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Resurgence of BRIC nations endures despite uncertain trading conditions

Resurgence of BRIC nations endures despite uncertain trading conditions



The movement and fluctuations in the rate of exchange, impact of terror attacks, geo-political events inside and outside of Europe, ‘over-tourism’ concerns, and the anniversary of the Brexit referendum, have all served to create uncertain trading conditions in recent months.

9th November 2017.

 

The movement and fluctuations in the rate of exchange, impact of terror attacks, geo-political events inside and outside of Europe, ‘over-tourism’ concerns, and the anniversary of the Brexit referendum, have all served to create uncertain trading conditions in recent months.

 

Despite these challenges, sales to international shoppers form the BRIC nations have continued to exhibit strong gains, with growth of 13% in September 2017, an 22% on a Year To Date basis, with all four nations exhibiting double-digit gains.

 

There was a 17% increase in arrival numbers from Russia and India in September, which resulted in sales growth of 11%and 20%, respectively, although transactions to Russian tourists also increased by 20%. The 12% increase in the number of Brazilian tourists gave rise to a 27% increase in sales to these tourists.

 

The 5% increase in numbers from China saw a broadly commensurate 4% increase in transactions to these tourists, whilst sales to these tourists increased by 13%. The outlook for arrival number from China continue to look positive for the remainder of 2017, and the imminent start of the ‘2018 EU-China tourism year’, the prospects continue to look positive.

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