tourist spend news and archive

Tourists spend record amount in the UK in November

London - The Brexit has done little to scare away tourists, rather the weak pound has helped led to a surge in tourism spend, which broke records last month. New data from Global Blue, retail tourism experts, shows a record increase of 41 percent year on year in November. This increase, which is on pare with October, is the highest monthly spend...

Retail

Tourists reap the benefits from plummeting pound

With the pound hitting an all time 31 year low, tourists around the globe continue to flock to the UK to take advantage of the post-Brexit economical climate and bag a luxury bargain, according to the latest data from Worldpay, leading payment company. Although UK retailers are more than likely to increase prices following the decling sterling,...

Retail

West End retailers enjoy boost in tourist spend following Brexit vote

Tourists visiting the UK have been able to benefit from the drop in the value of the pound following the Brexit vote in June, with retailers in London's West End enjoying a boost in spend. Sales at West End retailers reached 400 million pounds in July as wealthy tourist rushed to spend their money, a 4.9 percent increase on last year...

Retail

Tourist spend on the rise in the UK once more

Tourists are starting to return to their old habits and are spending more abroad whilst visiting UK once more, after a gloomy year saw travellers from key regions such as China, Russia and Malaysia put the brakes on overseas shopping. According to a Global Blue report released today, international tourist spend in the UK increased 10 percent...

Featured

Retail

Government must encourage UK retailers to safeguard International Spend

The UK government should do more to encourage international spend, otherwise UK retailers may fall even further behind other top European competitors, warns retail tourism expert Global Blue. Business leaders from the UK retail and leisure industry were summoned to Global Blue's annual forum on Thursday to discuss what can be done to safeguard...