Foreign bargain hunters flock to UK during December

16 January 2017 - Janet Bird

shoppers at chanel

Bargain hunters flocked to Britain from all over the globe in December, spending a staggering £725 million on luxury goods.

Analysis of non-UK card transactions from payment processing company Worldpay suggests that foreign card spending rose by 22 percent year-on-year in December, or around £130 million.

The foreign visitors were attracted by the extra spending power they gained from the post Brexit weakness of sterling.

London's West End department stores saw overseas tourist spending increase by 35 percent year-on-year, while Manchester and Edinburgh also experienced hikes of 19 and 24 percent respectively.

Chinese visitors spend 24 percent more on their cards in the UK in December 2016 than in the same period the previous year, while tourists from Hong Kong spent a staggering 69 percent more year-on-year.

Traditionally big-spending visitors from the United Arab Emirates spent an extra 31 percent in December 2016, while French and German tourists spent 14 percent more during the festive period than in the same period in 2015.

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