China Tourism Group Duty Free Secures Long-Term Duty-Free Contract at Beijing Capital Airport T3

China Tourism Group Duty Free Corporation Limited Class H ( (HK:1880) ) has issued an update.

China Tourism Group Duty Free Corporation Limited has announced that its wholly owned subsidiary, China Duty Free Group Co., Ltd., has signed a project agreement with Beijing Capital Airport Commercial & Trading Co., Ltd. to operate duty-free stores in the international departure and arrival isolation area of Terminal 3 at Beijing Capital International Airport. The project covers a retail space of 10,646.74 square meters, with the operating term running from the later of 11 February 2026 or the delivery date until 10 February 2034, and a fee structure based on guaranteed operating expenses starting at RMB480.27 million in the first year plus a sales-based commission that rises annually until the fifth year. The agreement also allows for adjusted commission terms for lower-margin, high-appeal products to enhance competitiveness and consumer experience. The company will use the subsidiary as the operating vehicle for these duty-free stores, and expects the project to further consolidate its competitive edge in core airport channels and have a positive impact on its future operating performance.

The most recent analyst rating on (HK:1880) stock is a Buy with a HK$90.00 price target. To see the full list of analyst forecasts on China Tourism Group Duty Free Corporation Limited Class H stock, see the HK:1880 Stock Forecast page.

More about China Tourism Group Duty Free Corporation Limited Class H

China Tourism Group Duty Free Corporation Limited is a leading Chinese travel retail operator focused on duty-free and tax-free sales, primarily operating duty-free stores in major transport hubs such as airports and providing retail services to international travelers.

Average Trading Volume: 4,624,175

Technical Sentiment Signal: Buy

Current Market Cap: HK$199.8B

See more data about 1880 stock on TipRanks’ Stock Analysis page.