Wednesday, March 22, 2017

Decline [18 duty-free industry of the crisis] "Saad firestorm 'duty-free sales 30%



[Korea gimeunji financial newspaper reporter] is wearing a Duty Free Korea South Korea that rely Souvenir sales revenue of 70% or more after the break China the Chinese tourists began hitting the last 15 days.

The Chinese government went into the forbidden group tourists visit from the past 15 days, such measures are the Korea Tourism prohibited directed through the national agency in retaliation for the month two days China National yeoyuguk a high altitude place a missile defense system (Prasad · THAAD) It will be made according to.

According to the Ministry of Culture, Sports and Tourism two months 22 days like 1 to 19 Chinese tourists will visit plummeted 21.9% YoY. Sales in the last 18 to 19 of the industry's top Lotte Duty Free, while Chinese tourists decreases were also reduced by 25% YoY.

Shilla Duty Free is the same period showed a decrease in sales of 25% over the same period last year, duty-free sales after the Galleria 63 of the last 15 days has been reduced approximately 20% to 30% than the average sales days prior to 15 days of March. Sales of HDC Shilla Duty Free is just 30% compared to last week, was the case of the New World Duty Free sales decreased 35% compared to the previous month.

Groups of tourists around the Lotte Duty Free sales of the pores that there is a ban on Chinese tourists visit tourist group sales revenues are 70% through the travel agency has shown 40%. In the case of Lotte Duty Free World Tower that 50% of Chinese tourists revenues, the share occupied by dual group tourists was 50%.

In the case of the new duty-free sales were 70% less rely, as much as 90% for Chinese tourists. Double sales group tourists was occupied by more than half.

Industry officials complain that "duty-free and may be from 15 visitors decreased noticeably," he said "Following the sales decline inevitable in the aid package is not stuffy or government."

1 to 19 in the last number of Chinese tourists to cancel trips Korea basis 130 900 10 000 people and, also showed a decline of about 7 billion won sales agency. April reduced revenue reached 8.4 billion won to 30 million visitors a reservation is canceled domestic tourism is also expected.

For hotel guests Chinese 21 million less sales declined by 7.5 billion won a case of airline passengers flying to China was estimated that 3.4% is reduced.

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