Rouble plunge hits Russian tourists' spending power

SPENDING by Russians on UK accommodation and shopping fell by 28% last year, largely due to the plunge in the rouble.

The findings, from tax-free experts Global Blue, are an illustration of the extent to which the fall in the rouble is curtailing rich Russians' ability to travel and spend. A 50% fall in the value of the Russian currency means foreign spending is twice as expensive for them.

Some of the shortfall was made up by Hong Kong shoppers, who spent 9% more.

Russians had been among the top five biggest-spending non-EU tourists in the UK, but have now fallen out of the top ten.

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