Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Consumer Commentary | Duty-Free Shopping Promotes a More Prosperous Market
Ask AI · How can everyday essentials reshape the new landscape of duty-free consumption?
In the first quarter of this year, duty-free stores across Sanya reported total sales of 10.06 billion yuan, up 28.2% year over year, setting a strong performance with first-quarter sales surpassing 10 billion yuan again for the first time in nearly three years; the number of visitors and shoppers both increased by 20.7% and 21.1% year over year, respectively. These impressive figures highlight the strong momentum of the duty-free consumption market. Supporting such a high growth rate are everyday essentials and daily necessities, which together form the driving force behind duty-free consumption.
In traditional perceptions, duty-free shops are seen as exclusive places for high-end luxury goods, with mainstream products often being expensive designer bags, luxurious watches, and similar items. However, today’s duty-free stores present a completely different picture: everyday essentials such as food and beverages, personal care and household toiletries, and products for mothers and infants occupy an important position. Since these goods are affordably priced and have high demand, they represent a huge consumer market.
Everyday essentials and daily necessities have become the driving force of duty-free consumption, and they also indicate that current consumer attitudes are changing: shoppers who go to duty-free stores are no longer pursuing luxury and brand status, but instead focus more on the practicality of the products and value for money. Duty-free channels’ everyday essentials and daily necessities meet consumer needs through price advantages and quality assurance. When buying toiletries and mother-and-baby products at duty-free stores, consumers can enjoy discounted prices while also ensuring product safety and quality. These everyday essentials and daily necessities effectively tap consumption potential, making duty-free shopping no longer limited to a small group of people, but instead become part of everyday life in households across the country.
Boosting consumption is an important task for current economic development. The rise of duty-free consumption—driven mainly by everyday essentials and daily necessities—gives us a new direction: optimizing product categories and enriching commercial formats can better promote the prosperity of the entire market.
To ensure the driving role of duty-free consumption is fully realized, it is necessary to continuously expand the reach of duty-free consumption and strengthen industry influence, break through geographic constraints, and enable more people to understand and access duty-free consumption. We cannot limit our focus to local residents and tourists; instead, we should mobilize more resources, take multi-angle approaches, and run high-frequency, all-area consumption promotion activities. For example, duty-free stores in Sanya roll out promotional content at major transportation hubs in key source markets such as Beijing and Shanghai at the same time, effectively leveraging the advantages of duty-free consumption and vacation resources. This cross-regional approach links consumer demand across different places, effectively boosting cross-regional travel and consumers’ willingness to shop, and driving synchronized growth in passenger flow, business interest, and market sales.
As an emerging segment in the consumer sector, duty-free consumption has enormous potential, with plenty of room to explore. With improving living standards and shifting consumer beliefs, duty-free stores will become an important place for consumption. Further expanding the categories of duty-free goods, strengthening multidimensional integration with different industries, and creating a more diverse range of consumption scenarios can help duty-free consumption grow into an important pillar for boosting the market, injecting sustained momentum into economic development.
(Xiao Ruiping)