Dubai Duty Free regains its No.1 position in the world

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Dubai Duty Free regains its No.1 position in the world

Pips Seoul, Singapore and London as sales hit $1.8 billion in 2013

By Staff Report

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Published: Fri 17 Oct 2014, 11:34 PM

Last updated: Tue 7 Apr 2015, 10:43 PM

Dubai: 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 $1.8 billion in 2013.

Dubai Duty Free, as a single operator, accounts for 5.19 per cent of global airport duty free business and almost three per cent of the wider duty free and travel retail global business. — Supplied photo

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 $60 billion, representing a 7.5 per cent increase over the previous year. Airport duty free sales account for $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 per cent of global airport duty free business and almost three 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 $3.9 billion, representing a 10 per cent increase over the previous year. Dubai Duty Free accounts for 45.73 per cent 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 per cent of market share.

Commenting on the latest research figures, Colm McLoughlin, executive vice-chairman of Dubai Duty Free, said: “We are obviously delighted to regain the No. 1 spot for the fourth time and to note that our business, along with the duty free business across the Middle East, continues to grow significantly.

“This is a dynamic part of the world in terms of airport retail and the continued investment in airport infrastructure reflects that. At Dubai Duty Free, our expansion plans continue in line with the development at Dubai International Airport (DIA), where our retail operation will reach 33,000 square metres with the opening of Concourse D next year.

“Meanwhile, at Al Maktoum International (AMI), our operation of 2,500 square metres will grow in line with the massive development plans of Dubai World Central.” Dubai Duty Free continues to witness positive sales growth in 2014 and is looking to end the year with sales of $1.9 billion.

business@khaleejtimes.com



Indian national wins in Millennium Millionaire draw

Staff Report

Dubai: Biju Jose Chakkalakkal, an Indian national living in Dubai, won the draw for Dubai Duty Free’s 176th Millennium Millionaire, a staggering prize of a lifetime, $1 million.

The winning ticket No. 2086 was drawn by Colm McLoughlin, executive vice-chairman of Dubai Duty Free along with George Horan, president; Salah Tahlak, senior vice-president, corporate communications and Sinead El Sibai, vice-president, Marketing in the presence of passengers and staff in Concourse C, Dubai International Airport.

The lucky dollar millionaire, Chakkalakkal who is currently on a holiday in India, was speechless when he heard the news of his new found wealth.

Commenting on his stroke of luck Chakkalakkal said: “I had a gut feeling that this day will come and finally I made it! My family has always encouraged me not to give up and now, thanks to Dubai Duty Free and lady luck my perseverance has finally paid off. I’m looking forward now to come back to Dubai to receive the much-awaited prize.”

The Millennium Millionaire Promotion was first introduced in 1999 and in its 15-year lifespan has resulted in 176 $1million cheques being presented to winners from all around the globe.

— business@khaleejtimes.com




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