Sales analysis by Generation Research, the industry’s independent researchers, highlight that Dubai Duty Free has regained its position as the largest single airport retail operation in the world, based on sales figures of US$1.8 billion in 2013. This is the fourth time (2008, 2009, 2010 and 2013), that Generation’s annual report has seen the airport operator nudge ahead to first place position, this time ahead of Seoul Incheon, Singapore Changi and London Heathrow airport.
In 2013, global duty free and travel retail sales reached a record US$60 billion, representing a 7.5% increase over the previous year. Airport duty free sales account for US$34.67 billion of that business, with the remainder including ferries, border shops and airlines. Based on 2013 figures, Dubai Duty Free, as a single operator, accounts for 5.19% of global airport duty free business and almost 3 per cent of the wider duty free and travel retail global business.
In the Middle East, the value of airport-based duty free sales reached US$3.9 billion, representing a 10% increase over the previous year. Dubai Duty Free accounts for 45.73% of airport sales in the region. Meanwhile in the world’s top 25 countries for duty free and travel retail shopping, the UAE ranked 7th , taking 4.1% of market share.
Dubai Duty Free continues to witness positive sales growth in 2014 and is looking to end the year with sales of US$1.9 billion.