2017 provides Tax Free shopping resurgence

The first month of 2017 saw positive gains across a wide breadth of tourist bases, with the BRIC nationalities providing gains of 22% in the month, which was led by gains of 64% and 29% to Brazilian and Chinese tourists, respectively. Sales to Russian tourists saw growth of 2% in the month, however significant gains were seen in some of the major destinations with growth of 33%, 42% and 40% in the UK, Italy and Spain, respectively. Sales to Indian tourists saw growth of 8% in the month, however excluding Singapore, sales to these tourists saw growth of 33% in the month.

Tourism from the GCC (Gulf Co-operation Council) was also a source of significant gains in the month, with sales Emirati and Qatari tourists growing by 48% and 45%, respectively. This was off-set by a decline to Saudi tourists of 42%, however, sales to these tourists saw gains of 36% in the corresponding period in the prior year.

Furthermore, sales to American tourists continued to see strong gains with growth of 35%, whilst sales to tourists from Hong Kong and Taiwan saw gains of 94% and 54%, respectively.

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