Hainan’s duty-free spending slumped 29.3% in 2024, raising concerns over its transformation into a tax-free shopping hub by 2025.

While retail spending in Hainan is not crucial for China's economy, the declines deal a blow to foreign luxury brands. Such brands had counted on a post-pandemic boom that had tripled sales to 43. ...

Hainan Airlines will restart flights between Beijing and Oslo in March, restoring nonstop connectivity between mainland China and Norway after a hiatus of more than five years. The flights between ...

BEIJING (Reuters) -Duty-free spending slumped 29.3% last year in China's island province of Hainan, where global luxury players from LVMH to Kering have set up shop, as a weak economy led to a ...

Duty-free spending slumped 29.3% last year in China's island province of Hainan, where global luxury players from LVMH to Kering have set up shop, as a weak economy led to a sharp drop in numbers ...

Tourists from Singapore wait for immigration clearance at the Meilan International Airport in Haikou, south China's Hainan province, Dec. 28, 2024. [Photo/Xinhua] In 2024, the number of foreign ...

An undated aerial drone photo shows the Haikou MOVA in Haikou, south China's Hainan province. [Photo/Xinhua] German retail giant Metro AG is set to open a new store in Haikou, capital of south ...

German retail giant Metro AG is set to open a new store in Haikou, capital of South China's Hainan province, in the second half of this year. Covering an area of 12,000 square meters, the new store ...

BEIJING – Duty-free spending in China’s island province of Hainan, where global luxury players from LVMH to Kering have set up shop, slumped 29.3 per cent in 2024 as a weak economy saw a sharp ...

BEIJING (Reuters) -- Duty-free spending slumped 29.3% last year in China's island province of Hainan, where global luxury players from LVMH to Kering have set up shop, as a weak economy led to a ...

HAIKOU -- German retail giant Metro AG is set to open a new store in Haikou, capital of South China's Hainan province, in the second half of this year. Covering an area of 12,000 square meters ...