Channel NewsAsia
Updated: 01/19/2014 15:02 | By Channel NewsAsia

Changi Airport rakes in over S$2b in retail sales in 2013

Changi Airport rakes in over S$2b in retail sales in 2013

Changi Airport rakes in over S$2b in retail sales in 2013

SINGAPORE: Cash registers at Singapore's Changi Airport rang in over S$2 billion in retail sales last year - a record for the air hub.

This is a nine per cent increase over 2012's receipts.

Duty-free takings in transit accounted for about 90 per cent of all sales.

The most popular products among shoppers were liquor and tobacco, followed by perfumes and cosmetics, luxury goods, electronics and chocolates.

Visitors from China were the biggest spenders, making up a quarter of all sales.

Chinese tourists also spent about 25 per cent more at the airport in 2013 than the year before.

Singaporeans are spending more at the airport as well, with an 11 per cent year-on-year growth in sales.

Purchases by locals accounted for a fifth of Changi Airport's total receipts in 2013.

Singaporeans were the second-biggest spenders after visitors from China. Indonesians ranked third, followed by Australians and visitors from India.

Ivy Wong, senior vice president for airside concessions at Changi Airport Group, said: "The retail sales are actually successful also because we have been adjusting a lot of our trade mix. We're adjusting - we keep looking at market trends as well as the consumers' taste development."

The airport held the “Millionaire” contest to say thanks to those who have helped it ring in record sales year after year.

One lucky shopper who contributed to the sales was rewarded with a S$1 million prize on Sunday.

47-year-old Indonesian businessman Irvung Tio bested five others to win the top prize in Changi Airport's “Millionaire” contest.

The traveller had spent over S$600 on skincare products for his wife while in transit.

Mr Tio said: "I feel very happy to win 'Changi Millionaire'. I will use the money to save for the future."

Changi Airport plans to stay ahead by renovating 30 stores across its three terminals.

The revamp, focusing on liquor and beauty shops, will start in the second half of 2014 and is slated to be completed by April 2015.  - CNA/fa/xq

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