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With the optimization of epidemic prevention policies and the arrival of the peak tourist season in winter, Hainan’s outlying islands duty-free has recently regained its “firework”. Data show that since mid-December 2022, the average daily sales volume of duty-free Hainan outlying islands has exceeded 100 million yuan, and the average daily shopping volume during the three-day New Year’s Day holiday has reached 140 million yuan. The domestic duty-free market has ushered in a “good start” in the new year, and the duty-free industry is becoming more and more popular. According to incomplete statistics, as of now, more than a dozen companies, including BBK and Lingnan Holdings, are applying for tax-free licenses. In addition, the international duty-free port under Wangfujing, which has obtained a duty-free license as early as 2020, will also officially open in the near future. (Securities Times)
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