Tourists could be set to splash out £2.4 billion in summer spending spree

Published on : Monday, August 21, 2017

Tourists in BaliNew data from Worldpay suggests that overseas visitors could spend as much as £2.4 billion this summer, following a particularly prolific period of shopping by Middle Eastern tourists.



New data from the payments processor revealed an influx of Middle Eastern tourists last month, with visitors from across the region spending 59% more during the annual “Ramadan Rush.” Luxury boutiques and department stores saw the biggest surge during the Eid festival, with sales increasing by 63% as shoppers profited from the weak pound.



Worldpay’s analysis of spending patterns in  June 2017 found that spending on foreign cards was up by 18% year-on-year, with tourists splashing out £643 million on UK high streets. If this trend continues, then Worldpay estimates foreign card spend could reach £2.4 billion this summer.



James Frost, UK CMO, Worldpay, said: “Sterling’s slump is continuing to attract visitors in their droves, safe in the knowledge that their holiday cash will stretch a little further. Eid provides a useful barometer for foreign spending more broadly. The latest figures from this year’s festival point towards a summer spending frenzy from overseas visitors looking to cash in on the weak pound.”



Worldpay found that outside of the Middle East, visitors from Russia and the US were the biggest spenders, splashing out an extra 25% and 19% respectively, compared to last year.



James Frost continued: “It tends to be London that grabs the headlines when it comes to tourist spending, but the reality is destinations right across the UK are benefiting from an influx of free-spending tourists. Businesses in Scotland and Wales have already seen foreign spending surge by as much as 27% compared to last year, and this could increase further in July and August. By investing to make their businesses more attractive to global customer, retailers and tourist hotpots across the UK could make serious gains from the pound’s performance this summer.”

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Your email address will not be published.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


  • 03 imexamerica 2018
  • 06 THSA 2018
  • 07 miltcongress 2018
  • 08 theleisureshow 18
  • 09 cibtm 2018
  • 09 Seatrade Cruise Med 2018
  • 10 Digital Travel Summit EU 2018
  • 10 ITE-HCMC 2018
  • 12 Traveldaily 18
  • 30 PATA


Get our toolbar!
Review on