+ All Categories
Home > Documents > March Report - Planet Payment€¦ · luxury-brands-drop-china-prices-as-vat-cuts-take-effect March...

March Report - Planet Payment€¦ · luxury-brands-drop-china-prices-as-vat-cuts-take-effect March...

Date post: 30-Apr-2020
Category:
Upload: others
View: 4 times
Download: 0 times
Share this document with a friend
26
March Report 2019 intelligence
Transcript

March Report2019

intelligence

Contents

Tax Free TrendsSummary 03

Tax Free Sales Trends 05

Vietnamese Shoppers 06

Tax Free Sales by Destination and Source 07

Top 5 Visitor Nations per Destination Country 09

Currency Trends 11

Arrivals ForecastEurope Overview 13

France 14

United Kingdom 15

Italy 16

Spain 17

Germany 18

Austria 19

Finland 20

Portugal 21

Ireland 22

Czech Republic 23

Planet International Calendar 24

Planet Intelligence | 2March Report 2019

Top 5 Source Markets

Top 5 Destination MarketsTax Free

Sales Turnover

Tax Free Sales Turnover

Vouchers/ Transaction

Vouchers/ Transaction

Avg. Transaction Values (ATV)

Avg. Transaction Values (ATV)

Arrival Numbers

Arrival Numbers

+13%

+2%

+1%

-10%

-11%

-8%

+32%

+26%

-8%

+19%

France

Italy

United Kingdom

Spain

Germany

China

USA

Taiwan

Russia

South Korea

+6%

+2%

-6%

+20%

-20%

-23%

+19%

+2%

-10%

+19%

+6%

0%

+8%

-25%

+12%

+19%

+10%

+24%

+2%

0%

-5%

+2%

0%

+4%

+7%

+13%

+8%

+17%

-4%

-7%

Shopping & Arrivals Growth Summary - March 2019

+1%Total Vouchers

+4%Total Sales

+4%Total ATV

+2%Total Arrivals

Planet Intelligence | 3March Report 2019

Shopping & Arrivals Growth Summary - YTD

Top 5 Source Markets

Top 5 Destination MarketsTax Free

Sales Turnover

Tax Free Sales Turnover

Vouchers/ Transaction

Vouchers/ Transaction

Avg. Transaction Values (ATV)

Avg. Transaction Values (ATV)

Arrival Numbers

Arrival Numbers

+6%

-1%

+4%

-1%

-7%

France

United Kingdom

Italy

Spain

Germany

China

USA

Russia

Taiwan

South Korea

-1%

-6%

+4%

+23%

-13%

+6%

+6%

0%

-20%

+6%

-5%

+1%

+1%

+5%

+3%

0%Total Vouchers

+2%Total Sales

+2%Total ATV

+1%Total Arrivals

+1%

+27%

-17%

+36%

+14%

-5%

+13%

-14%

+10%

+14%

+6%

+13%

-3%

+24%

0%

+10%

+8%

-7%

+20%

+1%

Planet Intelligence | 4March Report 2019

OverviewMarch represented yet another positive month for Europe’s retailers, with Tax Free sales to international shoppers increasing by 4% compared with the same month a year ago. This marks the sixth consecutive month of growth and a 2-percentage-point growth rate compared with February.

Encouragingly, the current Tax Free landscape is in a much healthier state compared with this time last year, which witnessed an 8% decline in Tax Free sales.

France and Italy were this month’s highest performing countries, growing 13% and 2% respectively. French retailers will be glad to see positive Tax Free growth after ongoing political unrest driven by the Gilets Jaunes protests negatively impacting retail sales in recent months.

Not every country has benefited from an increase in international shopper activity. Spain suffered a 10% decline in Tax Free sales, largely driven by a fall in average transaction value (ATV), which fell by 25% in March. This follows a government-mandated reduction in the minimum Tax Free purchase threshold last year. Tax Free sales in Germany also fell by 11%, as a result of declines in Chinese and Taiwanese spending after February’s Chinese New Year celebrations.

Tax Free Shopping Sales Trends – March 2019

30%

25%

20%

15%

10%

5%

0%

-5%

-10%

JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC

2018 2019Y/Y Sales Growth

China’s VAT cuts result in luxury brand price reductionsAs of April 1st, the Chinese Government reduced its value-added tax (VAT) rate, in an attempt to stimulate a slowing economy. As a result, a number of luxury brands have already reduced their prices.

Europe has been hailed by many as the “shopping outlet of the world”, due to the continent’s lower cost of luxury goods relative to many other countries. However, with the prices of luxury goods decreasing in China – the world’s number one Tax Free shopping nation - some retailers may fear this could deter Chinese shoppers from travelling abroad in the search for cheaper goods.

In a further effort to spark domestic consumption, Chinese authorities have created a new four-day holiday in May, which may result in increased international travel.

However, not everyone is pessimistic about the new regulations. In January, data from investment bank UBS found that product prices in China maintained a significant premium of 30% compared with Europe’s prices – before any Tax Free saving is factored in.

In addition, the euro’s weakness as a result of the downward pressure on the German and Italian economies has also likely had an impact on price differentials.

March saw a slight decrease in Tax Free sales to Chinese shoppers across Europe, but the 8% decline can largely be attributed to Chinese New Year falling earlier in 2019 than last year.

1. www.businessoffashion.com/articles/news-analysis/apple-louis-vuitton-gucci-luxury-brands-drop-china-prices-as-vat-cuts-take-effect

March Report 2019

Vietnamese shoppers’ spending power goes from strength to strength

Vietnamese nationals are playing an increasingly important role in driving global Tax Free sales. Although European retailers saw a 6% decline in purchases by Vietnamese shoppers in 2018, the ATV for Vietnamese shoppers has continued to grow. The country’s average spend for March came in at a massive €1,036, and continues to rank higher than the traditional big-spending nations of the United Arab Emirates, Taiwan and China.

In fact, the ATV for Vietnamese shoppers has grown by 14% year-on-year for the past two years. As a result, Vietnamese shoppers have moved from the 27th highest-ranking country in terms of ATV in 2017, to 17th in 2018.

The Planet Shopper Index, which uses Tax Free purchasing data and key economic measures including inflation, GDP growth and currency movement, tracks the spending power of the 25 most lucrative international source markets. The latest index saw Vietnam climb two places to 8th overall1.

This rise in Vietnamese spending power seems to correlate with the expansion of the country’s middle class. According to Boston Consulting Group, the number of middle class citizens is expected to increase from 20 million in 2015 to 33 million in 2020, representing a 65% increase.

This socioeconomic boom is being driven by the growth of the upper middle class, which is expected to double in size from 5 million to 10 million within the same period2. The average upper-middle-class Vietnamese spends 87% more on international travel per year than the average middle-class citizen.

Despite this growth, Vietnam’s GDP per capita is still low, ranking 132nd out of the 184 countries measured by the World Bank in 2017, highlighting the substantial wealth gap throughout the nation. However, GDP per capita in the emerging manufacturing powerhouse grew by an astounding 160%3 across the last ten years of available data, with its latest quarterly growth measuring 6.9% year on year4.

Top 25 Countries - ATV and SiS mix % 2018

€1200

30%

35%

€1000

25%

€40010%

€800

20%

€200 5%

€60015%

€0 0%

2018 ATV 2018 SiS mix

China

31%

9%

6% 4% 4%

3%

2% 2% 2% 2% 2% 2%

1%

2%

1%

2%

1% 1% 1% 1% 1% 1% 1% 1% 1% 1%

€81

4

€81

4

€81

4 €81

4

€81

4

€81

4 €81

4

€81

4 €81

4

€81

4 €81

4 €81

4

€81

4

€81

4

€81

4

€81

4

€81

4

€81

4

€81

4

€81

4

€81

4

€81

4 €81

4

€81

4 €81

4

€81

4

USA

Russia

Taiwan

Hong Kong

South Kore

a

Singapore

UAE

Thailand

Kuwait

Malaysia

Saudi Ara

bia

Switzerla

nd

JapanIsra

el

Qatar

Indonesia

Lebanon

Ukrain

eBra

zil

Morocco

India

Australia

Egypt

Canada

Vietnam

Vietnam - Quarterly Year-on-Year GDP growth

8%

10%

6%

2%

4%

0%

7.0%

5.5%

5.8%

6.6%

6.7%6.3% 7.5%

7.7%

7.5%

6.7%

6.9%

6.9%

Jan 16

Jan 17Jul 16

Jul 17

Jan 18

Oct 18

Apr 16

Apr 17

Oct 16

Oct 17

Jul 18

Apr 18

Jan 19

5.1%

1. www.planetpayment.com/media/4306/planet-shopper-index_issue2_uk.pdf

2. www.bcg.com/publications/2016/globalization-growth-capitalizing-asias-booming-upper-middle-class.aspx

3. data.worldbank.org/indicator/NY.GDP.PCAP.CD?locations=VN

4. en.nhandan.org.vn/business/item/7309602-robust-production-fueling-economic-growth.html

[Chart] https://tradingeconomics.com/vietnam/gdp-growth

Planet Intelligence | 6March Report 2019

Sales Performance - March 2019By Destination By Source Market

+13.1%

+1.6%

+0.8%

-9.5%

-10.9%

+0.3%

+26.6%

-6.1%

-2.6%

+13.2%

-8.3%

+31.8%

+26.4%

-7.9%

+18.8%

-3.0%

+0.2%

+20.4%

+25.3%

+25.1%

FRA

ITA

GBR

ESP

DEU

AUT

PRT

CZE

CHE

IRL

CHN

USA

TWN

RUS

KOR

HKG

THA

KWT

JPN

UAE

Planet Intelligence | 7March Report 2019

Sales Performance - YTDBy Destination By Source Market

FRA

GBR

ITA

ESP

DEU

AUT

PRT

CZE

IRL

CHE

CHN

USA

RUS

TWN

KOR

HKG

THA

KWT

JAP

UAE

+5.7%

-0.5%

+4.2%

-1.5%

-7.4%

+3.9%

+9.4%

-1.9%

+8.5%

-14.1%

+1.2%

+26.8%

-16.7%

+36.3%

+13.9%

+1.2%

-0.6%

+10.0%

+21.4%

+4.1%

Planet Intelligence | 8March Report 2019

Top 5 Visitor Nations per Destination Country – March 2019

CHINA 39% € 1,971 +17%USA 9% € 1,416 +33%TAIWAN 8% € 2,677 +53%SOUTH KOREA 5% € 700 +4%HONG KONG 3% € 2,869 -17%

CHINA 23% € 669 -23%TAIWAN 11% € 619 +61%RUSSIA 11% € 442 -17%SWITZERLAND 10% € 483 +11%UKRAINE 6% € 461 +27%

CHINA 22% € 1,026 -33%RUSSIA 11% € 720 -8%USA 8% € 989 +26%SOUTH KOREA 8% € 763 +51%TAIWAN 7% € 1,030 +17%

CHINA 29% € 2,561 -6%BRAZIL 22% € 455 +48%ANGOLA 16% € 418 +33%USA 5% € 1,746 +616%UAE 4% € 9,961 +349%

CHINA 17% € 443 -29%KUWAIT 9% € 368 +20%USA 8% € 513 +31%UAE 6% € 732 +49%HONG KONG 5% € 479 -13%

TAIWAN 30% € 239 +12%CHINA 24% € 312 -22%RUSSIA 21% € 270 -12%SOUTH KOREA 4% € 203 -22%UKRAINE 3% € 384 +18%

CHINA 29% € 618 -34%USA 7% € 663 +23%RUSSIA 6% € 341 -18%SOUTH KOREA 5% € 324 +69%ARGENTINA 4% € 211 -18%

CHINA 42% € 910 -17%RUSSIA 9% € 630 -20%THAILAND 6% € 1,030 +20%TAIWAN 4% € 503 -29%HONG KONG 3% € 2,020 +69%

CHINA 38% € 449 -15%USA 33% € 144 +35%CANADA 3% € 151 +16%COSTA RICA 2% € 26,908 +53,541%HONG KONG 2% € 555 +90%

Share ShareTop 5 Top 5ATV ATVY/Y Sales Y/Y Sales

FRA

ITA

GBR

ESP

DEU

AUT

PRT

CZE

CHE

IRL

CHINA 21% € 1,278 -26%RUSSIA 9% € 1,633 -7%THAILAND 8% € 1,438 +88%USA 6% € 1,442 +28%KUWAIT 5% € 2,347 +161%

Planet Intelligence | 9March Report 2019

Top 5 Visitor Nations per Destination Country – YTD

CHINA 37% € 1,866 +9%USA 8% € 1,348 +29%TAIWAN 8% € 2,580 +63%SOUTH KOREA 5% € 680 +1%HONG KONG 3% € 2,591 -24%

CHINA 23% € 677 +11%RUSSIA 13% € 421 -26%TAIWAN 9% € 652 +107%SWITZERLAND 9% € 430 -9%UKRAINE 6% € 455 +2%

CHINA 23% € 423 -8%KUWAIT 8% € 344 +11%USA 7% € 537 +29%UAE 6% € 617 +10%HONG KONG 5% € 465 +2%

CHINA 30% € 2,203 +8%BRAZIL 22% € 432 -6%ANGOLA 19% € 455 +21%USA 5% € 1,848 +592%HONG KONG 3% € 10,449 -14%

CHINA 26% € 1,032 -13%RUSSIA 12% € 685 -10%USA 7% € 1,021 +22%SOUTH KOREA 6% € 723 +44%TAIWAN 6% € 1,119 +21%

TAIWAN 25% € 234 +26%CHINA 23% € 299 +17%RUSSIA 23% € 289 -28%SOUTH KOREA 4% € 189 -31%UKRAINE 3% € 385 -5%

CHINA 31% € 629 -3%RUSSIA 7% € 360 -17%USA 6% € 629 +18%SOUTH KOREA 6% € 308 +69%MOROCCO 4% € 264 -10%

CHINA 42% € 448 -7%USA 24% € 175 +26%UAE 3% € 481 +84%MALAYSIA 3% € 356 -9%AUSTRALIA 3% € 180 -5%

CHINA 38% € 834 -8%RUSSIA 10% € 490 -21%THAILAND 5% € 1,069 +18%TAIWAN 4% € 447 -13%SWITZERLAND 3% € 370 -7%

CHINA 21% € 1,348 -26%RUSSIA 9% € 1,330 -27%UAE 8% € 2,932 +6%USA 6% € 1,482 +3%THAILAND 6% € 1,347 +58%

Share ShareTop 5 Top 5ATV ATVY/Y Sales Y/Y Sales

FRA

GBR

ITA

ESP

DEU

AUT

PRT

CZE

IRL

CHE

Planet Intelligence | 10March Report 2019

Currency vs Euro & GBP: Top Source Markets Currency movements: Last 52 Weeks

8.2

8.1

8.0

7.9

7.8

7.7

7.6

7.5

7.4

7.3

9.2

9.1

9.0

8.9

8.8

8.7

8.6

8.5

8.4

82

80

78

76

74

72

70

68

66

1.26

1.24

1.22

1.20

1.18

1.16

1.14

1.12

1.45

1.40

1.35

1.30

1.25

1.20

9.8

9.6

9.4

9.2

9.0

8.8

8.6

CNY > EUR CNY > GBPRUB > EUR

USD > EUR USD > GBPHKD > EUR

Planet Intelligence | 11March Report 2019

In partnership with

Know tomorrow’s travellers

Arrivals Forecast

Planet Intelligence | 12March Report 2019

Europe OverviewDestination Market InsightsIn the second quarter of 2019, Europe can expect a 3% increase in arrivals of non-EU visitors. The countries most likely to welcome more tourists are Portugal and Austria, with growth forecasts of 7% and 6%, respectively.

The number of tourists expected to visit Finland is predicted to decline by almost 2%, while France is expected to suffer a 1% decline in arrivals. However, this is a vast improvement on the 5% decline France experienced in the last quarter, which can largely be attributed to the ongoing Gilets Jaunes protests.

Source Market InsightsThe second quarter of the year will see significant increases in arrivals from Asian markets, with visitor numbers from Taiwan, Hong Kong and Japan set to increase by 16%, 15% and 13% respectively.

Public holidays over the next three months are likely to be a large driver encouraging international travel. Taiwanese nationals are due to celebrate Children’s Day, Labour Day and the Dragon Boat Festival, while Japanese nationals will be celebrating a host of national holidays, cumulatively known as Golden Week in April and May.

Chinese tourist arrivals are also predicted to increase by 5%, as a result of the extended May holiday in China as well the Dragon boat festival on 7th June. Retailers can expect an increase in arrivals of 15% and 4% in May and June, respectively.

Know tomorrow’s travellersPlanet Intelligence | 13

APR 18 - JUN 18 APR 19 - JUN 19

+0.7% +4.9%

+0.2% +2.9%

+4.9% -1.0% +4.5% +2.8%

+2.5% 0.0%

+4.1% +6.0%

+1.2% -1.8%

+0.8% +1.7% +5.9% +7.0%+6.9% +3.8%

+3.0% +2.7%

ITA DEU

FRA

ESP

GBRTotal

PRT

FIN

CZE

AUT

IRL

3 Month Arrivals Outlook - France

Planet Intelligence | 14Know tomorrow’s travellersKnow tomorrow’s travellers

USA

KUW

SAU UAE THA

CHN

QAT IND

RUS

MYS

TWN

KOR

JPN

HNG

BRA

+0.5% -16.0%

+12.8% -5.7%+19.6% +1.6%

+12.2% -0.1%

+22.9% +12.0%+24.6% -12.6%

+10.0% +7.9%

+14.7% +8.5%

-2.3% -19.2%

+13.9% +9.7%

+9.3% +4.3%

+5.2% +5.8%

+13.0% +1.4%

+4.4% -8.8%

-1.3% -7.5%

APR 18 - JUN 18 APR 19 - JUN 19

3 Month Arrivals Outlook - UK

Planet Intelligence | 15Know tomorrow’s travellers

USA

KUW

SAU UAE THA

CHN

QAT IND

RUS

MYS

TWN

KOR

JPN

HNG

BRA

-9.6% -7.9%

+8.6% +5.9%+16.3% +16.0%

-1.9% +16.3%

-0.7% +2.4%-1.4% +4.6%

-11.8% +5.9%

-3.3% -0.8%

-12.8% -7.6%

-1.9% +22.8%

-4.2% +16.8%

-0.2% +8.5%

+7.9% +15.6%

-6.0% +17.5%

-8.0% +6.4%

APR 18 - JUN 18 APR 19 - JUN 19

3 Month Arrivals Outlook - Italy

Planet Intelligence | 16Know tomorrow’s travellers

USA

KUW

SAU UAE THA

CHN

QAT IND

RUS

MYS

TWN

KOR

JPN

HNG

BRA

-12.5% +9.0%

+17.0% -9.7%+16.6% -1.0%

+6.3% +4.6%

+27.0% +9.9%+0.5% -16.2%

+7.0% +14.6%

-3.8% +9.1%

+4.0% -1.2%

+6.0% +11.5%

+1.0% +4.2%

+11.0% +8.2%

+20.2% +6.1%

+16.3% -2.5%

-14.3% -0.4%

APR 18 - JUN 18 APR 19 - JUN 19

3 Month Arrivals Outlook - Spain

Planet Intelligence | 17Know tomorrow’s travellers

USA

KUW

SAU

BRA

USA

KUW

SAU UAE THA

CHN

QAT IND

RUS

MYS

TWN

KOR

JPN

HNG

BRA

-10.3% +4.1%

+17.5% -5.1%+18.1% -14.0%

-6.7% +15.7%

+6.1% +9.4%+3.4% -10.4%

-3.4% +33.7%

-28.4% +21.9%

-1.7% -3.7%

-9.6% +32.3%

+23.0% -5.9%

-2.9% +5.9%

+4.9% +6.3%

-20.2% +8.7%

-7.2% +2.5%

APR 18 - JUN 18 APR 19 - JUN 19

3 Month Arrivals Outlook - Germany

Planet Intelligence | 18Know tomorrow’s travellers

USA

KUW

SAU UAE THA

CHN

QAT IND

RUS

MYS

TWN

KOR

JPN

HNG

BRA

-5.4% +1.5%

+6.2% -5.7%+29.0% +17.4%

+3.2% -0.2%

+7.9% +7.2%+10.2% -8.7%

-2.5% +20.2%

-2.2% -8.9%

-6.0% -0.9%

+0.6% +8.0%

+0.8% +23.0%

+1.0% +7.2%

+3.8% +9.0%

+13.9% +6.8%

-10.6% -9.0%

APR 18 - JUN 18 APR 19 - JUN 19

3 Month Arrivals Outlook - Austria

Planet Intelligence | 19Know tomorrow’s travellers

USA

KUW

SAU UAE THA

CHN

QAT IND

RUS

MYS

TWN

KOR

JPN

HNG

BRA

-7.1% -7.7%

+2.6% -5.8%+30.0% +28.8%

+16.1% +20.8%

+178.0% +3.8%+3.0% -14.5%

-0.3% +23.6%

-1.7% +9.8%

+3.7% +6.1%

+12.0% +7.8%

+8.0% +67.4%

+3.9% +8.5%

-18.1% +6.2%

-3.2% +2.8%

-13.6% -2.0%

APR 18 - JUN 18 APR 19 - JUN 19

3 Month Arrivals Outlook - Finland

Planet Intelligence | 20Know tomorrow’s travellers

USA

KUW

SAU UAE THA

CHN

QAT IND

RUS

MYS

TWN

KOR

JPN

HNG

BRA

-12.7% +1.1%

+8.6% -2.5%-10.0% -5.3%

-14.8% -3.3%

-0.1% +15.7%-30.4% +9.0%

+13.0% +15.0%

-9.2% -34.5%

+12.1% -19.0%

+1.9% +5.8%

-3.2% +5.4%

+7.4% +9.1%

+1.3% -5.1%

+9.1% -32.2%

-8.8% -11.5%

APR 18 - JUN 18 APR 19 - JUN 19

3 Month Arrivals Outlook - Portugal

Planet Intelligence | 21Know tomorrow’s travellers

-10.7% -7.5%

+21.1% -6.7%+2.0% +1.6%

-12.8% +6.5%

+30.6% +19.1%-12.0% -6.9%

+1.1% +29.8%

+9.8% +30.0%

-4.6% +19.0%

+10.0% +7.1%

+136.9% -31.6%

+6.3% +19.7%

+9.0% +3.6%

+16.3% -9.3%

+6.5% -4.8%

USA

KUW

SAU UAE THA

CHN

QAT IND

RUS

MYS

TWN

KOR

JPN

HNG

BRA

APR 18 - JUN 18 APR 19 - JUN 19

3 Month Arrivals Outlook - Ireland

Planet Intelligence | 22Know tomorrow’s travellers

-4.0% +18.8%

+21.3% +8.1%+20.8% -11.9%

+1.7% -8.8%

+23.8% -8.0%+6.1% -9.8%

-11.3% +34.2%

-20.4% -3.2%

+17.3% -21.3%

-14.8% -1.4%

-28.1% +23.9%

+1.4% +3.2%

+20.6% +8.1%

-9.1% -21.5%

-6.6% -0.3%

USA

KUW

SAU UAE THA

CHN

QAT IND

RUS

MYS

TWN

KOR

JPN

HNG

BRA

APR 18 - JUN 18 APR 19 - JUN 19

3 Month Arrivals Outlook - Czech Rep.

Planet Intelligence | 23Know tomorrow’s travellers

-12.7% +3.8%

+26.3% -4.8%+32.6% -15.4%

+4.2% +3.2%

-0.8% -8.6%+97.3% -35.6%

-2.2% +15.1%

+46.0% -45.2%

+4.1% -12.6%

+8.0% +12.7%

-26.6% +14.4%

+14.7% +10.9%

+1.1% -11.8%

+31.0% -2.5%

-24.0% +15.1%

USA

KUW

SAU UAE THA

CHN

QAT IND

RUS

MYS

TWN

KOR

JPN

HNG

BRA

APR 18 - JUN 18 APR 19 - JUN 19

Normal traffic Medium traffic High traffic

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Brazil

China

Hong Kong

India

Indonesia

Japan

Malaysia

Middle East

Russia

South Korea

Taiwan

Thailand

USA

Planet International Calendar

Planning for international shoppers throughout the year

The following heat map has been designed in order to show the important travelling times of key Tax Free shopping nations. Used in conjunction with the major international calendar dates that are provided on the following page, you will be able to plan for the major international shopping periods throughout 2019.

Key Tax Free shopping months include July, which is the busiest Tax Free shopping month of the year, coinciding with summer holidays, as well as US Independence Day. October is also a major month for international shoppers, which sees a sharp increase in tourists seeking to enjoy Chinese National Golden week. August also sees a significant amount of spend, as many Middle Eastern inhabitants travel in order to celebrate the Eid al-Adha Festival.

Planet Intelligence | 24March Report 2019

July4 Independence Day (USA)4 Rath Yatra (Hindu)7 Star Festival (JPN)14 Republic Day (IRQ)15 Sea Day (JPN)16 Asalha Bucha (THA)17 Buddhist Lent Day17 Constitution Day (KOR)22 Sarawak Independence Day (MYS)28 King Vajiralongkorn’s Birthday

(THA)

August7 Chinese Valentine’s Day11-15 Eid al-Adha (Hari Raya Haji/

Bakr Id/Feast of sacrifice) (Islam)11-12 Mountain Day (JPN)12 The Queen’s Birthday (THA)15 Spirit Festival (CHN/HKG/TWN)15 Ghost Festival (JPN)15 Independence Day (IND)15 Raksha Bandhan

(Hindu/Sikh/Jain)17 Navroze (Parsi New Year) (IND)24 Janmashtami (Hindu)31 Merdeka Day

Independence Day (MYS)

September1 Day of Knowledge (RUS)1 Muharram / Al-Hijra

(Islamic New Year) 2 Labour Day (USA)2 Ganesh Chaturthi/Vinayaka

Chaturthi (Hindu)3 Armed Forces Day (TWN)7 Independence Day (BRA)9 The Yang di-Pertuan Agong’s

Birthday (MYS)10 Muharram/Ashura (Islam)11 Onam (Hindu)13 Mid-Autumn Festival

(CHN/HKG/TWN)14 Day after Mid-Autumn Festival16 Malaysia Day16 Respect for the Aged Day (JPN)23 Autumn Equinox

October1 Armed Forces Day (KOR)1-7 National Day and Golden Week

holiday (CHN)2 Mahatma Gandhi Jayanti (IND)3 Iraqi Independence Day3 National Foundation Day (KOR)5 Maha Saptami (IND)6 Maha Ashtami (IND)7 Maha Navami (IND)7 Double Ninth Festival (CHN)7 Dussehra (Hindu)9 Hangeul Proclamation Day (KOR)10 National Day/Double Tenth Day

(TWN)12 Our Lady Aparecida/

Children’s Day (BRA)13 Maharishi Valmiki Jayanti (IND)14 Columbus Day (USA)17 Karva Chauth (Hindu)23 Chulalongkorn Day (THA)24 Birthday of Sultan of Pahang (MYS)25 Taiwan’s Retrocession Day27 Naraka Chaturdashi (Hindu)27 Diwali/Deepavali

(Hindu/Sikh/Jain/Buddhist)28 Govardhan Puja (IND)29 Bhai Dooj (Hindu)31 Halloween (USA)

November2 Chhath Puja (Pratihar Sashthi/

Surya Sashthi) (IND)2 All Souls’ Day (BRA)3-4 Culture Day (JPN)4 Unity Day (RUS)9-10 Mawlid (Mouloud /The Prophet

Muhammad’s Birthday) (Islam)11 Double 11th Festival (CHN)11-12 Birthday of the Sultan of

Kelantan (MYS)12 Guru Nanak Jayanti (Sikh)15 7-5-3 Day (JPN)15 Republic Proclamation Day (BRA)20 Black Consciousness Day (BRA)20 Children's Day (UAE)23 Labour Thanksgiving Day (JPN)24 Guru Tegh Bahadur’s

Martyrdom Day (Sikh)28 Thanksgiving Day (USA)29 Black Friday (USA)30 Commemoration Day (UAE)

December2 National Day (UAE)3 National Day Holiday (UAE)18 National Day (QAT)24 Christmas Eve25 Christmas Day26 Boxing Day31 New Year ’s Eve

January1 New Year ’s Day2 New Year ’s weekend 2-3 Jan Bank Holiday (JPN)2-8 New Year Holiday Week (RUS)6 Iraq Army Day (IRQ)7 Orthodox Christmas Day (RUS)13 Guru Govind Singh Jayanti (IND)13 Lohri (IND)14 Makar Sankranti (IND) 14 Birthday of Yang di-Pertuan

Besar (MYS)14 Coming of Age Day (JPN)15 Pongal (IND)21 Martin Luther King Jr. Day (USA)21 Thaipusam (MYS)26 Republic Day (IND)

February1 Federal Territory Day (MYS)4 Chinese New Year ’s Eve (CHN)4 Farmer’s Day (TWN)4 Seollal Holiday (KOR)5 Chinese New Year5-6 Seollal (KOR)6-10 New Year Golden Week (CHN)10 Vasant Panchami (IND)11 National Foundation Day (JPN) 12 National Sports Day (QAT)14 Valentine’s Day18 Presidents’ Day (USA)19 Lantern Festival (CHN)19 Shivaji Jayanti (IND)19 Guru Ravidas Jayanti (IND) 19 Makha Bucha (THA)23 Defender of the Fatherland

Day (RUS)25 National Day (KWT)26 Liberation Day (KWT)27 Special Operations

Forces Day (RUS)28 228 Memorial Day (TWN)

March1 Maharishi Dayanand Saraswati

Jayanti (IND)1 Independence Day (KOR)2-6 Brazilian Carnival3 Dolls’/Girls' Festival (JPN)3 March bank holiday (QAT)4 Maha Shivaratri/Shivaratri (IND)4 Anniversary of Coronation of

Sultan of Terengganu (MYS)7 Hindu New Year 8 Int. Women’s Day12 Arbor Day (CHN)17 St. Patrick’s Day20 Holika Dahana (IND)21 Holi (IND)21 Dolyatra (IND)21 Hazarat Ali’s Birthday (IND)21 Nowruz (Persian New Year)29 Youth Day (TWN)23 Birthday Sultan of Johor (MYS)

April3 Ascension of the Prophet

Muhammad (Islam)3 Isra and Mi’raj (MYS)4 Children’s Day5 Tomb Sweeping Day

(HKG/TWN/CHN)5 Arbor Day (KOR)6 Chaitra Sukhladi (IND)6 Chakri Day (THA)8 Chakri Day (observed)13 Rama Navami (IND)13-16 Songkran (THA)14 Vaisakhi (Sikh/Hindu)14 Mesadi/Vaisakhadi (IND)14 Ambedkar Jayanti (IND)15 Tax Day (USA)15 Declaration of Malacca

as Historical City (MYS)17 Mahavir Jayanti (IND)19 Good Friday20 Holy Saturday21 Easter Sunday21 Tiradentes Day (BRA)22 Easter Monday27 Birthday of the Sultan

of Terengganu (MYS)29 Shōwa Day (JPN)

May1 Labour Day1 Spring and Labour Day (RUS)2-3 Spring and Labour Holiday (RUS)3 Constitution Memorial Day (JPN)4 Youth Day (CHN)4 Greenery Day (JPN)5 Cinco de Mayo (USA)5 Children’s Day (JPN)6 Ramadan begins (Islam)7 Pahang State Holiday (MYS)7 Birthday of Ravindranath (IND)8 Parents’ Day (KOR)9 Victory Day (RUS)12 Mother ’s Day (USA)12 Buddha’s Birthday13 Royal Ploughing Ceremony (THA)15 Teacher ’s Day (KOR)18-20 Buddha Purnima/Vesak

(Buddhist)22 Nuzul Al-Quran (Islam)27 Memorial Day (USA)30-31 Harvest Festival

(Pesta Ka’amatan) (MYS)31 Jamat Ul-Vida (IND)

June1 Children’s Day (CHN/RUS) 1 Pancasila Day (IDN)1-3 Gawai Dayak (Sarawak) (MYS/IDN)5 Eid al-Fitr (Eid-ul-Fitar/Ramzan

Eid/Idul Fitri/Hari Raya Puasa) (Islam)

6 Memorial Day (KOR)7 Dragon Boat Festival (CHN)9 Children’s Day (USA) 12 Russia Day (RUS)12 Brazilian Valentine’s Day (BRA)16 Father ’s Day20 Corpus Christi (Catholic)

Planet Intelligence | 25March Report 2019

Planet is headquartered in Galway, IrelandEmail: [email protected] | Web: planetpayment.com

If you would like to know more about Planet Intelligence please get in touch with your Planet representative.

This publication is intended as a general overview of the subjects dealt with. Planet will accept no responsibility for any actions taken on the basis of this publication.

Prior results do not guarantee a similar outcome.Copyright © 2019 Planet Payment UK Limited. All rights reserved.


Recommended