UK missing out on the full spending power of returning Chinese tourists

27-12-22

The UK economy is set to miss out on the full spending power of Chinese tourists as they return to Europe, according to new findings from Planet, a global technology leader providing integrated software, payment, and technology solutions.

Planet’s latest Intelligence report reveals an increase in retail spend on Tax Free shopping by Chinese shoppers across much of Europe. In November, Chinese shoppers were among the top five spenders in France, Italy, and Germany.

Nearly half of Chinese tourist spending in Europe took place in France, followed by Germany, Italy, and Spain. At the beginning of 2022, this order was reversed.