Tourists set to boost UK high street by ￡65 million this Black Friday Weekend

How much tourists will spend in UK on Black Friday Weekend – forecast.?Source: shutterstock.com

Savvy shoppers are set to splash over ￡3.1 billion this Black Friday weekend, with UK retailers expecting to take around 115 million transactions. Analysts have also predicted that thousands of tourists will flock to the Great British high street to make the most of the deals on offer.

Worldpay’s data reveals that Black Friday tourists will bring in an extra ￡65 million to the UK economy over the weekend. In particular, clothing and shoe retailers could see an uplift of up to 40% from foreign card spend compared to an average weekend. Electronics and beauty goods are also expected to fly off the shelves into the hands of Black Friday tourists.

European shoppers are set to be the high street heroes over the weekend, with Irish, French and Italian bargain hunters all making the most of the deals on offer. Visiting shoppers from Europe are set to spend 25% more compared to a normal weekend, pumping almost ￡35 million into the UK over the retail event.

UK retailers can expect to see an above average increase in spending coming from these Black Friday visitors, up 30% and 32% respectively, compared to a normal weekend.

Biggest Black Friday Spenders

1. Sweden – 32%
2. Ireland – 30%
3. China – 27%
4. Netherlands – 23.9%
5. Russian Federation – 20%

SEE ALSO: Top retailers to offer Black Friday and Cyber Monday deals