Global Blue reports a 17% year-on-year growth in Tax Free Shopping for October 2024. Continental Europe saw a 12% increase in issued Sales in Store, driven by a 14% rise in shopper numbers, despite a 2% decrease in average spend. GCC shoppers led with 29% growth, followed by Mainland Chinese at 15%. In Asia Pacific, sales grew 29%, with a 32% increase in shoppers but a 2% decrease in average spend. Mainland Chinese spending in Asia Pacific surged 50%, while destination markets showed strong performance: South Korea (+42%), Japan (+32%), and Singapore (+16%).
Global Blue riporta una crescita del 17% anno su anno nel Tax Free Shopping per ottobre 2024. L’Europa continentale ha registrato un aumento del 12% nelle vendite in negozio, sostenuto da un rialzo del 14% nel numero di acquirenti, nonostante una diminuzione del 2% nella spesa media. I compratori del GCC hanno guidato con una crescita del 29%, seguiti dai cinesi della terraferma con il 15%. Nella regione Asia-Pacifico, le vendite sono cresciute del 29%, con un incremento del 32% nei visitatori, ma una diminuzione del 2% nella spesa media. La spesa dei cinesi della terraferma nella regione Asia-Pacifico è aumentata del 50%, mentre i mercati di destinazione hanno mostrato buone performance: Corea del Sud (+42%), Giappone (+32%) e Singapore (+16%).
Global Blue reporta un crecimiento del 17% interanual en compras libres de impuestos para octubre de 2024. Europa continental vio un aumento del 12% en ventas en tienda, impulsado por un aumento del 14% en el número de compradores, a pesar de una disminución del 2% en el gasto promedio. Los compradores del GCC lideraron con un crecimiento del 29%, seguidos de los chinos del continente con un 15%. En Asia-Pacífico, las ventas crecieron 29%, con un incremento del 32% en compradores pero una disminución del 2% en el gasto promedio. El gasto de los chinos del continente en Asia-Pacífico se disparó un 50%, mientras que los mercados de destino mostraron un fuerte rendimiento: Corea del Sur (+42%), Japón (+32%) y Singapur (+16%).
Global Blue는 2024년 10월 세금 환급 쇼핑에서 전년 대비 17% 성장했다고 보고했습니다. 유럽 대륙에서는 매장에서 발행된 매출이 12% 증가했으며, 이는 쇼핑객 수가 14% 증가한 데 힘입은 결과로, 평균 지출은 2% 감소했습니다. GCC 국가의 쇼핑객은 29% 증가하며 선두를 차지했고, 이어서 중국 본토의 증가율은 15%였습니다. 아시아 태평양 지역에서는 판매가 29% 증가했으며, 쇼핑객 수는 32% 증가했지만 평균 지출은 2% 감소했습니다. 아시아 태평양에서 중국 본토의 지출은 50% 급증하였고, 주요 목적지 시장들은 강력한 성과를 보였습니다: 한국 (+42%), 일본 (+32%), 싱가포르 (+16%).
Global Blue rapporte une croissance de 17% d’une année sur l’autre dans le Shopping Tax Free pour octobre 2024. L’Europe continentale a enregistré une augmentation de 12% des ventes en magasin, soutenue par une hausse de 14% du nombre d’acheteurs, malgré une diminution de 2% des dépenses moyennes. Les acheteurs du GCC ont mené avec une croissance de 29%, suivis par les Chinois de la Chine continentale à 15%. Dans la région Asie-Pacifique, les ventes ont augmenté de 29%, avec une hausse de 32% du nombre de clients mais une baisse de 2% des dépenses moyennes. Les dépenses des Chinois de la Chine continentale en Asie-Pacifique ont bondi de 50%, tandis que les marchés de destination ont montré de bonnes performances : Corée du Sud (+42%), Japon (+32%) et Singapour (+16%).
Global Blue berichtet von einem Jahreswachstum von 17% im Tax Free Shopping für Oktober 2024. In Kontinentaleuropa gab es einen Anstieg von 12% bei den Verkaufszahlen in den Geschäften, angetrieben durch einen Anstieg der Käuferzahlen um 14%, trotz eines Rückgangs der durchschnittlichen Ausgaben um 2%. Die Käufer aus dem GCC führten mit einem Wachstum von 29%, gefolgt von Festlandchinesen mit 15%. Im Asien-Pazifik-Raum stiegen die Verkaufszahlen um 29%, mit einem Anstieg der Käufer um 32%, jedoch einem Rückgang der durchschnittlichen Ausgaben um 2%. Die Ausgaben der Festlandchinesen im Asien-Pazifik-Raum stiegen um 50%, während die Zielmärkte starke Leistungen zeigten: Südkorea (+42%), Japan (+32%) und Singapur (+16%).
Positive
- 17% worldwide growth in Tax Free Shopping sales
- 29% growth in GCC shopper spending in Continental Europe
- 50% increase in Mainland Chinese spending in Asia Pacific
- Strong destination market performance: South Korea (+42%), Japan (+32%)
- 14% increase in number of shoppers in Continental Europe
Negative
- 2% decrease in average spend per shopper in Continental Europe
- 2% decline in average spend per shopper in Asia Pacific
- 5% decline in Germany’s Tax Free Shopping sales
- 2% softening in Hong Kong and Taiwan spending
Insights
The October 2024 Tax Free Shopping data reveals significant growth trends across major markets. Continental Europe showed a +12% increase in issued Sales in Store, driven by a
Asia Pacific demonstrated remarkable growth at
The data suggests a healthy global luxury retail market, though with some regional variations. The slight decline in average spend per shopper (-2%) across regions warrants monitoring, as it may reflect broader economic pressures and inflation impacts.
-
Fresh data from Global Blue reveals that the worldwide growth in Tax Free Shopping is positive across Continental Europe and
Asia Pacific : Issued Sales in Store like-for-like year-on-year performance reached +17% 1 in October 2024.
SIGNY,
A sustained performance in Continental Europe for international shopping
In Continental
When examining origin markets, the positive momentum in issued Sales in Store growth is solid across most nationalities. GCC shopper Tax Free Spend led the way at +
Regarding destination markets, October showed a solid performance in
A slowdown of the hyper growth Tax Free Spend in
In
The growth rate in October re-accelerated compared to +
When examining origin markets, the positive momentum in issued Sales in Store growth continued across all nationalities. Mainland Chinese Tax Free Spend led with a +
Regarding destination markets, October showed a strong performance across destinations, with
Worldwide Year-on-Year Growth Rate (2024 vs. 2023)
|
Issued SIS L/L Year-on-Year Growth |
Destination market weight in Issued SIS 2023 |
October 2024 |
September 2024 |
CY Q3 2024 |
CY Q2 2024 |
CY Q1 2024 |
|
|
|
+ |
+ |
+ |
+ |
+ |
|
|
|
+ |
+ |
+ |
+ |
+ |
|
|
|
+ |
+ |
+ |
+ |
+ |
|
|
|
– |
– |
+ |
+ |
+ |
|
Other countries |
|
+ |
+ |
+ |
+ |
+ |
|
Total Continental Europe |
|
+ |
+ |
+ |
+ |
+ |
|
|
|
+ |
+ |
+ |
+ |
+ |
|
|
|
+ |
– |
– |
– |
|
|
|
|
+ |
+ |
+ |
+ |
|
|
Total |
|
+ |
+ |
+ |
+ |
|
|
Total |
|
+ |
+ |
+ |
– |
+ |
|
Total worldwide |
|
+ |
+ |
+ |
+ |
|
Worldwide Recovery Rate (versus 2019)
| Issued SIS L/L
recovery (in % of 2019) |
Destination market weight in Issued SIS 2019 |
October 2024 |
September 2024 |
CY Q3 2024 |
CY Q2 2024 |
CY Q1 2024 |
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Other countries |
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|
|
|
|
Total Continental Europe |
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Total |
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Total |
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Total worldwide |
|
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|
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APPENDIX
GLOSSARY
– European Non-EU countries include: Shoppers who can reach destination by land transportation or less than a two hour flight. Ex: Swiss, British,
– Gulf Cooperation Council countries include:
– North East Asia countries includes:
–
ABOUT GLOBAL BLUE
Global Blue is the business partner for the shopping journey, providing technology and services to enhance the experience and drive performance.
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, Global Blue generated
For more information, please visit www.globalblue.com
Global Blue Monthly Intelligence Briefing, October 2024, Source: Global Blue
1 Growth rate variation year-on-year (2024 vs. the same period in 2023)
2 October 1 to October 7, 2024
View source version on businesswire.com: https://www.businesswire.com/news/home/20241107201087/en/
MEDIA
Virginie Alem – SVP Marketing & Communications
Mail: valem@globalblue.com
INVESTOR RELATIONS
Frances Gibbons – Head of Investor Relations
Mob: +44 (0)7815 034 212
Mail: fgibbons@globalblue.com
Source: Global Blue
FAQ
What was Global Blue’s (GB) worldwide Tax Free Shopping growth in October 2024?
Global Blue reported a 17% year-on-year growth in worldwide Tax Free Shopping for October 2024.
How did Continental Europe perform in Tax Free Shopping for Global Blue (GB) in October 2024?
Continental Europe showed a 12% growth in issued Sales in Store, with a 14% increase in shopper numbers but a 2% decrease in average spend.
What was Global Blue’s (GB) performance in Asia Pacific for October 2024?
Asia Pacific achieved 29% growth in issued Sales in Store, with a 32% increase in shopper numbers and a 2% decrease in average spend.
Which countries showed the strongest Tax Free Shopping growth for Global Blue (GB) in October 2024?
South Korea (+42%), Japan (+32%), and Spain (+21%) showed the strongest growth in Tax Free Shopping.