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Tag: Guangzhou Baiyun

  • New Guangzhou Baiyun Airport T2 duty free concession goes to tender

    New Guangzhou Baiyun Airport T2 duty free concession goes to tender

    A tender for the duty free concession at Guangzhou Baiyun Airport’s new Terminal 2, due to open in 2018, was issued this week.

    Guangzhou Baiyun International Airport is China’s third-busiest and the world’s 16th-busiest airport, with 59.78 million passengers in 2016, up +19.3% year-on-year. Of those, some 13.58 million were arriving and departing international passengers. By 2020 total traffic is projected to reach 80 million and by 2030 100 million. China Duty Free Group is the incumbent retailer at the existing airport facilities.

    The tender is being organised by GMG International Tendering Co. It covers 25 stores across the vast terminal, embracing some 3,544sq m of duty free space. While the tender has been divided into two bids, one winner can win the whole concession.

    At TFWA’s recent China’s Century conference, Guangzhou Baiyun International Airport Co President Qiu Jiachen painted a bold picture of the airport’s traffic and retail prospects, pledging a “complete commercial eco-system” once T2 is open

    The vast Chinese gateway is set to boom in coming years as passenger numbers surge and the new terminal eases capacity pressures.

    Qualifying bidders must fulfil a series of criteria, including having had established duty free business in Mainland China on a profitable basis for the past three years.

    Bid 1: 14 shops totalling 1,943sq m (first year); monthly guaranteed sales RMB15,860,000 (US$2.3 million); minimum concession fee 31%.

    Bid 2: 11 shops total 1,601sq m (first year); monthly guaranteed sales RMB13,070,000 (US$1.9 million); minimum concession fee 31%.

    Interested parties must register to bid between 2 and 8 May.

    CDFG’s new contract covers 300sq m of retail space at T1 before the T2 opening. Once open, T2 will offer 700sq m of space and T1 will be extended to 400sq m.

    Duty Free Expert Publisher Jason Cao commented: “This is the second duty free departure projects tender following on from Beijing Capital International Airport which is showing the future trend – i.e. more departure shops will adopt the bidding system for their duty free concessions.”

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  • China duty free push

    China duty free push

    Nineteen inbound China duty-free shops have opened to serve domestic travellers returning home.

    The state’s Ministry of Finance announced the stores have been built in 13 airports including Guangzhou Baiyun, Hangzhou Xiaoshan and Qingdao Liuting, as well as six sea ports.
    Passengers can carry up to 8000 yuan ($1230) worth of duty-free goods, up from the previous 5000-yuan limit, when clearing customs, the ministry said, claiming that the shops feature more products than existing inbound duty-free outlets.

    Isetan Mitsukoshi Holdings says its stores served about 50 per cent more international duty-free shoppers from February 7 to 13 compared with the same holiday week last year, thanks to a spike from mainland China – but customer spend was 15 per cent less this time.

    Visitors from mainland China doubled to five million, helping Japan’s overall tourist numbers reach nearly 20 million – a target the government had hoped to achieve by 2020.

    Shopping by Chinese tourists at department stores and electronics shops last year created a buzzword, “bakugai”, or “explosive buying”, and came as a boon for Japanese retailers smarting from decades of sluggish demand from domestic consumers. However, China’s economy has since sagged to a 25-year low, with stock markets slumping mid-year.

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