UBS mapped out its estimates based on Global Blue figures.
Retail and luxury titans are putting their money behind travel businesses.
The boost is predicted to continue in 2017, according to Global Blue.
Chinese global spending fell for the seventh consecutive month in September.
Chinese shoppers are set to take advantage of the weak, post-Brexit referendum pound.
Latest Global Blue figures show tourists shun Europe.
The house was hit by a sharp drop in tourist numbers in France and elsewhere.
Global, European spend by tourists down in the double digits.
Global Blue has high expectations for pre-Ramadan season.
Shopping data down 12.8 percent globally.
Global Blue data shows 2 percent decline in Europe in February.