Core Insights - The number of international travelers at Beijing's two major airports has exceeded 9 million from January to May this year, representing a 23% year-on-year increase [1] - Duty-free store sales at these airports reached nearly 1.3 billion yuan during the same period, marking an 8% year-on-year growth and the highest in nearly five years [1] Group 1: International Travel and Duty-Free Sales - The increase in international passenger flow, combined with a rich variety of domestic premium goods, has led to a successful performance for duty-free shops at Beijing's airports [1] - Traditional product categories sold at the duty-free stores include cosmetics, tobacco, alcohol, and luggage, featuring well-known domestic brands such as Zhonghua, Moutai, and Wuliangye [1] Group 2: Policy and Product Diversification - Since 2022, the airports have responded to the policy direction of expanding the sales of domestic premium goods in duty-free shops, introducing culturally significant products like silk, jade, porcelain, chopsticks, and panda toys [1] - The introduction of domestic tech brands such as iFlytek and Soundcore has also been part of the strategy to meet the changing consumption demands of international travelers [1] Group 3: Future Developments - The Capital International Airport's T3E international departure area plans to add approximately 300 square meters of international taxable retail space to cater to shopping needs and will also serve as a tax refund store for outbound travelers [1]