By: Steve

Steve — Mon, 21 Sep 2020 11:41:31 +0000

Seduced by the savings obtained through tax refunds, Chinese tourists took advantage of Golden Week to travel to France by spending in French shops around € 1,715 per transaction, or 3% more than during Golden Week 2017, according to data. from Planet.
This year, Italy and Germany have seen better growth than France in tax-free spending compared to Golden Week 2017, but France remains the first country in terms of tax-free sales, with an average basket of 1,123 € (+ 10.2% compared to 2017) for Italy and € 714 (+ 18.4% compared to 2017) for Germany. On the other hand, Spain and the United Kingdom are the countries in which Chinese travelers have benefited the least from tax-free sales, with average spending of 554 euros (-3.8% compared to 2017) and 397 € (- respectively) 1.1% compared to 2017).
In 2018, 7 million Chinese tourists traveled abroad during Golden Week, up from 6 million in 2017. For the second year in a row, France is the European country where Chinese tourists spent the most during this period.
“Despite the depreciation of the yuan which is impacting the arrival and spending of Chinese tourists, they still contribute as much to the increase in revenue in the French tourism sector. Indeed, the Chinese remain in the Top 3 of international visitors
in France and in Europe. The challenge for the next few months will be to make France and its boutiques ever more attractive to international Chinese customers. And tax refunds play an essential role in the attractiveness of this essential clientele. According to our data, for the second half of 2018, despite the impact of possible macroeconomic events, we should see a balance between sales growth and arrivals of Chinese international tourists ”, explains Denis Leroy, Chairman and CEO France & Benelux from Planet.
Denis Leroy notes that “the Chinese now travel more and more independently than on organized group trips”.
In fact, in recent months, two trends have been emerging very clearly: the decrease in the number of people in groups and the reduction in the number of countries visited.
Chinese tourists, who are the most numerous foreign tourists to visit France and who today represent 32% of total tax-free sales in France, will be even more numerous tomorrow and will have even greater purchasing power. There is also a new phenomenon: the increase in arrivals and spending of millennials. “More connected and more independent, Chinese millennials are particularly demanding

By: Eric

Eric — Thu, 21 Dec 2017 05:51:44 +0000

Commentse consumer are Changing and world need to adapt

Comments on: China +5% GPD 2024: Chinese Consumers keep Spending

By: Steve

By: Eric