Bahrain Duty Free to expand retail space
Bahrain Duty Free is planning to expand its retail space according to its General Manager. This follows a 24% increase in passenger traffic in the first quarter of 2004, a sales increase of 45% over the same period last year and 65% over 2002.
“We want to add another 300 to 500 square metres to the total available retail space in addition to the 200 square metre new arrivals complex opened in November last year,” said Maurice Burke.
Bahrain Duty Free is creating ‘retail pockets’ by placing key product groupings at strategic locations. It plans also to partake in Middle East Exclusive, the region’s trade show for the duty free, luxury and branded goods and travel retail market, which will be held in Dubai later this year.
Middle East Exclusive 2004, organised by Channels Exhibitions, will be held at the Dubai World Trade Centre from November 29 – December 1.
“The Middle East is one of the fastest growing regions in the world for air travel - a fact supported by statistics released recently,” said Justin Boutros, Managing Director, Channels Exhibitions.
“In the first three months of 2004, international passenger traffic in to the region, compared to the first quarter of 2003, grew by an incredible 40.3%, according to statistics compiled by the Airports Council International.
“That is more than three times the global average. Domestic air travel was also sharply up year on year, demonstrating 22% growth, four times the world average.”
The Middle East tourism sector is also growing much faster than any other region in the world, with a 10% increase in 2003 arrivals – a year that saw negative tourism growth worldwide - coming on the back of a 17% rise in 2002.
“Duty free outlets in Bahrain, Dubai and Oman all recorded significant increases in duty free sales in the first quarter of this year, which makes Middle East Exclusive a must attend industry show to find new product offerings,” added Boutros. (menareport.com)
© 2004 Mena Report (www.menareport.com)