Global Blue Releases the Monthly Tax Free Shopping Business Update for October 2023
Retrieved on:
Thursday, November 9, 2023
New data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has remained solid across Continental Europe, with a continued acceleration in Asia Pacific.
Key Points:
- New data from Global Blue (NYSE:GB) reveals that the global dynamic recovery for Tax Free Shopping has remained solid across Continental Europe, with a continued acceleration in Asia Pacific.
- Excluding Mainland Chinese and Russian shoppers, the recovery would have reached 154%1 in October vs. 157%1 in Q3 ‘23.
- Regarding origin markets, US residents maintain a strong level of recovery, reaching 260%1 in October vs. 258%1 in Q3 ‘23.
- Mainland Chinese shoppers have also remained strong, with a recovery rate reaching 109%1 in October vs. 105%1 in Q3 ‘23.