Duty Free Philippines Corporation (DFPC) has doubled a year-on-year sales expansion to +4 percent in 2019 compared to +2 percent in 2018.
DFPC has confirmed a clever expansion arena as a agency’s combined sales reached some-more than $226 million in 2019 from $217 million in 2018.
According to DFPC arch handling officer Vicente Angala, a Philippines’ hosting of a Southeast Asian Games and a opening of Duty Free Luxe have significantly contributed to a upswing.
He also remarkable that a flourishing series of tourists visiting a newly-rehabilitated Boracay Island around Kalibo Airport has been profitable to DFPC sales.
Filipino tourists, balikbayans or visiting Filipinos who live abroad and abroad Filipino workers (OFWs) remained a tip source marketplace with a share of 85 percent.
Confectionery is still a critical expansion driver, with 31 percent share of sum sales, followed by wine (21 percent), incense and cosmetics (18 percent) and conform sell (10 percent).
DFPC met a series of poignant milestones final year, including a opening of Go Lokal’s Marahuyo in November.
“In line with a gauge of Department of Tourism (DOT) Secretary Bernadette Romulo-Puyat and in partnership with a Department of Trade and Industry (DTI), we have augmented a product portfolio that now includes some-more internal artisanal items,” pronounced Angala.
The initial collection featured during Marahuyo shows a country’s creativity as a pieces are clearly Filipino.
With a agency’s clever joining to giving tip internal products a tellurian audience, DFPC was famous as “Highly Commended CSR Initiative of a Year ” during a 2019 Frontier Awards in Cannes, France for ancillary micro tiny middle enterprises (MSMEs).
“We have always famous a critical purpose that we play in creation a Philippines a globally famous peculiarity destination. To comprehend that vision, we have strictly launched Duty Free Luxe. It is a downtown store that will put a Philippines as a top-of-mind selling end to boost a country’s selling tourism,” pronounced Angala.
DFPC has stretched a list of disdainful brands that it carries, that now includes Gucci Beauty, Armani Beauty, Hogan and MCM.
In 2019, DFPC also embarked on a long-awaited restoration of a Fiestamall and NAIA Terminal 1 Arrival stores.
DFPC is approaching to say a movement in 2020 with a opening of Duty Free store during a Hilton Sun Valley Resort inside Clark Freeport Zone by a initial entertain of this year.
DFPC is a country’s solitary user of a duty-and tax-free merchandising system. As a supervision corporation, it is a critical member of a DOT as it contributes to a growth of a country’s tourism infrastructure, programs and projects by income remittances.