WebAug 20, 2024 · Starting on July 1, Hainan increased its annual tax-free shopping quota from 30,000 yuan to 100,000 yuan per person. The number of categories of duty-free … WebJun 29, 2024 · Hainan’s offshore duty free sector has rebounded strongly from its late 2024 troubles with sales over the five-day holiday climbing to US$170.7 million in Sanya alone. Island-wide, sales rose +20.03% …
Duty-free biz boosts Hainan FTP
WebApr 14, 2024 · HAIKOU(April 14): Representatives of over 3,000 brands including Burberry and Estee Lauder descended on China's Hainan this week to show off their latest wares, hoping to cash in on a post-Covid consumer rebound that has kicked off on the island known for its duty free shopping.Around 300,000 people are expected to visit the China … WebJan 3, 2024 · Duty-free sales in China’s island province of Hainan surged to 50.49 billion yuan (US$7.9 billion) in 2024, growing 83 per cent from a year earlier, as the coronavirus pandemic continues to ... ratna 2004
Understanding luxury in China: Domestic travel retail
WebAug 12, 2024 · Hainan Island’s duty-free hub: Luxury investment, sustainability and local spend, despite Covid outbreaks Duty-free business is Hainan’s core strength, but the tropical island must contend with a zero-tolerance Covid policy and pent-up demand for travel overseas after more than two years of restrictions. By Yiling Pan August 12, 2024 WebNew duty-free policy for Hainan shoppers. China’s STA announced an offshore duty-free policy including the increase in the allowable value, quantity, and category for duty-free shopping. The duty-free policy … WebDec 27, 2024 · Triumph for government policy as Hainan’s offshore duty free sector set to hit US$4.9 billion in 2024 sales : The Moodie Davitt Report -The Moodie Davitt Report Comment & analysis on the seismic impact of the new … ratna 2010