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content/duty-free-philippines-hotline

History

The exclusive franchise to operate duty and tax free shops was originally granted to Tourist Duty Free Shops, Inc. (TDFS), a private corporation, by virtue of Presidential Decree No. 1193 (P.D. 1193) and Letter of Instruction No. 595 (LOI 595), both dated 6 September 1977. TDFS was authorized to establish, operate and maintain duty and tax free stores at all international airports and seaports, selected hotels, tourist resorts, and commercial or trading centers throughout the country for a period of twenty-five (25) years. However, this franchise was revoked by Executive Order No. 24 dated 27 June 1986.

Historical Sales Performance

DFP ended its first year with net sales of $9.6 million. Impressive double-digit growth rates followed in the next three years. By 1991, sales had reached $116.6 million, while sales swelled by 88% to $219 million in 1992.

Milestones

Duty Free Philippines has won recognition for its outstanding performance in the global duty free industry. Among the awards and citations received are:

1987
**Ranked 36th in Impact Magazine’s Top 100 Duty Free Operators in
its Wine and Spirits Survey.
**Nominated as “Best Duty Free Operator of the Year” in the Frontier
Marketing Awards.”

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