Haikou City is the capital of Hainan province, a free zone and major tourism destination that aims to displace international destinations as the luxury goods marketplace of the world. Photo: Shutterstock Haikou City is the capital of Hainan province, a free zone and major tourism destination that aims to displace international destinations as the luxury goods marketplace of the world. Photo: Shutterstock
Haikou City is the capital of Hainan province, a free zone and major tourism destination that aims to displace international destinations as the luxury goods marketplace of the world. Photo: Shutterstock
Daniel Langer
Opinion

Opinion

Daniel Langer

Will China’s Hainan island kill the duty free industry? International shopping sprees are out now the tropical paradise lets domestic travellers leave with US$15,000 of tax free goods

  • Gen Z are profiting from new regulations allowing each local visitor to buy several Louis Vuitton or Gucci products tax-free after a short domestic flight
  • South Korea, New York, Los Angeles, Paris and Milan will all lose out as Chinese consumers visit the ‘Hawaii of China’ to stock up on luxury goods

Haikou City is the capital of Hainan province, a free zone and major tourism destination that aims to displace international destinations as the luxury goods marketplace of the world. Photo: Shutterstock Haikou City is the capital of Hainan province, a free zone and major tourism destination that aims to displace international destinations as the luxury goods marketplace of the world. Photo: Shutterstock
Haikou City is the capital of Hainan province, a free zone and major tourism destination that aims to displace international destinations as the luxury goods marketplace of the world. Photo: Shutterstock
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Daniel Langer

Daniel Langer

Daniel Langer is the CEO of the leading luxury, lifestyle and consumer brand strategy firm Équité (equitebrands.com), and the professor of luxury strategy and extreme value creation at Pepperdine University in Malibu, California. He consults some of the most iconic luxury brands in the world, is the author of several luxury management books, a frequent media commentator, a global keynote speaker, and holds luxury masterclasses in Europe, the USA, and Asia. Follow @drlanger on Twitter