Tourist shopping spend down as Russians, Chinese rein back
Published on Aug 14, 2014 7:24 PM
BERLIN (REUTERS) - Spending on tax free shopping at leading destinations dropped for the first time since 2009 in the second quarter, with spending by Russians down sharply due to the fall in the rouble, according to a tourism shopping specialist.
Between April and June total sales in France, Italy, Britain, Germany and Singapore - which together receive around three-quarters of total global spend by foreign customers - dropped 3 per cent by value, according to data from duty free shopping group Global Blue.
"The drops are not down to a reduction in tourist numbers, but a decrease in average spend per transaction," Global Blue said in a statement on Thursday.
Spending by Russians fell 18 per cent, it said, with the impact from the weak rouble being exacerbated by effects of the crisis in Ukraine. Russians account for approximately 20 per cent of all tax-free shopping worldwide, Global Blue said.
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