Tourist tax cost UK £1.3bn in 2025

The 'tourist tax' cost the UK £1.3bn in lost spending from Chinese tourists in 2025, according to research by the Association of International Retail.

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Global Blue data shows slowing tax-free shopping growth Latest Global Blue data highlighted a deceleration in tax-free shopping across Continental Europe and the Asia Pacific, with a modest 2% year-over-year growth in March. according to Stifel. This represents a significant drop from the 10% growth observed in February and the robust 29% and 21% increases seen in January and the fourth quarter of 2024, respectively. In Continental Europe, the growth of tourist tax-free spending slowed to 7% in March from 9% in February, a downturn from the 19% growth in January and the 16% increase in the fourth quarter of 2024. While spending by U.S. tourists slowed in March, it remained strong overall. Chinese tourist spending showed some sequential improvement but was still relatively subdued at 6% growth in March compared to a decline of 11% in February and a slight increase of 1% in January. Spending by tourists from the Gulf Cooperation Council (GCC) countries dropped to -12% in March, although a rebound is anticipated in April due to the shifting Ramadan calendar. The Asia Pacific region saw a reversal in momentum, with tourist tax-free spending declining by 7% in March after experiencing 10% growth in February, a sharp 46% increase in January, and a 16% rise in the fourth quarter of 2024. Japan’s tax-free spending fell to -7% in March, impacted by foreign exchange fluctuations, while Singapore saw a substantial decline of 21% in March. This overshadowed the continued strength in South Korea. Spending by Mainland Chinese tourists in the region also weakened, dropping to -1% in March from a 19% increase in February and an 87% surge in January. The fresh data from Global Blue indicates that luxury companies may report a softening in tax-free spending, particularly for Chinese tourists in the Asia Pacific, with a weak exit rate in Japan, as well as softening trends in Europe, partially influenced by calendar effects for GCC tourists transitioning from March to April. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Tax Free Shopping, Italia prima destinazione in Europa nel 2024 MILANO (ITALPRESS) – Il 2024 ha consolidato il posizionamento dell’Italia come una delle mete di shopping preferite dai turisti di tutto il mondo, la prima in Europa.La spesa Tax Free dei visitatori extra-UE n...

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Is There No Sales Tax in Delaware? | PhillyBite Magazine Thanks to its lack of sales tax, Delaware stands out as a haven for shoppers. That's right – whether you're buying clothes, electronics, or that new car

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What is The Smallest Town in Delaware State? | PhillyBite Magazine Delaware, the second smallest state in the U. S. , is known for its charming towns and laid-back atmosphere. But nestled within this already diminutive stat

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