China Duty Free Group (CDFG), the world’s largest travel retail operator, announced its full-year performance for 2023: the company maintained its focus on the duty-free business, achieving a revenue of $10.54 billion (67.54 billion RMB), up 24.1% YoY, and a net profit attributable to shareholders of $1.05 billion (6.71 billion RMB), up 33.5% YoY. Hainan remained the core region, contributing 58.7% of revenue, followed by Shanghai at 26.4%. China Duty Free operates about 200 duty-free shops across more than 100 cities in over 30 provinces, municipalities, autonomous regions, and countries.