SINGAPORE - Sales at Changi Airport hit a record high of $2.2 billion last year, on the back of growing passenger numbers.
Spending at the airport’s retail and food stores grew by 8 per cent year on year, it was revealed yesterday.
Travellers from China accounted for a third of the airport’s retail market and Singapore consumers, a fifth. The other top spenders were from Indonesia, India and Australia.
Passenger traffic figures are expected to be released next week.
In 2014, Changi Airport was among top three airports in the world in terms of retail business performance. Last year’s ranking is not available yet.
Ms Lim Peck Hoon, executive vice-president of commercial at Changi Airport Group, said on Sunday (Jan 24): "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.
Ms Lim said last year's retail performance was due to a successful commercial strategy, which saw the introduction of liquor and beauty duplex stores that are the first in the world. 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.
Other promotions such as the Star Wars soft toys promotion during the year-end holidays and the "Be a Changi Millionaire" draw also contributed to the retail buzz.
This afternoon, one traveller would walk away a million dollars richer from the sixth annual Changi Millionaire contest.