Monday, June 10, 2013

Chic Outlet witness 40% growth from Middle East

Value Retail, developer and operator of the nine Chic Outlet Shopping Villages in Europe announced its first quarter 2013 results for Middle East, which shows an increase in sales by 40% when compared to 2012. 

The Middle East traveller is the third largest consumer for the collection of villages by Chic Outlet Shopping, whose average spend for each refunded transaction in Q1 2013, averages at euro 300 (. Within the region, UAE experienced a growth of 58% in Q1 2013 and six percent in average spend in Q1 2013. While Kuwait showed a 55% growth and an average spend rise of two percent, Qatar experienced a 20% growth in Q1 2013 and a three percent increase in average spend.

“This year, we have collaborated on partnerships with notable brands such as global giant, Hertz Rent a Car and Jet Airways, both of which add to the ease of access to the Collection of Chic Outlet Shopping Villages across Europe. These figures reflect the increasing appeal of the Chic Outlet Shopping Villages in the Middle Eastern market, which has been growing consistently year-on-year,” Ian Stazicker, head of tourism, Value Retail PLC

Notably, Las Rozas Village and La Roca Village in Spain and Bicester Village, UK, have all experienced growth exceeding 40%, while Ingolstadt Village, Germany, boasts an incredible 146% increase in visits from the Collection’s core markets.

SOURCE: traveldailymedia.com

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