Record tourist spend in November

Tourist spend in the UK jumped a record 41% year on year in November, as shoppers took advantage of the weak pound.

November’s performance is largely attributed to consistent spend from Asian shoppers. Chinese visitors account for 25% of the market, up 63% on the same period last year. Shoppers from Taiwan accounted for just 1% of total UK international tax-free spend, but had the highest increase of spend – up 160% year on year. Hong Kong shoppers followed closely with a spend increase of 127%, while the spend of visitors from the US increased by 88% year on year.

Gordon Clark, managing director of Global Blue UK and Ireland said: “The Christmas period is an incredibly important time for UK retailers. We expect to see an influx of tourists both pr-e and post-Christmas, as international shoppers buy unique British luxury goods to take home as presents. December 2015 saw a worrying 7% decrease, but this year is on track to deliver incredible results, given the current trading environment working in international visitors’ favour.”

Read the full article here