UK retailers could benefit from the golden week holiday in China, as tourists from that country take advantage of the weak pound to buy luxury goods.
Global Blue’s UK and Ireland managing director, Gordon Clark, said the UK remains a key destination for Chinese travellers, and that the cost of trips to the UK on Ctrip were about 20% lower than a year ago.
Westfield reported retailers in its shopping centres as saying Chinese tourists were bulk-buying designer items. Chinese visitors to its shopping centre in west London spent 53% more in August this year than last.
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