Dubai Duty Free sales surge 78% to hit $1.74bln in 2022

Dubai Duty Free sales surge 78% to hit $1.74bln in 2022

Dubai Duty Free, which recorded over 17.3 million transactions throughout 2022, has announced annual sales of AED6.339 billion ($1.74 billion) representing a 78% increase over the previous year.

A sign that the operation was on track for a strong recovery after two challenging years was evident in August, when it recorded a 104% increase in sales for the first eight months of the year, when sales reached $1.06 billion.

December sales were further fuelled by Dubai Duty Free’s 39th anniversary celebrations when the operation offered a 25% discount from December 18-20, which resulted in a shopping spree of AED107.3 million ($29.4 million) during the 72-hour period.

Reflecting on the year at Dubai Duty Free, Colm McLoughlin, Executive Vice Chairman & CEO, said: “We are thrilled to announce such a positive year as travel returns, during which the operation went from strength to strength. I would like to thank our Chairman, H.H. Sheikh Ahmed bin Saeed Al Maktoum, for his ongoing support and I join him in thanking our great team of staff, our suppliers and of course our customers, who are fundamental to our continued growth and success.”

The operation recorded over 17.3 million sales transactions throughout the year, or an average of 46,912