Coty-owned skin care brand Lancaster saw sales on Hainan Island multiply by five year-on-year, boosting the beauty major’s confidence in building its skin care presence in China.
Beauty titan Estée Lauder Companies is expecting a slow recovery in China’s crucial travel retail hotspot of Hainan and does not anticipate things to be “fully back to normal” by the next fiscal year, said its CFO.
Japanese retail and media conglomerate istyle Inc is aiming to boost the fortunes of Japanese beauty brands in China with a new @cosme duty-free store at the new Haikou International Duty Free City.
From pop-ups to new launches, and digital immersion to sustainability, we reveal how major brands and duty-free retail giants are expecting an imminent travel retail beauty boom as travellers once again take to the skies.
The beauty category is set to be one of the major growth drivers of Asia Pacific’s travel retail industry as people once again undertake cross-border trips.
China’s Hainan Island prospered as domestic travel boomed in wake of COVID-19, triggering staggering growth for luxury beauty brands on the island. But is Hainan’s remarkable growth here to stay when international travel takes flight again?
Pola Orbis Holdings is aiming to capitalise on the growing popularity of the POLA brand in China by launching up to five additional doors on Hainan Island this year.
Pola Orbis Holdings is aiming to capitalise on the growing popularity of the POLA brand in China by launching up to five additional doors on Hainan Island this year.