Fresh data from Global Blue shows the dynamic recovery for Tax Free Shopping has been accelerating across Continental Europe and Asia Pacific.
In Continental Europe, issued sales in store like-for-like reached a recovery of 107% in December vs. the same period in 2019. US nationals continue to lead this recovery.
In Asia Pacific, the dynamic recovery continues to propel, reaching 90% in December vs. the same period in 2019. Issued sales in store on a like-for-like basis in Japan have surpassed 2019 levels.
In China, the government has officially reopened its borders and eased travel restrictions as of January 8, 2023.