| Characteristic | Recovery rate of tax-free shopping |
|---|---|
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
| - | - |
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Source
Sources
In cooperation with
McKinsey & Company
Release date
September 2024
More information
Region
Worldwide, China
Survey time period
January to June 2024
Supplementary notes
The recovery rate is calculated by 2024 brick-and-mortar sales data divided by 2019 brick-and-mortar sales data, in a like-for-like comparison (i.e., new store openings or closings are not counted, and the exchange rates are constant).
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