China Duty Free Reports RMB 53.7 Billion Revenue in 2025 on Travel Retail Recovery

China Tourism Group Duty Free Corporation reported solid 2025 results, underscoring resilience in global travel retail despite ongoing market volatility.

The company posted total revenue of RMB 53.694 billion, with its core duty-free segment contributing RMB 39.165 billion. Duty-paid operations added RMB 13.388 billion, reflecting a diversified revenue base.

The performance highlights continued recovery in international travel and strong consumer demand in Asia’s duty-free market. Industry observers note that scale, location advantage, and integrated retail strategies remain key drivers as competition intensifies across global airport and tourism retail channels.