Top 0.5% of International Shoppers Account for 17% of Global Tax Free Spending, Says Study
Global Blue has reported that ‘international elite shoppers’ – or the top 0.5% of tax-free spenders – account for 17% of global tax-free retail income. The tax-free shopping specialist said that international elite shoppers travel on average about three times a year, over approximately 15 days, and spend an average of €55,000 (US$61,000) across 12 different transactions. Singapore’s status as the country that attracts the highest spend from elite shoppers is fuelled by luxury watches…