Tax-free sales to overseas tourists in the UK jumped 26% on 2016 in the first seven months of the year, new research has shown.
The increase is the highest of the top five luxury retail destination markets in Europe. The UK outperformed Italy (25%), Spain (23%), France (16%) and Germany (5%), findings from Premier Tax Free indicate.
The figures correlate with those from London’s Heathrow Airport, which reported the number of tourists travelling to the UK as reaching a high this year in July at 7.5 million, up 11% on June.
Muriel Zingraff-Shariff, UK country manager at Premier Tax Free said: “The UK’s positive tax-free sales figures should be welcomed by retailers, especially on the anniversary of the EU referendum. Where other sectors have seen slumps, it seems Brexit has not discouraged shoppers for coming to the UK for their luxury spending. London remains a considerable magnet for global shoppers, and arrival figures from Heathrow confirm this.”