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【Brokerage Focus】Guotai Junan: The decline in duty-free sales in the outlying islands has significantly narrowed, and the duty-free Industry welcomes a new investment window.
Jinwu Financial News | Guotai Junan issued a Research Reports indicating that for Hainan's duty-free islands: the sales decline has narrowed, and the average transaction value has turned from negative to positive. From the perspective of Historical Data, the sales amount for January to May 2025 has shown a narrowed decline with marginal improvement; the average transaction value has reversed the downward trend lasting two years; due to a phase decline in conversion rates, the number of duty-free shopping visits still needs time to recover; in February, the average price per item for shopping reached a new high in recent years. The institution stated that the decline in duty-free sales has significantly narrowed and the average transaction value has strongly rebounded, with signs of data restoration gradually established. Coupled with the enforcement of border closure policies, the implementation of 'buy now, pay later', and the backdrop of increased taxes on the U.S. and Canada, the duty-free industry is welc
Guotai Junan: The decline in sales scale of duty-free shops in the first five months has narrowed, focusing on the value of allocation in the recovery of Industry rhythm.
The decline in duty-free sales on offshore islands has significantly narrowed, with a strong rebound in average transaction value, and signs of data recovery are gradually being established. Coupled with the advancement of closure policies, the implementation of 'buy now and return immediately,' and the background of increased taxes on the U.S. and Canada, the duty-free Industry is welcoming a new window for investment.
China Tourism Group Duty Free Corporation (601888.SH): will actively explore and fully seize the growth opportunities brought by overseas travelers.
On June 23, Gelonghui reported that China Tourism Group Duty Free Corporation (601888.SH) stated on the interactive platform that the company will further enrich its commodity categories and brand matrix, enhance its business forms, fully improve offline experiences, and expand domestic and overseas channels. With the expansion of visa-free countries and the comprehensive relaxation and optimization of transit visa-free policies, the inbound and outbound passenger flow is recovering, which also provides more space for airport duty-free and city duty-free store businesses. The company will actively explore and fully seize the growth opportunities brought by overseas travelers.
China Tourism Group Duty Free Corporation (601888.SH): Carrying out a variety of "duty-free +" activities during holidays, introducing POP MART's star-themed characters and other IP.
On June 23, Gelonghui reported that China Tourism Group Duty Free Corporation (601888.SH) stated on its interactive platform that the company integrates cultural, commercial, sports, and travel experiences to hold rich "duty-free +" activities during holidays, introducing IPs like POP MART's Starry People and specially designed zodiac products to attract more customer attention and create an immersive, social experience. In the future, the company will further explore market consumption potential through the parallel approach of "physical scenarios + IP linkage + social operations."
China Tourism Group Duty Free Corporation (601888.SH): Currently, POP MART has set up a pop-up store in Sanya International Duty-Free City.
On June 23, Gelonghui reported that China Tourism Group Duty Free Corporation (601888.SH) stated on the interactive platform that POP MART has set up a pop-up store at Sanya International Duty Free City. During the 2024 annual celebration event, the company will collaborate with POP MART's popular IP, the Starry People, to interact with guests. In the future, the company will deepen cooperation with the brand in various fields such as event development. The company places great importance on collaborating with outstanding domestic brands to further enrich its category and brand matrix, enhancing customer experience.
China Tourism Group Duty Free Corporation (601888.SH): has opened more than ten duty-free stores or shops in locations such as Hong Kong, Macau, Singapore, and Japan.
On June 23, GLS Asia announced that China Tourism Group Duty Free Corporation (601888.SH) stated on the interaction platform that in recent years, the company has been continuously expanding its overseas Business, gaining an in-depth understanding of the current state and competition in the duty-free business in the CSI One Belt & One Road countries and popular destinations for Chinese travelers. The company has opened over ten duty-free stores or shops in locations such as Hong Kong, Macau, Cambodia, Singapore, Sri Lanka, Laos, and Japan. Additionally, the company is continuously expanding new destination markets and exploring new cooperation models and opportunities, for example, in the Vietnamese market, we have successfully reached a Business cooperation with our partner IPP Group.
