Highlighting its excellence, Abu Dhabi Duty Free set a new sales record in 2015, reaching $418.3 million across its retail, F&B and services sectors, with sales up 10.3 per cent on 2014’s figures.
The retail category continued its upward growth trend, rising by seven per cent to $293.7 million, contributing to a strong and steady 13.2 per cent compound annual growth rate (CAGR) from 2010-2015.
F&B sales recorded a 25.7 per cent jump, while the services sector posted a 15.2 per cent increase, of which 26.8 per cent was brought forth by airport advertising.
Chairman, Abu Dhabi Airports, HE Ali Majed Al Mansoori enthused: “The continued success of Abu Dhabi Airports is driven by the growth of the national airline, Etihad Airways and the attractiveness of Abu Dhabi as a destination for global events, culture, heritage, and superb world class infrastructure and facilities.
“Abu Dhabi International Airport continues to offer a wide range of commercial offers that reflect and meet our consumer demographics. These are linked to a diverse promotional and marketing calendar with activations that have included prizes such as supercars, gold and instant Duty Free cash vouchers,” he further noted.
As for products, perfumes and cosmetics, food and confectionery, luxury watches, electronics and gold generated the largest growth rates within Abu Dhabi Duty Free. The sale of luxury watches rocketed 185.1 per cent; sales of sunglasses went up by 13 per cent; books and magazines by 9.6 per cent; food and confectionery by 7.3 per cent; and pharmacy goods by 5.5 per cent.
Abu Dhabi Duty Free aims to continue the expansion of its product offering when the Midfield Terminal Building opens in 2017. Abu Dhabi Airports will have awarded all core commercial contracts for the new terminal within 2016.