Fresh data from Global Blue reveals that the overall dynamic recovery for Tax Free Shopping has accelerated across Continental Europe and Asia Pacific.
Globally, issued Sales in Store like-for-like recovery has propelled to 118%[1] in May vs. 101%[1] in Q1 2023 and 106%[1] in April.
This acceleration of the recovery in May is due to two primary factors. First, the progressive return of Mainland Chinese shoppers in Asia Pacific, and second, the favorable calendar effect linked to Ramadan[2] in Continental Europe.