Commercial Sales Results
Hainan offshore duty-free sector maintains heady start to 2026 as first-quarter sales soar +25.7%
The Q1 performance reaffirms a hugely encouraging start to 2026 for the province’s all-important offshore duty-free sector.
Sanya duty-free sales surge +28.2% to three-year high in first quarter
Sanya’s duty-free market, so critical to Hainan island’s wider travel retail sector, saw Q1 sales rocket to RMB10.06 billion (US$1.46 billion), the first time in three years the RMB10 billion mark has been breached.
China Tourism Group Duty Free sounds upbeat note after strong Q4 despite full-year revenue and profits fall
Despite falling sales and profits across the year, Q4 turned positive with profits climbing sharply, led by a rebound in Hainan duty-free sales, the impact of pro-industry policy changes and CDFG’s expansion.
Fraport Group Retail & Real Estate revenue grows +3% in 2025 but passenger spend weakens
Retail revenue per passenger fell from €3.35 in 2024 to €3.29, which Fraport blamed on a weaker performance in shopping, only partly compensated by strong services and advertising income.
Hainan offshore duty-free sales soar +26% to RMB10.59 billion (US$1.54 billion) in first two months
During the same period, 1.279 million shoppers purchased 8.012 million duty-free items in Hainan, marking year-on-year increases of +16.6% and +9.9%, respectively.
Avolta posts strong 2025 results, monitors mounting Middle East crisis
“Even within a complex external environment, including the recent conflict affecting parts of the Middle East region, our scale, diversification and clear strategic direction give us confidence as we continue to deliver on Destination 2027 and beyond,” says Avolta CEO Xavier Rossinyol.
WHSmith posts +5% first-half revenue rise led by North American airport market
UK airport growth was hit by temporary store closures at Heathrow, while North American sales grew sharply despite the continued sluggish performance of the InMotion brand.
Korean market update: Sales to foreigners at Incheon soften in January as FIT spending declines
“Foreigner sales at Incheon Airport decreased a lot from December,” a senior Korean duty-free executive tells The Moodie Davitt Report. “Overall spending per head of foreigners is decreasing steadily in terms of individual customers. The market is stagnating.”
Mast-Jägermeister posts double-digit travel retail growth despite spirits market headwinds
The company’s total revenue climbed by +1.8% year-on-year to €882 million, with travel retail climbing at double digits supported by the growth of core brand Jägermeister, the new Orange expression plus Teremana tequila.
Vienna Airport posts robust retail growth in 2025 amid space expansion
Retail & Properties revenue climbed by +5.9% year-on-year, buoyed by higher shopping, hospitality, lounge and parking income related to passenger growth.
Diageo reports -4% H1 net sales decline driven by North America and China weakness
Diageo said growth in Europe, Latin America and the Caribbean and Africa was offset by US spirits weakness and softer Chinese white spirits demand, prompting revised fiscal 2026 guidance to a reduction of -2-3% in organic net sales.
Aena reports strong 2025 financial results as commercial revenues outstrip passenger growth
Spanish airports company reported commercial revenues reaching €1.975 billion, an increase of +11% compared to 2024, against traffic growth of +4.2%.
