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Abu Dhabi Duty Free sales hit $408m, up 10pc

ABU DHABI, February 16, 2016

Abu Dhabi Duty Free has set a new sales record last year, reaching Dh1.5 billion ($408.3 million) across its retail, food and beverage (F&B) and services sectors, according to its latest commercial figures. 
 
The sales were up 10.3 per cent on 2014’s figures, despite increasing economic volatility worldwide, said a statement.
 
The retail category continued its upward growth trend, rising seven per cent to Dh1.079 billion from the Dh1.009 billion in 2014, contributing to a strong and steady 13.2 per cent compound annual growth rate (CAGR) from 2010-2015. 
 
The F&B sales recorded a 25.7 per cent increase to account for the majority of growth across Abu Dhabi Airports’ businesses last year, while the services sector posted a 15.2 per cent rise, of which 26.8 per cent was fueled by airport advertising.
 
Ali Majed Al Mansoori, chairman, Abu Dhabi Airports, said: “The continued success of Abu Dhabi Airports is driven by the growth of the national airline, Etihad Airways and the attractiveness of Abu Dhabi as a destination for global events, culture, heritage, and superb world class infrastructure and facilities.
 
“Abu Dhabi International Airport continues to offer a wide range of commercial offers that reflect and meet our consumer demographics. These are linked to a diverse promotional and marketing calendar with activations that have included prizes such as supercars, gold and instant Duty Free cash vouchers.”
 
Abu Dhabi Duty Free also rewarded selected passengers with gift vouchers worth Dh1 million and co-ordinated a ‘lucky seat’ programme on targeted flights, cementing an engaging presence with Abu Dhabi International Airport’s 23 million passengers in 2015.  
 
Furthermore, passengers were treated to several firsts, including the sale of products made exclusively in the UAE and the world’s first Sephora store housed in an airport.
 
Perfumes and cosmetics, food and confectionery, luxury watches, electronics and gold generated the largest growth rates within Abu Dhabi Duty Free. 
 
The sale of luxury watches rocketed 185.1 per cent, sales of sunglasses went up 13 per cent, books and magazines 9.6 per cent, food and confectionery 7.3 per cent, and pharmacy goods 5.5 per cent. - TradeArabia News Service



Tags: abu dhabi | Sales | record | Free | duty |

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