But high-end tourists spend more of their budgets in the U.K. than in France, according to the tourist shopping tax refund company.
The Chinese made up 26 percent of total spend at Global Blue’s VIP Luxury Lounge in London, averaging 1,000 pounds per transaction.
Tax-free spending in France overall was the highest in Europe in 2018, driven by elite travelers.
Global Blue foresees a flood of London tourist traffic, and said Golden Week should generate a surge in luxury sales.
The tax-free shopping company targets 45,000 visitors a year at the rue Cambon site.
His strategies are seemingly uncomplicated: Invest, focus on the Russian clientele and ensure the online experience is compelling.
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.