According to the report of South Korea's Economic Weekly, the sales of Mancui store in Incheon Airport have plummeted by 95%, and even the larger duty-free shops have begun to close down directly. The reason for this phenomenon is very simple, mainly because the number of tourists to South COVID-19 has dropped sharply due to the epidemic. Now the number of tourists received in Korea has dropped by about 90% every day, and the airport looks empty, not to mention most tourists. Actually, I'm not here to shop. I came to Korea because of work needs, so I won't bring too much business to these duty-free shops. So today, let's discuss the truth behind the collapse of duty-free shops.

First, this is the first loss in 1 1 years.

From the financial statements provided by these duty-free shops, it can be seen that their business is really difficult to do now, and even losses have occurred. We all know that the medical and beauty industry in Korea is very developed and the profits are very high. South Korea can make huge profits through such cosmetics and medical cosmetic surgery every year. Many tourists come to Korea not for sightseeing, but to bring goods and buy a lot of duty-free cosmetics. Because Korean cosmetics are better, but the price is also higher, so in order to minimize their own expenses. Traveling to Korea has become a more cost-effective thing.

Second, the long-term blockade of the COVID-19 epidemic.

Because of the impact of the COVID-19 epidemic, airport control in various countries is very strict. Instead of letting foreign COVID-19 virus enter their country, it is better to let these airports suffer losses and then subsidize their normal operation. Therefore, under such circumstances, the daily passenger flow of these airports is very poor, and the duty-free shops in many airports directly began to close down. In order to operate, these airports want to rent out these stores again and keep bidding. However, it is obvious that the effect is not ideal, and even the rent in some areas has been reduced by half, but tenants are still not recruited.

Third, how to solve such a problem in a short time?

Because the Korean government has not developed its own vaccine, it is unrealistic to solve such a problem in a short time, because vaccines are in short supply in various countries now. Therefore, most vaccines are supplied to China and some countries with severe epidemics. South Korea can hold on for a while now, and they haven't bought many vaccines at home, so the COVID-19 epidemic can't be alleviated in a short time, so it will take a long time for the airport to resume normal operation.