Singapore’s Changi Airport reports 9% retail sales rise to US$1,8billion
Duty-free takings in transit accounted for about 90 per cent of all sales. The most popular products among shoppers were liquor and tobacco, followed by perfumes and cosmetics, luxury goods, electronics and chocolates.
Visitors from China were the biggest spenders, making up a quarter of all sales. Chinese tourists also spent about 25 per cent more at the airport in 2013 than the year before.
Singaporeans are spending more at the airport as well, with an 11 per cent year-on-year growth in sales. Purchases by locals accounted for a fifth of Changi Airport‘s total receipts in 2013. Singaporeans were the second-biggest spenders after visitors from China. Indonesians ranked third, followed by Australians and visitors from India.
Changi Airport plans to stay ahead by renovating 30 stores across its three terminals. The revamp, focusing on liquor and beauty shops, will start in the second half of 2014 and is slated to be completed by April 2015.