Who spends the most?
By Lydia Chen |
May 9, 2011, Monday
|
Print Edition
Print Edition
CHINESE tourists have again topped a list of big spenders in France.
A report by Global Blue has found that Chinese visitors spent an average of 1,300 euros (US$1,900) every time they hit the shops.
It was the second year running that China topped the list and the latest figure represented a 60 percent increase on 2009, the report by the tourist tax refund services provider said.
Overall, tourist spending in France rose 35 percent in 2010 to 3 billion euros, with the Chinese spending 650 million, confirming France as the most popular shopping destination in Europe for foreigners.
The report's figures are based on requests for value added tax refunds, which can be made for any purchase above 175 euros.
Russian tourists remained in second place with 220 million euros in purchases in France last year, a jump of 30 percent from 2009. Brazilians followed with expenditure in French shops rising 56 percent to 100 million euros last year.
The South American country was described by Eric Noyal, head of Global Blue, as "the new major growth element" in the shopping demographic.
Spending by Brazilians was up 53 percent in the first three months of this year, the biggest increase of all nationalities, the report noted. However, Brazilians only spent around 650 euros each last year and made up just 6 percent of total tourist sales.
Chinese accounted for 16 percent of sales to tourists from outside the European Union, followed by 10 percent to Russians, 9 percent to both Middle Eastern and Japanese shoppers and 6 percent to those from the United States.
Luxury brands such as Louis Vuitton, Givenchy and Dior were among the biggest beneficiaries, with their products especially popular with tourists from China, South Korea and Japan, the report said.
The report echoed a similar conclusion in the UK's annual GlobeShopper Calendar survey last month.
Shoppers outside Britain are expected to drive the takings of London's retailers by 2 billion pounds (US$3.27 billion) this year and most of the shoppers will come from China, Russia, UAE, Kuwait and Nigeria, New West End Company said in the survey.
The company, which represents 600 retailers in London's most famous shopping streets, said China is currently the 4th biggest spender in the city with average expenditure of 1,310 pounds per visit, behind Saudi Arabians' 1,974, Kuwaitis' 1,780 and Nigerians' 1,650.
Chinese shoppers may account for up to 30 percent of London retailers' turnover in the future, the firm said.
Boston Consulting Group Inc forecast earlier that spending by Chinese tourists will jump almost five times to 1.5 trillion yuan in 2020, triple that of Japanese.
A record 57.39 million Chinese took out-bound trips in 2010 - the fourth-largest number worldwide according to the United Nations World Tourism Organization - an increase of 20.4 percent from the previous year.
The number is expected to rise to 65 million this year, according to China's National Tourism Administration.
A report by Global Blue has found that Chinese visitors spent an average of 1,300 euros (US$1,900) every time they hit the shops.
It was the second year running that China topped the list and the latest figure represented a 60 percent increase on 2009, the report by the tourist tax refund services provider said.
Overall, tourist spending in France rose 35 percent in 2010 to 3 billion euros, with the Chinese spending 650 million, confirming France as the most popular shopping destination in Europe for foreigners.
The report's figures are based on requests for value added tax refunds, which can be made for any purchase above 175 euros.
Russian tourists remained in second place with 220 million euros in purchases in France last year, a jump of 30 percent from 2009. Brazilians followed with expenditure in French shops rising 56 percent to 100 million euros last year.
The South American country was described by Eric Noyal, head of Global Blue, as "the new major growth element" in the shopping demographic.
Spending by Brazilians was up 53 percent in the first three months of this year, the biggest increase of all nationalities, the report noted. However, Brazilians only spent around 650 euros each last year and made up just 6 percent of total tourist sales.
Chinese accounted for 16 percent of sales to tourists from outside the European Union, followed by 10 percent to Russians, 9 percent to both Middle Eastern and Japanese shoppers and 6 percent to those from the United States.
Luxury brands such as Louis Vuitton, Givenchy and Dior were among the biggest beneficiaries, with their products especially popular with tourists from China, South Korea and Japan, the report said.
The report echoed a similar conclusion in the UK's annual GlobeShopper Calendar survey last month.
Shoppers outside Britain are expected to drive the takings of London's retailers by 2 billion pounds (US$3.27 billion) this year and most of the shoppers will come from China, Russia, UAE, Kuwait and Nigeria, New West End Company said in the survey.
The company, which represents 600 retailers in London's most famous shopping streets, said China is currently the 4th biggest spender in the city with average expenditure of 1,310 pounds per visit, behind Saudi Arabians' 1,974, Kuwaitis' 1,780 and Nigerians' 1,650.
Chinese shoppers may account for up to 30 percent of London retailers' turnover in the future, the firm said.
Boston Consulting Group Inc forecast earlier that spending by Chinese tourists will jump almost five times to 1.5 trillion yuan in 2020, triple that of Japanese.
A record 57.39 million Chinese took out-bound trips in 2010 - the fourth-largest number worldwide according to the United Nations World Tourism Organization - an increase of 20.4 percent from the previous year.
The number is expected to rise to 65 million this year, according to China's National Tourism Administration.
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