tourist spending news and archive

Europe sees drop in tourist spending

After the Paris terrorist attacks earlier this month, analysts are already forecasting a retail nightmare for the month of November. But sales were already down, according to tax-refund company Global Blue, who said Europe’s tourists spent less in October. European tourist spending increased just 1.6 percent year-on-year in October after a...

Fashion

China leads global tourism spending

According to industry predictions, Chinese consumers will account for more than 30 percent of all luxury purchases worldwide in 2014 and even 50 percent by 2020. Many of those purchases are made abroad while on a pleasure or business trip as Chinese consumers are the world’s top tourism spenders according to the “Digital IQ Index - Luxury China...