New data from Global Blue shows that the overall dynamic recovery for Tax Free Shopping remains strong across Continental Europe and Asia Pacific.
Globally, issued Sales in Store like-for-like recovery remains solid at 106% in April vs. 101% in Q1 2023.
This acceleration of the recovery in April is due to the progressive return of Mainland Chinese shoppers. This is despite an unfavorable calendar effect linked to the absence of Gulf Cooperation Council Citizens traveling in April due to Ramadan.
For the first time, the Asia Pacific recovery rate almost reached 2019 levels, at 99%.