Apr 22 2012 |
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Abu Dhabi Duty Free registers +32% growth in sales for the first quarter of 2012
22 April 2012 - Abu Dhabi, UAE: Abu Dhabi Airports Company ( ADAC ) released today the retail revenue generated by Abu Dhabi Duty Free (ADDF) for the first quarter of 2012, which revealed record breaking sales reaching just under AED 200 million. Abu Dhabi Duty Free have posted +32.2% increase in revenue year on year, against traffic growth of 21% in the first quarter of this year.Commenting on the record sales, ADAC Chief Commercial officer, Mohammed Al Bulooki said:
"The dynamic growth of the first quarter is due to a combination of factors. The completion of Terminal 1 refurbishment in the fourth quarter of 2011 has significantly increased the width and breadth of the range in Terminal 1, which is now at parity with the quality of the retail offer in Terminal 3. Moreover, ADDF continuously focuses on providing value for money across its business, as well as a comprehensive range to meet all consumers' expectations. ADDF's partnership with DFS, is delivering an increasing number of exclusive launches within Perfume and Cosmetics that are really paying dividends to the revenue growth. Increased penetration and conversion has seen the average spend transaction value at Abu Dhabi International Airport to become one of the highest in the region."
"ADDF's commitment to providing its customers with the most luxurious brand line up within an airport in the Middle East, whilst continuing to drive the core traditional categories, is reflected in this excellent start to 2012. The company will continue to focus on service, value, width and breadth of range, luxury offering, exclusive brands and launches to drive Abu Dhabi Duty Free to even higher levels of success" added Al Bulooki.
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About
Abu Dhabi Airports Company
(
ADAC
)
Abu Dhabi Airports Company
(
ADAC
) is a public joint-stock company wholly owned by the Abu Dhabi Government. It was incorporated by Amiri Decree number 5, issued on 4 March 2006, to spearhead the development of the Emirate's aviation infrastructure. In September 2006,
ADAC
assumed responsibility for the operation and management of Abu Dhabi and Al Ain International Airports. In 2008,
ADAC
added Al Bateen Executive Airport (an exclusive private aviation airport), and Sir Bani Yas and Delma Island Airports to its portfolio. These airports are geared to serve the various segments of air travellers, the aviation marketplace, and will help contribute to Abu Dhabi's development as a destination for both business and leisure tourism.
Currently under way is the multi-billion dollar re-development and expansion of Abu Dhabi International Airport designed to increase the overall capacity of the airport to more than 40 million passengers per year. As part of this redevelopment, a second runway and a third terminal have been completed.
© Press Release 2012
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