Turnover at luxury London department store Harrods hit nearly £900 million last year as international shoppers returned, despite the continued frustration of the non-availability of VAT-free shopping for such tourists. Harrods The firm’s accounts filing at Companies House showed revenues were up 8% in the 53 weeks to 3 February this year, hitting £898.4 million. [...]read moreHarrods sales rise despite tourist shopping handicap
Kurt Geiger’s chief executive Neil Clifford has joined the growing chorus of retailers calling for a return of tax-free shopping in the UK ahead of October’s first new-government budget. Kurt Geiger Clifford said the end of tax-free shopping for tourists is “having a “massively negative effect” on spending in Britain, and that the government “is [...]read moreKurt Geiger boss is latest to warn of ‘tourist tax’ impact
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our interview show, where we sit down with a guest, think about their work, and unpack the rest. This week, we talked to David [...]read moreNubank CEO dishes on the neobank’s profit surge and how tourist VCs in LatAm have gone home
Retailer optimism about the return of tax-free shopping for tourists to the UK has been rising but may be misplaced. A newspaper report has said that the so-called tourist tax is unlikely to be reversed in the spring budget. Photo: Pexels/Public domain Nigel Huddleston, the relevant government minister, was reported by The Times saying in [...]read moreAs hopes of end to UK ‘tourist tax’ possibly dashed, are problems insurmountable?
Is the so-called UK tourist tax nearing its end game? Strong and persistent pressure by the UK retail industry to reverse the government’s stubborn support of ‘tax’ could well be paying off. Chancellor Jeremy Hunt is understood to have asked the Office for Budget Responsibility (OBR) to look at whether VAT-free shopping for tourists should [...]read moreReview suggests ‘tourist tax’ end might be a step closer
The so-called tourist tax is “deterring two million foreign visitors from coming to the UK and costing the economy £11.1 billion in lost GDP,” according to new economic analysis. Photo: Pexels/Public domain The ‘tax’, which is basically the removal of VAT-free shopping for international visitors to Britain post-Brexit, is claimed by the British government to [...]read moreTourist tax drains £11bn+ from UK economy says new report
Mysuru: Between two famous tourist destinations of the country, Mysuru and Goa, currently there is no direct air, train, or bus services. With cancellation of direct flight service as well as bus service from KSRTC, now the tourists are struggling to travel between these two tourist hubs.According to sources in KSRTC, a total of 8 [...]read moreMysuru: Tourist Hubs: Mys, Goa Not Connected By Direct Air, Train, Or Bus Services | Mysuru News
LUCKNOW: For every 15 tourists, who headed to Uttar Pradesh in 2023, one headed to the temple town of Ayodhya. Officials in the state tourism department believe that they were intrigued by the desire to catch a glimpse of the Ram Temple. Citing data, an official spokesperson said that people from all over the world [...]read moreLeap of faith: Major surge in tourist footfall in Ayodhya over last 5 years | Lucknow News