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Unsurprisingly, yet soberingly, the European tourism sector is reeling. According to a recent UBS analysts’ note – which cited data from Planet, the VAT refund provider – tourist spending across Europe in March fell 68.4% year-on-year. “Chinese spend in Europe was down -84.6% y/y, with all other nationalities also declining …
Read More »Tourist spending across Europe fell by 68%, with Italy seeing a massive 96% fall.
