Industry
Another Casualty of MERS: South Korea Duty Free Sales
June 10, 2015
Lotte Duty Free, South Korea’s largest operator of duty-free shops, expects revenue-growth to slow this month as the spread of Middle East respiratory syndrome damps visitor arrivals in the country.Sales growth slowed to 5 percent in the first seven days of this month, compared with an 11 percent rise a year earlier, and could worsen as the number of visitors from China drops, Lotte Duty Free said in an e-mailed statement. In addition, some Chinese tourists are cutting short their trips, it said