Golden Week sees £29m spent by Chinese tourists

Published on : Friday, October 20, 2017

UK post BrexitThanks to the cheap pound rate, the Chinese tourists are splashing out more than £29m in shopping centres across the high streets of the UK during the Golden Week holiday.



Worldpay, the expert in payments processor found in its new research that card transactions during the Golden Week holiday that lasted from 1 to 8 October has drawn £11m in London alone.



Golden Week is a twice-yearly Chinese holiday and is marked to celebrate the People’s Republic of China. It was initially expected that Chinese people will take trips around their country but now many choose to travel abroad.



British department stores reaped the greatest benefit of Golden Week tourism as their in-store sales increased by almost a third compared to the seasonal average.



Although the London spending was concentrated mainly in the boutiques and high-end stores, but pubs, restaurants and bars saw card spending from Chinese tourists surge by 23 per cent.



For September to November 2017, the flight bookings from China to the UK were increased by 10% than the previous year as ForwardKeys found out. International tourists have flocked to the UK since the EU referendum, as the fall in value of the pound against a host of other global currencies has given them a chance to snap up bargains on the British high street.



Worldpay’s UK chief marketing officer, James Frost commented that Britain is a world-class shopping destination and the Chinese tourists have also found interest in the same.

Tags: , , , , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 02 WTM London 2018
  • 09 ttfotm 2018
  • 12 plannersxtraordinaire 2018
  • 13 aite 2018
  • 13 TTWarsaw 2018
  • 14 hmisummit 2018
  • 14 Hotelier Summit Africa North 2018
  • 14 SATTE 2019
  • 16 EMITT 2019
  • 18 hospitalityqatar 18
  • 20 CITE_TTW 2018
  • 30 PATA


Get our toolbar!
Review on