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Antares Cheng knows the Chinese domestic and travel retail markets well |  |
Sunil Tuli: Domestic air travel booming |
CHINA. King Power Group Hong Kong has stepped up its planned expansion in China by securing two new travel retail concessions at domestic airports in Chongqing and Xi’An.
The group already operate stores at other domestic airports in China such as Chengdu, Harbin and Xiamen.
King Power Group Managing Director Antares Cheng knows the Chinese domestic retail and airport duty paid sectors well and believes the two new airports offer highly significant opportunities.
King Power has won a duty paid contract at Chongqing Airport, covering 11 airside shops over 724sq m. The five-year agreement runs from 15 March 2008 to 14 March 2013.
Chongqing is the largest and most heavily populated of China’s four provincial-level municipalities.
Product categories include duty and tax paid cigarettes, perfumes and cosmetics, watches, apparel, fashion accessories, costume jewellery, giftware, luggage, local foods and teas and souvenirs.
King Power has also struck an important agreement at Xi’An Airport, a major tourist location and the capital of Shaanxi Province. Xi’an is the city where the famed Terra Cotta Warriors and Horses – listed by UNESCO in 1987 as a world cultural heritage site – are located.
The city is also the largest industrial centre in China’s midwest and northwest.
King Power took up its three-year contract on 1 December 2007. It is operating two airside duty paid shops over 217sq m, selling similar categories as in Chongqing.
King Power Managing Director Travel Retail and Duty Free Sunil Tuli told The Moodie Report: “Given the growth and potential of domestic air travel in China, these are important contracts for us. We are very pleased to have secured them at such major cities.”
He said the company is currently eyeing a range of opportunities for expansion in China and beyond. King Power now has flourishing domestic market interests in China, India and South Korea and is enjoying buoyant sales of its own-label Antares brand in these and travel retail locations.
Sunil Tuli will be a speaker at The ACI Airport Business & Trinity Forum in Shanghai, China on 31 March-2 April. Click here for the full programme and registration details.
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