On March 9th, overseas shopping tax refund service provider Global Blue released its tax-free shopping brief for February 2023, showing that tax-free shopping recovery in mainland Europe and the Asia-Pacific region remains strong.
Compared to pre-pandemic (2019) sales figures, the recovery rate in January was 102%, and the recovery rate for February, which has been disclosed, is 90%. The lower recovery rate in February was mainly due to the high baseline in 2019, as the Chinese New Year season fell in February 2019. (During the 2019 Chinese New Year season, mainland Chinese shoppers c …
