Dubai Duty Free has topped its sales figures touching US$1.8 billion in 2013. This would be for the largest single airport retail operation in the world. Dubai Duty Free has for the fourth time excelled ahead of Seoul Incheon, Singapore Changi and London Heathrow airport.
In 2013, global duty free and travel retail sales touched US$60 bn, representing a 7.5% increase over the previous year. Airport duty free sales account for US$34.67 bn 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 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 US$3.9 bn, 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 seventh, taking 4.1% of market share.
Colm McLoughlin, executive vice chairman of Dubai Duty Free said: “At Dubai Duty Free, our expansion plans continue in line with development at Dubai International Airport (DIA), where our retail operation will reach 33,000 square metres. This will be with the opening of Concourse D next year. Meanwhile at Al Matoum 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 US$1.9 bn.