콘텐츠 바로가기
로그인
컨텐츠
  • HOME
  • SEARCH
PLUS Text Size MINUS RESET
FACEBOOK TWITTER Linked In

Category Open

Resources

tutorial

Collection of research papers and materials on development issues

home

Resources
Industry and Technology General
Territorial Development Transport/Logistics

Print

Incheon international airport duty free sales hit US$2 billion in 2016

Related Document
Frame of Image
  • Incheon international airport duty free sales hit US$2 billion in 2016
  • Davitt, Dermot
  • The Moodie Dvitt


link
Title Incheon international airport duty free sales hit US$2 billion in 2016
Similar Titles
Material Type Web-Links
Author(English)

Davitt, Dermot

Publisher

[Brentfor, U.K.] : The Moodie Dvitt

Date 2017-01
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < General
Territorial Development < Transport/Logistics
Holding The Moodie Dvitt
License

Abstract

SOUTH KOREA. Incheon International Airport posted KRW2,300billion (US$2 billion) in duty free sales in 2016, the airport company has reported. The figure is a leap of +14.7% year-on-year. It means that Incheon reclaims the crown as the world’s leading duty free sales location, ahead of Dubai International. The airport previously hit US$2 billion in sales in 2014. Incheon International Airport Corporation said that sales had recovered from 2015 when they were affected by “negative impacts due to MERS and a duty free renovation period”. Cosmetics & fragrances continued to be the best-selling category with US$770 million in sales, accounting for 39% of the business. Liquor & tobacco followed with US$440 million and leathergoods was next with sales of US$280 million. IIAC said in a statement today: “There were general concerns in 2016 due to volatile market environments in East Asia derived from geopolitical issues and excessive competitive market in Korea from [the increasing number of] downtown duty free shops.