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For Tax Free shopping in the United Arab Emirates, please visit the dedicated UAE website by clicking here.

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France registers highest rate of growth since July 2015

France registers highest rate of growth since July 2015



The 27% growth in sales in France in February represented a return to growth rates not seen since July 2015.

3rd April 2017.

 

The 27% growth in sales in France in February represented a return to growth rates not seen since July 2015. These gains were attributed to both an increase in transactions, with growth of 10%, and an increase in Average Transactions Values (ATV) of 16%, representing an inference of an increasing return in numbers of High Net Worth Individuals (HNWI’s) resuming normal shopping activities.

 

The increasing confidence to return to travel to France was most demonstrably illustrated by the 146% gains to tourists from Hong Kong, provided in equal measure by an increase in transactions and Average Transaction Values. Sales to American tourists saw growth of 29%, accretive to the 28% gains to these tourists in February 2016, indicative of the continued resilience of these tourists to travel to destinations in spite of safety concerns.

 

Whilst the outlook for arrivals to France continues to provide a source of optimism, the continued state of emergency and imminent Presidential elections, suggests a sentiment of cautious optimism should be the byword in the coming months.

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