7f2f9.html
World's largest duty-free complex opens in Hainan
Haikou is the capital of Hainan (south of the sea), reflecting the island's position south of the Qiongzhou Strait. Haikou, also known as the “Coconut city”, is a popular tourist destination. Before the pandemic, the city received nearly 84 million tourists and generated over 360 million US dollars in 2019. Situated on the west coast of the city, the Haikou International Duty Free City Shopping Complex opened on October 28. The world's largest stand-alone duty-free complex boasts a cavernous area of 930,000sq meters comprised of six plots, including duty and tax-free shops, offices, and hotels. In fragrances alone, a dedicated single floor of 30,000sqm offers consumers virtual makeup applications, interactive experiences and customization, and fragrance tutorials. Chanel, Dior, Estée Lauder, La Mer, Clé de Peau Beauté, and other top beauty and skincare brands reside here, plus 10 duty-free CDFG-exclusive fragrance areas from the likes of Sulwhasoo, Laneige, and Hera. Duty-free sales account for approximately half of the province’s tourism revenue or about a quarter of the total retail sales of consumer goods in Hainan. With this new, gigantic DF complex, the city and province are expecting to boost the tourism and retail business after the pandemic. Of the 100,000-yuan annual quota per person for duty-free purchases, how much will consumers spend in this new shopping facility?
Enjoy reading the article and learning about the bold business initiative in Hainan.
http://www.chinadaily.com.cn/a/202210/29/WS635c6403a310fd2b29e7f2f9.html
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