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TOP 10 OPERATORS 2018 8: CHINA DUTY FREE GROUP


International Airport actually offers better duty free revenue growth prospects (than Beijing) which bodes well for contract prices. The airport’s international flight ratio is over 50%, compared to Beijing Airport’s 26%. “Its international passenger


growth is also three to five percentage points higher. The opening of a new satellite terminal in 2019 could also further boost international passenger traffic.” A high ratio of international versus


domestic passengers ‘is supposed’ to mean better duty free revenue prospects, emphasised Wong.


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probably greater among passengers flying long-haul flights than regional short-haul ones.” Following the victory Sunrise/


CDFG will work closely with operator Shanghai Airport to ‘enhance the shopping environment’ and ‘enrich’ the brand and product mix at both locations as part of a ‘Shanghai Shopping’ development vision. Chen Guoqiang, General Manager,


Subscribe to TRBusiness magazine to receive a digital copy of the TRBusiness Top 10 International Operators 2018.


‘Unforgettable leap forward’ “Shanghai is one of the world’s most affluent cities and international traffic is expanding aggressively. “More airlines are adding more


Contact: janice@trbusiness.com


CDFG stated: “We [will] continue to maintain the price advantage of value for money, providing more attractive commodity prices for tourists at home and abroad. In terms of service, we [will] pursue excellence and create a more luxurious and convenient tax free shopping experience for consumers.” Guoqiang said the CDFG/Sunrise


routes and on top of that I feel Shanghai Pudong [which handled more than 70m passengers in 2017-Ed] is the city’s international hub. “Shanghai Hongqiao is more


focused on short-or-medium-haul flights and the wealth profile is


victory represents an ‘unforgettable leap forward’ for the group following its winning bids at Hong Kong International Airport and Beijing Capital


International Airport


last year, with the merger of the companies greatly improving the strength of its bidding power.


Chen Guoqiang, General Manager, CDFG


CDFG’s Sanya store in Hainan Province.


Guoqiang added: “The deepening of the strategic partnership will ultimately benefit the development of China’s tax free industry, the development of [the] airport duty free businesses and the vast number of consumers.” «


On CDFG/Sunrise victory in Shanghai: “The deepening of the strategic partnership will ultimately benefit the development of China’s tax free industry, the development of [the] airport duty free businesses and the vast number of consumers.”


THIS PAGE HAS BEEN REMOVED FROM THE ONLINE EDITION FOR LEGAL REASONS


THE UNIQUE SHORT-FORMAT CIGAR


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