By Finance Pulse in China Economy —

Hainan Duty-Free Sales Plummet by 29.3% in 2024

Duty-free sales in Hainan, China, experienced a significant drop of 29.3% in 2024, reaching 30.94 billion yuan. The number of shoppers also declined by 15.9% to 5.683 million.

An artistic depiction of Hainan's bustling duty-free shopping areas, now quieter, highlighting the v
Hainan Duty-Free Sales Plummet by 29.3% in 2024

Duty-free spending in Hainan, China's island province, fell by 29.3% in 2024 to 30.94 billion yuan ($4.24 billion), with the number of shoppers dropping by 15.9% to 5.683 million.

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