Hainan offshore duty free sales soar by +980% in April The Moodie Davitt Report The Moodie Davitt Report


Source: moodiedavittreport.com moodiedavittreport.com

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Key stories from China and related to Chinese travellers are featured each week on ’s new WeChat Official Account. Please scan the QR code to follow us. CHINA. Offshore duty free sales in Hainan province reached RMB4.75 billion (US$745 million) in April, an increase of 980% year-on-year. Total sales, including duty paid, reached RMB5.2 billion (US$814 million), a +997% increase over the same period in 2020. For the first four months of 2021, duty free sales totalled around US$2.85 billion. Full-year 2020 revenues reached around US$5 billion, meaning that Hainan is easily on course to smash that record-breaking performance in...