THE WHAT? Dubai Duty Free has reported an annual sales increase in 2022 of 78 percent to Dh6.34 billion ($1.73 billion), according to a report by National News.
THE DETAILS Beating its own forecast, the retailer previously predicted sales of Dh5.1 billion ($1.4 billion).
Perfumes were the best selling item in 2022, accounting for 18 percent of total sales and reaching Dh1.13 billion.
THE WHY? The better-than-expected results highlight a return to glory for the travel retail industry post pandemic, with passenger traffic through Dubai International Airport said to have recovered strongly.
Colm McLoughlin, Executive Vice Chairman and Chief Executive of Dubai Duty Free, said in a statement: ““We are thrilled to announce such a positive year as travel returns, during which the operation went from strength to strength.”
Medical aesthetic products refer to a category of products used in the field of medical aesthetics, which combines medical practices with cosmetic procedures to improve the appearance of individuals. These products are typically used under the supervision of trained medical professionals such as dermatologists, plastic surgeons, or specialized nurses. They are distinct from over-the-counter cosmetics in that they often contain higher concentrations of active ingredients or require medical expertise for their application.
Examples of medical aesthetic products include:
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Dermal Fillers: Injectable substances used to restore volume, fill wrinkles, and enhance facial contours. These may include hyaluronic acid fillers like Juvederm or collagen-stimulating fillers like Sculptra.
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Botulinum Toxin (Botox): Injectable neurotoxins used to temporarily paralyze facial muscles, reducing the appearance of wrinkles and fine lines caused by facial expressions.
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Chemical Peels: Solutions containing chemical exfoliants like glycolic acid, salicylic acid, or trichloroacetic acid, used to improve skin texture, treat acne scars, and reduce hyperpigmentation.
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Laser and Light Devices: Equipment used for various skin treatments, including hair removal, skin resurfacing, tattoo removal, and treatment of vascular and pigmented lesions.
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Prescription Skincare Products: Formulations containing active ingredients such as retinoids (e.g., tretinoin), hydroquinone, or prescription-strength antioxidants, designed to address specific dermatological concerns under medical supervision.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production and improve skin texture and elasticity.
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Cosmeceuticals: High-quality skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing biologically active ingredients with proven efficacy.
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