Chinese dropped most money in Europe over LNY | Lifestyle.INQ

OCTOBER 27, 2022

chinese europe
Asian shoppers queue in front of a Chanel store at Printemps department store in Paris. Image: AFP/Martin Bureau
chinese europe
Asian shoppers queue in front of a Chanel store at Printemps department store in Paris. Image: AFP/Martin Bureau via AFP Relaxnews

Chinese holidaymakers shelled out the most money in European countries over the Lunar New Year.

That’s according to payment platform Alipay, which released new stats on overseas spending and mobile payment behavior during the Lunar New Year period, between Feb. 4 and 10.

Based on data from the 54 markets where Alipay is accepted, Europe dominated the list of top 10 countries for average spend.

The top five countries that saw the highest growth starts with Denmark, where the average spend spiked 23 times compared to last year, followed by Spain (7 times), the Philippines (5 times), Belgium (5 times) and Switzerland (3 times).

When it comes to transaction volumes, nine of the top 10 countries hailed from Asia, with Canada bucking the trend and cracking the 10th spot, thanks to increased Alipay services introduced by local merchants and large retailers.

Data also suggests that Chinese visitors to Europe dropped the most money in department stores and luxury shops, while visitors to other Asian countries spent the most in cosmeceutical shops and convenience stores.

Overall, in-store transaction values grew 2 percent over last year. JB

RELATED STORIES:

NatGeo highlights 17 best dining hotspots for 2019

Turkey was the fastest-growing destination in Europe in 2018

 

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

MOST VIEWED STORIES

FROM THE NICHE TITLES