HNA Infrastructure expects more revenue from duty-free stores
June 12, 2017 Category Travel, Weekly
HNA Infrastructure, operator of Haikou Meilan International Airport, expects to see a sharp rise in revenue from its duty-free stores as Hainan develops into an aviation hub and a duty-free shopping paradise. The company’s aviation business would also grow when the airport’s phase two development, which features a new runway, becomes operational in two years. HNA Infrastructure Chief Financial Officer (CFO) Zhou Feng said the phase two development aimed to boost not only the airport’s passenger capacity, but also its non-aviation revenue, which is mostly business from the duty-free stores. “The company is looking to generate 70% of its revenue from the non-aviation sector as China hopes to make Hainan a top duty-free shopping destination,” Zhou said. Currently, more than 40% of the group’s revenue comes from its non-aviation business. HNA Infrastructure, formerly known as Hainan Meilan International Airport, provides terminal facilities, ground handling services and passenger services. It also leases commercial and retail space and operates duty-free stores at Haikou airport.
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