May 7，The first China International Consumer Goods Expo opens in Haikou, Hainan。In the meantime，KPMG China and Moody’s Davitt Report jointly released the “Hainan Free Trade Port Tourism Retail Market White Paper” (hereinafter referred to as the white paper)。White paper display，Hainan Free Trade Port is expected to become the world’s largest 188bet online casino games market in the next two years。

Domestic air passenger volume is expected to recover to 96% before the epidemic 188bet online casino games second half of the year

White paper display，Affected by the epidemic，The global aviation industry will collapse in 2020。According to Airports Council 188bet online casino games (ACI)，Compared to forecasted baseline traffic，Global passenger traffic fell by 65% ​​in 2020。9.5 billion passengers expected this year，But there are only 3.4 billion passengers，6.1 billion passengers lost。

World 188bet online casino games Organization (UNWTO) believes，The global 188bet online casino games industry suffered its worst year ever in 2020，The number of international tourists fell by 74% year-on-year。Due to the new crown epidemic、Related decline in demand and widespread travel restrictions，The world received 1 billion fewer international tourists in 2020 than the previous year。In comparison，During the 2009 global economic crisis，This decrease is only 4%。

Pointed out by Airports Council 188bet online casino games，The operations of the 95 busiest aviation hubs in the world have come to a complete standstill。Until April 2021，188bet online casino games air travel passenger traffic remains down 89% from January 2020 levels。According to Airports Council 188bet online casino games，Most 188bet online casino games air travel markets have passenger traffic (RPK) less than 15% of 2019 levels。

According to white paper，188bet online casino games Air Transport Association (IATA) believes，Vaccination in developed countries, especially the United States and Europe, is progressing rapidly，Coupled with the comprehensive improvement of virus detection capabilities，The 188bet online casino games travel market is expected to pick up in the second half of this year，To reach 34% of 2019 demand levels。IATA stated，Strong demand at the beginning of 2020，Tend to weaken towards the end of the year，The market will be weak at the beginning of 2021，But expected to be stronger at the end of the year。Compare the data of these two years，The final result is that the 188bet online casino games travel market achieved zero growth。

Mentioned in the white paper，Domestic passenger traffic is expected to recover soon，Performed significantly better than the 188bet online casino games market。This is driven by strong GDP growth(5.2%)、Consumer disposable cash accumulated during lockdown、Driven by factors such as pent-up demand and unlimited domestic travel。

IATA estimate，The domestic 188bet online casino games may return to 96% of pre-crisis (2019) levels in the second half of 2021。This would be a 48% improvement on 2020 results。

China 188bet online casino games ranks first among the top 25 global travel retailers

The epidemic has also seriously affected the global travel 188bet online casino games sales in 2020。

According to white paper，Research data from Generation Research，The epidemic has had a huge impact on the monthly sales of the 188bet online casino games industry，Income in April and May 2020 almost completely disappeared，Modest recovery in June and July，Stable from August to October，Decreased in November，Slight increase in December。

According to data reported by Moody Davitt，Second half of 2020，Travel 188bet online casino games sales fell by about 70% year-on-year。Dubai Duty Free Airport, a traditional rival to South Korea's Incheon International Airport for industry leadership，Its sales fell 67% in 2020。

Mentioned in the white paper，The sudden drop in sales has had a big impact on the world ranking of travel 188bet online casino games retailers。2019，Industry benchmark "Top 25 Global Travel Retailers" compiled by Moody's Davitt Report，China Duty Free Group (the leading 188bet online casino games enterprise in Hainan Province) ranks 4th in the world，Second only to Dufry Group、Lotte Duty Free Group、Shilla Duty Free Group。And by the end of the first half of 2020，China Duty Free Group leads Lotte Duty Free Group，Jumped to first place，Becomes the world’s largest travel retail operator by revenue。This position will be further consolidated at the end of the year。

According to Moody’s Davitt Report，The overall sales volume of Hainan’s 188bet online casino games market in the first quarter of 2021 increased quarter-on-quarter by 22%，reached 13.9 billion yuan(21.USD 300 million)，Among them, China Duty Free Group accounts for about 90%。Despite the emergence of a new group of competitors at the end of December and early January，However, China Duty Free Group’s revenue in Hainan still increased by 329% year-on-year，increased to 12.8 billion yuan(19.USD 600 million)，Quarterly growth rate of 12%。

Hainan Free Trade Port is expected to become the world’s largest 188bet online casino games market

White paper points out，Since the official implementation of the "offshore island tax exemption" policy in 2011，Hainan Province’s outlying island duty-free industry has always been the rising star of the global 188bet online casino games industry。

Data display，2019，More than 83 million tourists entered Hainan，Most of these tourists are from other provinces in China，Driven 188bet online casino games revenue of approximately US billion。Even in 2020 when the epidemic is raging，Hainan also attracted about 64.6 million tourists，The number of tourists is only 22 lower than in 2019.2%。Although the number of arrivals decreased by 22.2%，However, the sales of duty-free shops (including duty-paid goods) on Hainan Islands increased by 127% year-on-year in 2020，reached about 327.400 million yuan(50.USD 500 million)。

According to white paper，If based on the (pre-epidemic) 2019 South Korea travel duty-free retail market (21.3 billion US dollars，the world's largest)'s best results as a reference to look at these numbers，Hainan Free Trade Port is expected to become the world’s largest 188bet online casino games market in the next two years。Early 2021，The Korean market continues to decline (a total decrease of 13% in January and February.3%)，As of April，South Korea is still seeing more than 700 new local cases every day。

Currently，South Korea continues to rely on large-scale purchasing agents to promote the development of its 188bet online casino games industry。White paper display，2020，94% of the country’s 188bet online casino games business last year was targeted at foreigners，And almost all of them are purchasing agents。Foreigners only account for 30% of the total number of customers。

White paper display，Over time，The epidemic will be effectively controlled，The situation is gradually improving，Traditional retail industry sales will gradually return to life，South Korea’s 188bet online casino games market will also usher in recovery。However, the shift in leading momentum between the South Korean and Hainan markets will continue until 2021，It may even last until 2022。

At the same time，Mentioned in the white paper，For most of 2021，Wide international travel restrictions may remain in place，Therefore, Hainan’s 188bet online casino games industry will continue to maintain strong growth momentum。Although the eventual recovery of international tourism will change Hainan’s relative revenue contribution to China and global travel retail，But it is unlikely to curb its sales growth。

*Source of this article：China-Singapore Jingwei, original title：《White paper: Hainan Free Trade Port is expected to become the world’s largest 188bet online casino games market within two years》.