14-Jul-2011 11:50 AM

Incheon reports record USD727m in 1H2011 duty free sales

South Korea's Incheon International Airport has recorded record duty free sales of USD727 million in 1H2011, which is believed to be a world duty free record for a single location, with the airport overtaking Dubai Duty Free's USD698 million (+16% year-on-year) in sales in the six month period (The Moodie Report, 13-Jul-2011). In 2010, the airport generated sales of USD1.26 billion, just behind Dubai Duty Free's USD1.27 billion. The airport has a portfolio of stores run by Lotte Duty Free, The Shilla Duty Free and Korea Tourism Organization.