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Analysis of the Factors Affecting the Development of Hainan Duty-Free Economy

In: Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)

Author

Listed:
  • Jiaying Lin

    (Chongqing University of Technology, School of Economics and Finance)

Abstract

Under the background in the outbreak, duty free market outside, so Hainan islands duty-free shops has become an important place. This paper explores the factors that affect the development of Hainan’s duty-free economy. It is found that Hainan’s duty-free economy is mainly affected by four factors: tourism, luxury consumption demand, overseas COVID-19 situation and national policies. At the same time, in view of the shortcomings in the development of Hainan’s duty-free economy, this paper puts forward three suggestions: reasonable layout and further improvement of duty-free shops and surrounding supporting facilities, extension of shopping hours and increase delivery points, and strengthening multi-channel publicity.

Suggested Citation

  • Jiaying Lin, 2023. "Analysis of the Factors Affecting the Development of Hainan Duty-Free Economy," Advances in Economics, Business and Management Research, in: Vilas Gaikar & Min Hou & Sikandar Ali Qalati (ed.), Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022), pages 166-172, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-054-1_19
    DOI: 10.2991/978-94-6463-054-1_19
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