International visitors spending an estimated £2.5 billion on shopping in London
11-05-23
London is one of the most visited cities in the world, and many of its visitors come to shop. According to the latest available data from the Office for National Statistics, there were approximately 19.1 million international visits to the UK in 2021, Of those visits, shopping was listed as a main reason for travel for 14% of visitors, or about 2.7 million people.
London is a particularly popular shopping destination for tourists, given its diverse shopping scene and mix of high street and luxury brands. According to a report by Global Blue, a company that provides tax-free shopping services to international travelers, London was the most popular city in Europe for tax-free shopping in 2019, with international visitors spending an estimated £2.5 billion on shopping in the city.
Shoppers from all over the world come to London for a variety of reasons. Here are some of the main factors that make London a popular destination for shoppers:
Variety of shopping options: London is home to a wide range of shopping options, from luxury department stores like Harrods and Selfridges, to high street brands like Topshop and Zara, to independent boutiques and markets. There is something for every taste and budget, making London a one-stop destination for shoppers.
Historical significance: London has a rich history and many of its shopping destinations are landmarks in their own right. For example, Harrods, founded in 1834, is an iconic department store with a rich history and is often visited by tourists as well as locals.
Fashion capital: London is widely regarded as one of the fashion capitals of the world, alongside Paris, Milan, and New York. The city hosts several fashion events throughout the year, including London Fashion Week, which attracts buyers and fashion enthusiasts from around the world.
Exchange rate: The exchange rate between the British pound and other currencies can be favorable for shoppers from certain countries, making shopping in London a good value for money.
Tourist attractions: London is a major tourist destination with many world-famous attractions, such as Buckingham Palace, the Tower of London, and the British Museum. Shopping can be a fun and convenient way to combine a visit to these attractions with some retail therapy.
If you’re looking for a shopping experience in London, there are many options to choose from. Here are some popular shopping destinations in London:
Oxford Street: Oxford Street is one of the busiest shopping streets in London and is home to over 300 shops, including flagship stores for major brands such as Topshop, Selfridges, and John Lewis.
Regent Street: Regent Street is a historic shopping destination in London that offers a mix of high street and luxury brands, including Burberry, Apple, and Liberty.
Covent Garden: Covent Garden is a bustling shopping district that offers a mix of high street and independent brands, as well as street performers and live entertainment.
Knightsbridge: Knightsbridge is home to some of the most exclusive shopping destinations in London, including Harrods and Harvey Nichols.
Camden Market: Camden Market is a popular shopping destination for those looking for alternative and vintage fashion, as well as unique souvenirs and street food.
Westfield London: Westfield London is a large shopping center located in Shepherd’s Bush that offers a wide range of high street and designer brands, as well as restaurants, cinemas, and other entertainment options.
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