Daily Sabah logo

Politics
Diplomacy Legislation War On Terror EU Affairs Elections News Analysis
TÜRKİYE
Istanbul Education Investigations Minorities Expat Corner Diaspora
World
Mid-East Europe Americas Asia Pacific Africa Syrian Crisis Islamophobia
Business
Automotive Economy Energy Finance Tourism Tech Defense Transportation News Analysis
Lifestyle
Health Environment Travel Food Fashion Science Religion History Feature Expat Corner
Arts
Cinema Music Events Portrait Reviews Performing Arts
Sports
Football Basketball Motorsports Tennis
Opinion
Columns Op-Ed Reader's Corner Editorial
PHOTO GALLERY
JOBS ABOUT US RSS PRIVACY CONTACT US
© Turkuvaz Haberleşme ve Yayıncılık 2023

Daily Sabah logo

عربي
  • Politics
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • Elections
    • News Analysis
  • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Expat Corner
    • Diaspora
  • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • Islamophobia
  • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
  • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
  • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Reviews
    • Performing Arts
  • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
  • Gallery
  • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
  • TV

Shopping by Chinese tourists in Turkey up 166 pct in Q1 2018

by Daily Sabah with AA

ISTANBUL Apr 23, 2018 - 12:00 am GMT+3
by Daily Sabah with AA Apr 23, 2018 12:00 am

Turkey saw a huge 166 percent-increase in shopping by Chinese tourists in the first quarter of 2018, according to Global Blue, which handles "tax-free shopping" transactions in more than 51 countries.

The company said, Chinese tourists make up for more than 40 percent of global tax-free sales. As for Turkey the uptick was related to China's declaration of 2018 as "Turkey Tourism Year."

At the launching last year, Culture and Tourism Minister Numan Kurtulmuş said more than 250,000 Chinese tourists visited Turkey in 2017. That number was expected to reach 500,000 in 2018.

The effect of "Turkey Tourism Year" is already being felt as there seems to be an increase both in the number of Chinese tourists to Turkey during the first months of this year and in their expenditure compared to previous years.According to Global Blue's Turkey data, foreign visitors coming to Turkey in the first quarter of 2018 spent a total of TL 350 million ($85.85 million).

The foreign visitors got a VAT refund of around TL 193 million, by completing tax-free transactions. Compared to the first quarter of 2017, shopping by foreign visitors has increased by some 33 percent.

Chinese shoppers were responsible for the highest increase in spending in Turkey during the first quarter of this year. The Chinese applied for VAT refunds for about TL 10 million against their expenditures in the country in the first quarter of last year, while this figure reached TL 26 million in the same period of this year. The average amount of spending by Chinese tourists also climbed to TL 3,238.

They were followed by U.K. citizens with an increase of 83 percent in spending. The average amount of money spent by U.K. citizens stood at TL 8,123.

These two countries were followed by Qatar with 60 percent, Saudi Arabia with 40 percent, Germany with 34 percent, the Russian Federation with 32 percent, Azerbaijan with 30 percent and Iran with 26 percent.

Speaking with regards to the tax-free shopping in Turkey, Global Blue Turkey General Manager Selim Şeyhun said the Chinese, as they had previously predicted, rose to first place last year.

"The Chinese closed the first three months with a growth rate of 166 percent, while 14 percent of total tax-free sales came from the Chinese. In 2017, 7 percent and in 2016, 4 percent of the total amount came from the Chinese," he continued. "The share of the Chinese in the tax-free market in the world is over 40 percent, and there is still distance our country needs to cover in this regard."

  • shortlink copied
  • RELATED TOPICS
    fight-against-terrorism DEUTSCHE-BANK US-LIBYA-RELATIONS
    KEYWORDS
    homepage
    The Daily Sabah Newsletter
    Keep up to date with what’s happening in Turkey, it’s region and the world.
    You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    No Image
    Historic drought decimates California landscape
    PHOTOGALLERY
    • POLITICS
    • Diplomacy
    • Legislation
    • War On Terror
    • EU Affairs
    • News Analysis
    • TÜRKİYE
    • Istanbul
    • Education
    • Investigations
    • Minorities
    • Diaspora
    • World
    • Mid-East
    • Europe
    • Americas
    • Asia Pacific
    • Africa
    • Syrian Crisis
    • İslamophobia
    • Business
    • Automotive
    • Economy
    • Energy
    • Finance
    • Tourism
    • Tech
    • Defense
    • Transportation
    • News Analysis
    • Lifestyle
    • Health
    • Environment
    • Travel
    • Food
    • Fashion
    • Science
    • Religion
    • History
    • Feature
    • Expat Corner
    • Arts
    • Cinema
    • Music
    • Events
    • Portrait
    • Performing Arts
    • Reviews
    • Sports
    • Football
    • Basketball
    • Motorsports
    • Tennis
    • Opinion
    • Columns
    • Op-Ed
    • Reader's Corner
    • Editorial
    • Photo gallery
    • Jobs
    • privacy
    • about us
    • contact us
    • RSS
    © Turkuvaz Haberleşme ve Yayıncılık 2021