January 25, 2016 – Sales at Changi Airport has hit another record high of US$2.2 billion last year, placing it along the top three airports in the world in terms of retail business performance.
Spending at the airport’s retail and food stores grew by 8% year on year, on the back of a growing number of passengers using the airport.
Passenger traffic figures are expected to be released next week.
Travellers from China accounted for a third of the airport’s retail market, followed by Singapore consumers, who made up one-fifth. The other top spenders were from Indonesia, India and Australia.
Changi Airport Group executive vice-president of commercial Lim Peck Hoon said: “We are delighted to achieve yet another record high for concession sales at Changi Airport in 2015.
“This is positive for the Singapore air hub as profits from our retail business help to offset the cost of our aeronautical operations.”
At Changi, shoppers’ favourite buys are liquor, tobacco, cosmetics and perfumes. They are followed by luxury goods, electronics and equipment and chocolates and candies.
Last year’s retail performance was due to a successful commercial strategy, which saw the introduction of liquor and beauty duplex stores that were the first in the world, Lim said yesterday. These two-storey stores have their own bar lounges and wine tasting corners.
Last year also saw well-known brands such as Zara and Samsung launching their first stores at Changi Airport.