hainan retail

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China Spotlight

2021 Hainan Retail Report

"Tourism, one of Hainan's twelve key industries, is the third-largest tertiarysector industry after real estate and education, accounting for 7.3% of Hainan's GDP in 2020. The strategic positioning of Hainan as an international tourism and consumption centre means tourism retail and tourist consumption will remain a focus of policymaking and industry development. Hainan has accounted for a growing share of duty-free sales in China since 2011. The nearly absent international travel in 2020 and the subsequent impact on duty-free sales at airports in Beijing and Shanghai means Hainan’s share in duty-free sales could exceed 50%, up from 25% in 2019."

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