Global Blue Releases the Monthly Tax Free Shopping Business Update for August 2024
Global Blue's August 2024 Tax Free Shopping update shows strong worldwide growth, with issued Sales in Store up 17% year-on-year. Continental Europe saw a 10% increase, driven by an 8% rise in shoppers and 2% higher average spend. Mainland Chinese Tax Free Spend led with 25% growth. The US market benefited from the Olympic Games (+18%), while GCC shoppers declined slightly (-1%).
Asia Pacific maintained robust growth at 37%, led by a 38% increase in shoppers. However, this marks a slowdown from the previous three-month average of 94% due to a higher comparison base and the strengthening Yen. Japan (+50%), South Korea (+43%), and Singapore (+4%) all showed positive performance. Globally, the recovery rate compared to 2019 reached 138%, with Japan leading at 282%.
L'aggiornamento di Global Blue per lo shopping esente da imposte di agosto 2024 mostra una forte crescita mondiale, con un aumento del 17% anno su anno delle vendite in negozio. L'Europa continentale ha registrato un incremento del 10%, trainato da un aumento dell'8% dei clienti e da una spesa media più alta del 2%. La spesa esente da imposte della Cina continentale è aumentata del 25%. Il mercato statunitense ha beneficiato dei Giochi Olimpici (+18%), mentre la spesa dei clienti del GCC è leggermente diminuita (-1%).
La regione Asia Pacifico ha mantenuto una crescita robusta del 37%, guidata da un incremento del 38% dei clienti. Tuttavia, questo segna un rallentamento rispetto alla media dei tre mesi precedenti del 94%, a causa di un confronto con una base più alta e del rafforzamento dello Yen. Giappone (+50%), Corea del Sud (+43%) e Singapore (+4%) hanno mostrato tutti una performance positiva. A livello globale, il tasso di recupero rispetto al 2019 ha raggiunto il 138%, con il Giappone al comando con il 282%.
La actualización de Global Blue sobre compras libres de impuestos de agosto de 2024 muestra un fuerte crecimiento mundial, con un aumento del 17% en las ventas en tienda en comparación interanual. Europa continental vio un incremento del 10%, impulsado por un aumento del 8% en los compradores y un gasto medio un 2% más alto. El gasto libre de impuestos de China continental lideró con un crecimiento del 25%. El mercado estadounidense se benefició de los Juegos Olímpicos (+18%), mientras que la afluencia de compradores del GCC disminuyó ligeramente (-1%).
La región de Asia-Pacífico mantuvo un crecimiento sólido del 37%, liderado por un aumento del 38% en los compradores. Sin embargo, esto representa una desaceleración con respecto a la media de los tres meses anteriores del 94% debido a una base de comparación más alta y al fortalecimiento del Yen. Japón (+50%), Corea del Sur (+43%) y Singapur (+4%) mostraron todos un desempeño positivo. A nivel global, la tasa de recuperación en comparación con 2019 alcanzó el 138%, con Japón liderando con un 282%.
Global Blue의 2024년 8월 면세 쇼핑 업데이트는 연간 17% 증가한 매장 매출로 전 세계에서 강한 성장을 보여줍니다. 유럽 대륙은 10% 증가했으며, 이는 8% 증가한 쇼핑객 수와 2% 증가한 평균 지출에 힘입은 것입니다. 중국 본토의 면세 지출이 25% 성장하며 선두를 차지했습니다. 미국 시장은 올림픽 효과로 (+18%) 혜택을 보았으나, GCC 쇼핑객 수는 다소 감소했습니다 (-1%).
아시아 태평양 지역은 38% 증가한 쇼핑객 수에 힘입어 37%의 강력한 성장을 유지했습니다. 그러나 이는 비교 기준이 높아지고 엔화 강세로 인한 3개월 평균 94%에서의 둔화를 의미합니다. 일본 (+50%), 한국 (+43%), 싱가포르 (+4%)는 모두 긍정적인 실적을 보였습니다. 세계적으로 2019년 대비 회복률은 138%에 도달했으며, 일본이 282%로 가장 높았습니다.
La mise à jour de Global Blue pour les achats détaxés d'août 2024 montre une forte croissance mondiale, avec une augmentation de 17% des ventes en magasins par rapport à l'année précédente. L'Europe continentale a connu une hausse de 10%, entraînée par une augmentation de 8% des acheteurs et une dépense moyenne en hausse de 2%. Les dépenses détaxées des consommateurs chinois continentaux ont augmenté de 25%. Le marché américain a bénéficié des Jeux Olympiques (+18%), tandis que les acheteurs des pays du GCC ont légèrement diminué (-1%).
La région Asie-Pacifique a maintenu une croissance robuste de 37%, avec une augmentation de 38% du nombre d'acheteurs. Cependant, cela représente un ralentissement par rapport à la moyenne des trois mois précédents de 94%, en raison d'une base de comparaison plus élevée et du renforcement du Yen. Le Japon (+50%), la Corée du Sud (+43%) et Singapour (+4%) ont tous affiché des performances positives. Au niveau mondial, le taux de récupération par rapport à 2019 a atteint 138%, le Japon étant en tête avec 282%.
Das August 2024 Update von Global Blue für steuerfreies Shopping zeigt ein starkes weltweites Wachstum mit einem Anstieg der Verkaufszahlen in Geschäften um 17% im Jahresvergleich. In Kontinentaleuropa gab es einen Anstieg von 10%, was auf einen Zuwachs von 8% bei den Käufern und eine 2% höhere durchschnittliche Ausgaben zurückzuführen ist. Die steuerfreien Ausgaben der chinesischen Festlandkunden führten mit einem Wachstum von 25%. Der US-Markt profitierte von den Olympischen Spielen (+18%), während die Käufer aus dem GCC leicht zurückgingen (-1%).
Der asiatisch-pazifische Raum verzeichnete ein robustes Wachstum von 37%, das von einem 38%igen Anstieg der Käufer getragen wurde. Dies stellt jedoch eine Verlangsamung im Vergleich zum vorherigen Dreimonatsdurchschnitt von 94% dar, bedingt durch eine höhere Vergleichsbasis und die Stärkung des Yen. Japan (+50%), Südkorea (+43%) und Singapur (+4%) zeigten alle eine positive Entwicklung. Weltweit erreichte die Erholungsrate im Vergleich zu 2019 138%, wobei Japan mit 282% an der Spitze liegt.
- Worldwide Tax Free Shopping growth of 17% year-on-year in August 2024
- Continental Europe saw 10% growth in issued Sales in Store
- Mainland Chinese Tax Free Spend increased by 25% in Continental Europe
- Asia Pacific region maintained strong growth at 37%
- Japan showed exceptional performance with 50% growth in Tax Free Shopping
- Global recovery rate reached 138% compared to 2019 levels
- Slowdown in Asia Pacific growth compared to previous three-month average of 94%
- GCC shoppers experienced a slight decline of 1% in Continental Europe
- Average spend per shopper in Asia Pacific decreased by 1%
-
Fresh data from Global Blue reveals that the worldwide growth in Tax Free Shopping is strong across Continental Europe and
Asia Pacific : Issued Sales in Store like-for-like year-on-year performance reached +17% 1 in August 2024.
SIGNY,
In Continental
Regarding origin markets, the positive momentum in issued Sales in Store growth is evident across most nationalities. Mainland Chinese Tax Free Spend led with +
When examining destination markets, August showed a strong performance in
A slowdown of the hyper growth Tax Free Spend in
In
The growth rate in August softened compared to the hyper-growth of +
Regarding origin markets, the positive momentum in issued Sales in Store growth continued across all nationalities. Mainland Chinese Tax Free Spend led with +
When examining destination markets, August showed a positive performance across destinations, with
Worldwide Year-on-Year Growth Rate (2024 vs. 2023)
Issued SIS L/L
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Destination
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August
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July
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CY
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CY
|
|
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+ |
- |
+ |
+ |
|
|
+ |
+ |
+ |
+ |
|
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+ |
+ |
+ |
+ |
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|
+ |
+ |
+ |
+ |
Other countries |
|
+ |
+ |
+ |
+ |
Total Continental Europe |
|
+ |
+ |
+ |
+ |
|
|
+ |
+ |
+ |
+ |
|
|
+ |
- |
- |
|
|
|
+ |
+ |
+ |
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Total |
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+ |
+ |
+ |
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Total |
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+ |
+ |
- |
+ |
Total worldwide |
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+ |
+ |
+ |
|
Worldwide recovery rate (versus 2019)
Issued SIS L/L
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Destination
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August
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July
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CY
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CY
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Other countries |
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Total Continental Europe |
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Total |
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Total |
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Total worldwide |
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APPENDIX
GLOSSARY
- European Non-EU countries include: Shoppers who can reach destination by land transportation or less than a two hour flight. Ex: Swiss, British,
- Gulf Cooperation Council countries include:
- North East Asia countries includes:
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ABOUT GLOBAL BLUE
Global Blue is the business partner for the shopping journey, providing technology and services to enhance the experience and drive performance.
With over 40 years of expertise, today we connect thousands of retailers, acquirers, and hotels with nearly 80 million consumers across 53 countries, in three industries: Tax Free Shopping, Payments and Post-Purchase solutions.
With over 2,000 employees, Global Blue generated
For more information, please visit www.globalblue.com
Global Blue Monthly Intelligence Briefing, August 2024, Source: Global Blue
_______________________
1 Growth rate variation year-on-year (2024 vs. the same period in 2023)
2 The last three months: May, June, and July 2024
View source version on businesswire.com: https://www.businesswire.com/news/home/20240905946756/en/
MEDIA CONTACTS
Virginie Alem – SVP Marketing & Communications
Mail: valem@globalblue.com
INVESTOR RELATIONS CONTACTS
Frances Gibbons – Head of Investor Relations
Mob: +44 (0)7815 034 212
Mail: fgibbons@globalblue.com
Source: Global Blue
FAQ
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