Dubai Duty Free posts $691m H1 sales, up 16%

Middle East hub retains world's biggest airport retailer title.
NEWS

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Dubai Duty Free announced on Sunday half year sales of AED2.54bn ($691m), representing a 16.6 percent increase over the same period last year.

The top three selling categories continued to be perfumes, liquor and gold with perfume sales increasing by 20 percent to reach AED361m.

Sales of electronic goods also shot up by 22 percent for the first half of the year to reach AED196m while watch sales rose by 41 percent.

Spending trends across all three Terminals continued to increase with duty free sales in Terminal 2, increasing by 31 percent for the first half of the year. Sales in Terminals 1 and 3 rose by 15 percent and 16 percent respectively.

The positive sales figures coincide with the news that, for the third consecutive year, Dubai Duty Free has retained its position as the largest single airport retail operation in the world in terms of turnover, which in 2010 was AED4.66bn.

Based on analysis by independent industry experts, Generation Research, the announcement places Dubai Duty Free ahead of Seoul Incheon Airport and London Heathrow, both of which also recorded sales in excess of $1bn.

Colm McLoughlin, managing director of Dubai Duty Free, said: "We are extremely pleased that 2011 has shaped up to be such a positive year for the operation. We have seen consumer spending increase across most categories with significant spikes in luxury sector products."

"We have also seen significant increases in sales across all three Terminals for both departing and arriving passengers, all of which is encouraging for the year-end figures."

In 2010 global duty free and travel retail sales, which include airports, airlines, ferries and other shops, reached $39bn up from $34.5bn in 2009.

The Middle East accounts for 7.4 percent of the overall duty free sales with Dubai Duty Free accounting for 5.4 percent of airport shop sales and 3.2 percent of the wider duty free and travel retail global business.

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