Arab Today, arab today dubai shopping festival\s biggest spenders
Last Updated : GMT 12:18:00
Arab Today, arab today
Arab Today, arab today

Dubai Shopping Festival\'s biggest spenders

Arab Today, arab today

Arab Today, arab today Dubai Shopping Festival\'s biggest spenders

Dubai - Arabstoday

International shoppers spent nearly half a billion dollars in Dubai during this year’s Dubai Shopping Festival (DSF), with a dramatic increase in the spending volumes by Russian and Angolan visitors, according to figures released today. The figures show the total inbound Visa card spend in the UAE between January 5 and February 5 this year amounted to US$497m, a year-on-year rise of 22 percent compared to the DSF 2011. The average spend per day during the month long extravaganza was US$15.5m, with sales reaching a peak of $20m on Sunday January 29. Last year, British buyers were the most lucrative shoppers, but the slowdown in the UK economy has obviously hit the purse strings as they have been overtaken by the Russians and Saudis at the top of the rankings. The Visa figures showed a dramatic rise in spending by Russian shoppers this year, up 356 percent to US$122m, while Saudis splurged US$106m, an equally impressive 169 percent. While the British fell to third place, they still put US$92m in purchases on their Visa cards, an increase of 108 percent. Topping out the top five were the Chinese and Americans, while Angolans increased their buyers power from US$11m to US$36, an impressive 219 percent increase. In terms of categories, lodging was the single biggest expense, with US$112m, a welcome result to landlords across the emirate who are struggling with a glut of new apartments and sluggish rental rates. Travel and entertainment accounted for US$35m, restaurants US$9.4m and airlines just US$6m. “It’s great to see DSF 2012 having such a strong impact on the local economy, despite the current global financial challenges,” said Karim Beg, head of regional marketing for Vvsa for Middle East and North Africa (MENA). “Over the years, DSF has really helped put the UAE on the map, attracting visitors from all over the world to take advantage of the great promotions on offer. This year’s success proves yet again the ongoing popularity of the shopping festival, and of the UAE as a leading international shopping destination.”

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai shopping festival\s biggest spenders Arab Today, arab today dubai shopping festival\s biggest spenders

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 14:57 2017 Monday ,20 February

A giant initial public offering on track

GMT 14:50 2017 Monday ,20 February

Energy Market Research

GMT 09:38 2017 Monday ,20 February

Japan returns to trade deficit in January

GMT 07:16 2017 Monday ,20 February

Global arms trade highest since Cold War

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 05:45 2017 Monday ,20 February

Brexit U-turn ruled out by many in EU
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday