Hainan offshore duty-free sales reach RMB 4.3 billion in 2014
Hainan has seen a surge in offshore duty-free shopping, with total sales revenue of 4.3 billion in 2014.
Last year, Hainan saw 1.73 million shoppers and 5.36 million items were sold in the province’s two offshore duty-free stores, according to data released by Haikou Customs.
Since the offshore duty-free program was put into place in April 2011, the duty-free shops have attracted a great deal of business from visitors, with duty-free sales increasing from 1.84 billion yuan in 2011 to 4.3 billion yuan in 2014, a year-on-year increase of 30%. The average daily duty-free sales in the Sanya and Haikou stores have reached 12 million yuan.
In September 2014, the world’s largest duty-free shopping centre opened its doors in Haitang Bay. The centre is more luxurious and includes more top brands than any other duty-free shop in the country.
SOURCE: WOS Team
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