Duty Free Philippines Corporation doubles growth rate in 2019

MANILA – Duty Free Philippines Corporation (DFPC) has doubled its year-on-year sales growth to +4 percent in 2019 compared to +2 percent in 2018.


DFPC has maintained its strong growth trajectory as the agency’s consolidated sales reached more than USD 226 million in 2019 from USD 217 million in 2018.

According to DFPC Chief Operating Officer Vicente Pelagio A. Angala, the Philippines’ hosting of the Southeast Asian Games and the opening of Duty Free Luxe have significant contributed to the upswing.

He also noted that the growing number of tourists visiting the newly-rehabilitated Boracay Island via Kalibo Airport has been beneficial to DFPC sales.

Filipino tourists, balikbayans or visiting Filipinos who live overseas, and overseas Filipino workers (OFWs) remained the top source market with a share of 85 percent.

Confectionery is still the major growth driver, with 31 percent share of the total sales, followed by liquor (21 percent), fragrance and cosmetics (18 percent), and fashion merchandise (10 percent).

DFPC has met a number of significant milestones last year including the opening of “Go Lokal’s” Marahuyo in November.

“In line with the directive of Department of Tourism (DOT) Secretary Bernadette Romulo-Puyat and in partnership with the Department of Trade and Industry (DTI), we have augmented our product portfolio which now includes more local artisans,” said Angala.

The initial collection featured at Marahuyo shows the country’s creativity as the pieces are distinctly Filipino.

With the agency’s strong commitment to giving top local products a global audience, DFPC was recognized as “Highly Commended CSR Initiative of the Year “at the 2019 Frontier Awards in Cannes, France for supporting The Micro Small & Medium Enterprises (MSMEs) .

“We have always recognized the vital role that we play in making the Philippines a globally recognized quality destination. To realize that vision, we have officially launched Duty Free Luxe. It is a downtown store that will put the Philippines as a top-of-mind shopping destination to boost the country’s shopping tourism,” said Angala.

DFPC has expanded the list of exclusive brands that it carries which now includes – Gucci Beauty, Armani Beauty, Hogan, and MCM.

In 2019, DFPC has also embarked on the long-awaited renovation of the Fiestamall and NAIA Terminal 1 Arrival stores.

“Before the end of 2019, we have unveiled the newly-renovated Fiestamall. The elegant and more functional design will welcome customers particularly the remodeled food court, building facade, Customer Relations Registration lobby, and tourist lounge,” Angala added.

DFPC is expected to maintain the momentum in 2020 with the opening of Duty Free store at the Hilton Sun Valley Resort inside Clark Freeport Zone by the first quarter of this year.

DFPC is the country’s sole operator of the duty-and tax-free merchandising system. As a Government Corporation, it is a vital component of the DOT as it contributes to the efforts in the development of the country’s tourism infrastructure, programs, and projects through revenue remittances.

COMMENTS

Name

Alabang,1,Allianz,1,Appliances,1,Arts,1,Attractions,2,Awards Night,1,Ayala Foundation,1,Banahaw Spring Purified Water,1,Bataan,1,Beauty,2,Beauty & Fashion,5,Beauty for a Better Life,1,BGC,2,Blogging,1,Body Care,1,Breakfast,1,breakfast protein,1,Buona Vita,1,Buona Vita Ristorante Italiano,1,Business,2,cafe,1,cafe pronto,1,Cebu,1,Cebuana Lhuillier,2,Centex,1,Christmas,4,Clark,1,College,1,Comedy,1,Community Service,1,Crimson,1,Cubao,1,Dating,1,Dental,1,dessert,1,Dining,1,Duty Free,6,Education,2,energy boost,1,Entertainment,3,Event,1,Events,10,Eyebrows,1,Family,1,Featured,2,Filinvest,1,Finance,3,Fine Dining,1,Fitness,1,Food,7,Fujidenzo,1,Gardening,1,Grand Hyatt,1,Hair Care,1,Halloween,1,Health,4,Health & Fitness,9,Healthy Active Lifestyle,3,healthy breakfast,2,Heath & Fitness,1,Herbalife,3,Herbalife Nutrition Asia Pacific Wellness Tour,1,Home Care,3,Hospitality,1,Hotels,4,Household Services,1,Hygiene,1,Kabuhayan,1,Kiwanis Club,1,Lifestyle,33,Lifestyle. Pageant,1,Liquor,1,Loreal Foundation,1,Loreal Philippines,1,Love,2,Mad4Arts,1,Malaysia,1,Mandaluyong,1,Marco Polo,3,Marketing,1,Media Fitness Challenge,1,Mercury Drug,2,Miss Teen Philippines,1,Miss Universe 2017,1,MMA,1,Mobile Application,1,Molito,1,Monty Python's Spamalot,1,Movies,1,Museums,1,Musical,1,Nutrition,1,OFW,3,ONE Championship,2,Online Shop,3,Oral Care,1,Ortigas,1,Palawan,1,Parañaque,1,Parenting,2,Parks,2,Party,1,Pasay,1,Pasig River,1,PHA,1,PHA Heart Run,1,Philippine Heart Association,1,Philippine Volcanoes,1,Philippines,2,Planner,3,Plants,1,PRCC,1,Press Release,50,Product Launch,1,Productivity,1,Products,1,protein,1,protein shake,1,PRRC,1,quarantine food,1,Quick Travel Stories,1,Real Estate,1,Recipes,1,Relationships,3,Reproductive Health,1,Rescue,1,Restaurants,2,Salon,1,Shopee,1,Shopping,10,Shopping Malls,5,Show Business,1,Siquijor,1,SM,1,Social Awareness,2,Sports,3,Suppliers,1,Susan Bowerman,1,Tag Media,6,takeaway,1,Tanduay,3,Tanduay Store,1,Technology,6,Teeth,1,Thanksgiving,1,Theater,1,Theme Parks,1,Tourism,2,Travelbook.ph,1,Travelooza,1,Travels,5,Tree Top Adventure,1,Typhoon Henry,1,UBP,1,United Bloggers Philippines,1,UnliCity,1,UpStart Productions,1,Warehouse,1,Warner Bros. DC SUPER HEROES,1,Website,1,Wedding,1,Wines,1,Women's Health,2,Zambales,1,Zoomanity,4,Zoomanity Group,3,
ltr
item
What's Hot Manila: Duty Free Philippines Corporation doubles growth rate in 2019
Duty Free Philippines Corporation doubles growth rate in 2019
What's Hot Manila
https://www.whatshotmanila.com/2020/01/duty-free-philippines-corporation.html
https://www.whatshotmanila.com/
https://www.whatshotmanila.com/
https://www.whatshotmanila.com/2020/01/duty-free-philippines-corporation.html
true
5455537912094172185
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy