China Tourism Group Duty Free_ Hainan DF Sales During CNY Holiday - Lukewarm Yet Sequentially Stable
-·2025-02-09 04:54
February 5, 2025 06:47 AM GMT China Tourism Group Duty Free | Asia Pacific Hainan DF Sales During CNY Holiday - Lukewarm Yet Sequentially Stable Offline Hainan duty free (DF) market: Per Haikou Customs (CCTV news, offline sales only), average daily DF sales during the CNY holiday (Jan 28-Feb 4) were at Rmb262mn/day, -16%, vs. 2024 CNY. The YoY decline widened from -5% in Dec-24 due to a high base, but it was visibly narrower vs -30% to -40% during March-Nov 2024. A sequentially stable CNY trajectory, in our ...