Insights for 2024: Unlocking Tax Free Shopping Trends
What 2023 Taught Us and What Lies Ahead for Tax Free Shopping
2023 brought about significant transformations for luxury retailers worldwide. Emerging new shopper nationalities, shifts in age profiles, and evolving preferences reshaped norms while presenting new opportunities for luxury retailers.
Global Blue’s latest data revealed the 2023 Tax Free Shopping recovery surged to an impressive 121% in the Asia Pacific region and 116% in Continental Europe when compared to pre-pandemic levels in 2019. A pivotal milestone from last year was the gradual return of Chinese shoppers, the world's top luxury spenders overseas pre-COVID, spending €6.7 billion on Tax Free Shopping[1].
As the trends of last year continue to influence the industry, our comprehensive white paper, ‘Insights for 2024: What 2023 Taught Us and What Lies Ahead for Tax Free Shopping’ anticipates and navigates the emerging trends, offering valuable insights into the year ahead.
Download the paper to stay ahead of the curve in the evolving global retail landscape.
[1] Global Blue data (2019)
