Global Blue Releases the Monthly Tax Free Shopping Business Update for April 2024
-
Fresh data from
Global Blue reveals that the global dynamic recovery for Tax Free Shopping accelerated across Continental Europe andAsia Pacific . -
Globally, issued Sales in Store like-for-like recovery reached 153%1 in
April 2024 compared to the same period in 2019, vs. 140%1 in Q1 2024.
SIGNY,
In Continental
Regarding origin markets, US shopper recovery accelerated, reaching 336%1 in April vs. 307%1 in Q1 ’24. The shift of the
In
In terms of origin markets, travelers from
In terms of Mainland Chinese shoppers, the worldwide issued Sales in Store like-for-like recovery reached 112%1 in April vs. 101%1 in Q1 ‘24. Within Continental
A strong year-on-year performance for international shopping
When analyzing the year-on-year variation in Tax Free Shopping growth, the worldwide issued Sales in Store like-for-like year-on-year performance reached +46% in
The issued Sales in Store in Continental
Regarding origin markets, the issued Sales in Stores growth was positively influenced by most nationalities, with GCC shoppers leading the way with a +87%3 growth rate in
In
Issued SIS L/L
(in % of 2019) |
% Issued SIS 2019 |
April 2024 |
March 2024 |
February 2024 |
January 2024 |
CY Q1 2024 |
CY Q4 2023 |
|
22% |
158% |
160% |
174% |
164% |
165% |
140% |
|
24% |
145% |
135% |
131% |
111% |
123% |
123% |
|
14% |
166% |
152% |
134% |
153% |
151% |
133% |
|
13% |
73% |
69% |
71% |
70% |
65% |
74% |
Other countries |
27% |
129% |
121% |
127% |
121% |
126% |
111% |
Total Continental Europe |
100% |
137% |
130% |
132% |
125% |
128% |
118% |
|
54% |
262% |
235% |
229% |
232% |
232% |
225% |
|
42% |
81% |
111% |
84% |
85% |
92% |
75% |
|
4% |
140% |
127% |
118% |
131% |
125% |
111% |
Total |
100% |
192% |
181% |
159% |
161% |
166% |
150% |
Total worldwide |
100% |
153% |
145% |
141% |
135% |
140% |
127% |
APPENDIX
Worldwide recovery rate (versus 2019) rate
Worldwide Year-on-Year Growth Rate (2024 vs. 2023)
Issued SIS L/L
Growth3 |
% Issued SIS 2023 |
April 2024 |
March 2024 |
February 2024 |
January 2024 |
CY Q1 2024 |
|
26% |
+13% |
+3% |
+21% |
+11% |
+11% |
|
25% |
+30% |
+20% |
+44% |
+26% |
+29% |
|
15% |
+38% |
+18% |
+52% |
+31% |
+32% |
|
8% |
+15% |
-10% |
+9% |
+20% |
+6% |
Other countries |
26% |
+24% |
+9% |
+30% |
+8% |
+16% |
Total Continental Europe |
100% |
+25% |
+9% |
+32% |
+17% |
+19% |
|
65% |
+167% |
+146% |
+170% |
+100% |
+137% |
|
27% |
-4% |
+24% |
+36% |
+15% |
25% |
|
8% |
+63% |
+96% |
+138% |
+108% |
110% |
Total |
100% |
+103% |
+102% |
+120% |
+71% |
97% |
Total worldwide |
100% |
+46% |
+33% |
57% |
+34% |
40% |
GLOSSARY
-
-
- North East Asia includes:
ABOUT
With over 40 years of expertise, today we connect thousands of retailers, acquirers, and hotels with nearly 80 million consumers across 53 countries, in three industries: Tax Free Shopping, Payments and Post-Purchase solutions.
With over 2,000 employees,
For more information, please visit www.globalblue.com
Global Blue Monthly Intelligence Briefing,
____________________
1
Recovery rate is equal to 2024 Issued Sales in Store divided by 2019 Issued Sales in Store, like-for-like (i.e.: at constant merchant scope and exchange rates).
2
3
Growth rate variation year-on-year (2024 vs. the same period in 2023)
4
View source version on businesswire.com: https://www.businesswire.com/news/home/20240507340179/en/
MEDIA CONTACTS
Mail: valem@globalblue.com
INVESTOR RELATIONS CONTACTS
Mob: +44 (0)7815 034 212
Mail: fgibbons@globalblue.com
Source: