Corporate Affairs

Member Input Needed - Tourism Recovery Consultation & Tax Free Shopping

A crucial element of Walpole’s work to protect the British luxury sector in a post-Brexit and, what we all hope will soon be a post-COVID world, is increased, strategic parliamentary engagement with the UK government, ministers and MPs to ensure that the luxury sector is acknowledged, understood and to make the case for a favourable legislative and business environment for brands to return to growth as quickly as possible. To do this effectively we need data and case studies from members that reflect real-world challenges and opportunities facing member businesses. 
30th Nov 2021
Share this article
Corporate Affairs Member Input Needed - Tourism Recovery Consultation & Tax Free Shopping

To that end, we are preparing a submission to the Department for Digital, Culture, Media & Sport’s (DCMS) select committee enquiry into Promoting Britain Abroad which is being driven by the Tourism Recovery Plan that outlined the huge hit tourism has taken since 2019 when inbound tourism to the UK was worth approximately £28.4bn and employed four million people. Since then, inbound tourism spend has fallen to £6.2bn in 2020, a decline of 78% on 2019 results and it is currently forecast that in 2021, just £5.3bn will be spent by inbound tourists.

British luxury has always made a significant contribution to the UK’s tourism and travel industries through the international appeal of its luxury brands, hotels, restaurants and cultural experiences which are highly influential in attracting visitors to the UK. The rise in Shopping Tourism is well documented, and the value of sales of high-end goods to non-UK resident customers was around £4.5 billion in 2017. 

A thriving tourism sector is symbiotic to a thriving luxury sector and doing everything possible to attract high-spending international visitors back to the UK will be crucial to the recovery. Anecdotally we are hearing from members that their European businesses are recovering faster than the UK and one of the factors that we hypothesise is driving that is the favourable tax-free shopping scheme in Europe, which was scrapped in the UK in January this year. 

How you can help 

We are asking for members to share information on the following: 
  • What are you seeing now in terms of sales and footfall from international visitors both in the UK and in your European stores?
  • Is there evidence that your European store are recovering more quickly than the UK stores and what is driving that?

Additionally, in preparing Walpole’s response to the consultation on behalf of the sector, please provide input into the following: 

  • What needs to be done to re-establish the UK as a holiday destination for international travellers?
  • What should Government and the tourism boards be doing to support the inbound tourism industry in its recovery?
  • What will the impact on the UK’s hospitality, cultural and heritage sectors be if inbound tourism is slow to recover to pre-pandemic levels?
  • What should the UK be doing to maintain its status as a ‘soft power superpower’ and further promote its culture and heritage on the global stage?
  • How can the UK capitalise on its exit from the European Union?
  • What are the biggest threats to the status of ‘soft power superpower’?
  • Does the Tourism Recovery Plan go far enough to support the industry’s recovery from the Covid-19 pandemic?  
  • What are the biggest challenges to delivering the plan?

Please send your answers to Tania Pearson [email protected] by 5pm on 6th December. 

Share this article

Related Articles

Walpole x Great British Brands ZERO: An interview with Joanna Dai, founder of women's tailoring label Dai
26th Jan 2022
Walpole x Great British Brands ZERO: An interview with Joanna Dai, founder of women's tailoring label Dai
Dai gained B Corp certification in 2020 and is a signatory to the UN Fashion Industry Charter for Climate Action (UNFCC). Last year the company offset 25 per cent of its total carbon emissions by contributing carbon credits on 100 per cent of its shipments through DHL’s GoGreen Climate Neutral service, which invests in internationally-recognised climate protection projects. Since its launch in 2017, Dai has been a pioneer in sustainable materials innovation and tech-enabled fit.
Michelle Ogundehin on the top interior design trends for 2022
Luxury Trend Report
25th Jan 2022
Michelle Ogundehin on the top interior design trends for 2022
Dubbed ‘the interiors guru’ by The Sunday Times, journalist and broadcaster Michelle Ogundehin is always on the cutting edge of new trends in the world of design. In our first Walpole Luxury Trend Report, she writes about the four core strands that will shape the way our homes look and feel over the coming year. Read two of her predictions below, then download the Walpole Luxury Trend Report 2022 via the link at the bottom of the page to read the full article.
Tom March, Founding Partner, Redrice Ventures
Luxury Leader
24th Jan 2022
Tom March, Founding Partner, Redrice Ventures
In today’s Luxury Leader profile we meet Tom March, Founder & Managing Partner of investment firm Redrice Ventures. Read on to discover the interesting trends Tom sees for 2022, and shares his advice for those wishing to start-up a business in the luxury sector.