Global Blue Releases the Monthly Tax Free Shopping Business Update for May 2024
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Fresh data from
Global Blue reveals that the global dynamic recovery for Tax Free Shopping accelerated across Continental Europe andAsia Pacific .
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Globally, issued Sales in Store like-for-like recovery reached 172%1 in
May 2024 compared to the same period in 2019, vs. 153%1 inApril 2024 and 140%1 in Q1 2024.
SIGNY,
Globally,
In terms of origin markets, Mainland Chinese shopper recovery continues to accelerate, reaching 132%1 in May versus 112%1 in April and 101%1 in Q1, yet with different dynamics across regions.
Regarding other nationalities, the recovery is also accelerating, with rates of 210% in May, versus 187% in April and 177% in Q1.
In Continental Europe,
In
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 +47%3 in
The issued Sales in Store in Continental
In
APPENDIX
Worldwide recovery rate (versus 2019) rate
Issued SIS L/L recovery1 (in % of 2019) |
% Issued SIS 2019 |
May 2024 |
April 2024 |
March 2024 |
February 2024 |
CY Q1 2024 |
CY Q4 2023 |
|
22% |
170% |
158% |
160% |
174% |
165% |
140% |
|
24% |
164% |
145% |
135% |
131% |
123% |
123% |
|
14% |
169% |
166% |
152% |
134% |
151% |
133% |
|
13% |
73% |
73% |
69% |
71% |
65% |
74% |
Other countries |
27% |
127% |
129% |
121% |
127% |
126% |
111% |
Total Continental Europe |
100% |
145% |
137% |
130% |
132% |
128% |
118% |
|
54% |
360% |
262% |
235% |
229% |
232% |
225% |
|
42% |
103% |
81% |
111% |
84% |
92% |
75% |
|
4% |
164% |
140% |
127% |
118% |
125% |
111% |
Total |
100% |
250% |
192% |
181% |
159% |
166% |
150% |
Total worldwide |
100% |
172% |
153% |
145% |
141% |
140% |
127% |
Worldwide Year-on-Year Growth Rate (2024 vs. 2023)
Issued SIS L/L Year-on-Year Growth3 |
% Issued SIS 2023 |
May 2024 |
April 2024 |
March 2024 |
February 2024 |
January 2024 |
CY Q1 2024 |
|
26% |
+14% |
+13% |
+3% |
+21% |
+11% |
+11% |
|
25% |
+29% |
+30% |
+20% |
+44% |
+26% |
+29% |
|
15% |
+33% |
+38% |
+18% |
+52% |
+31% |
+32% |
|
8% |
-7% |
+15% |
-10% |
+9% |
+20% |
+6% |
Other countries |
26% |
+21% |
+24% |
+9% |
+30% |
+8% |
+16% |
Total Continental Europe |
100% |
+19% |
+25% |
+9% |
+32% |
+17% |
+19% |
|
65% |
+222% |
+167% |
+146% |
+170% |
+100% |
+137% |
|
27% |
+2% |
-4% |
+24% |
+36% |
+15% |
25% |
|
8% |
+58% |
+63% |
+96% |
+138% |
+108% |
110% |
Total |
100% |
+134% |
+103% |
+102% |
+120% |
+71% |
97% |
Total worldwide |
100% |
+47% |
+46% |
+33% |
57% |
+34% |
40% |
GLOSSARY
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- 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)
View source version on businesswire.com: https://www.businesswire.com/news/home/20240607198692/en/
MEDIA
Mail: valem@globalblue.com
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