Growth in tourism spending worldwide accelerated to 14 per cent in the second quarter from 10 per cent in the first, Barclays analysts said on Tuesday.

Data shows spending by Chinese tourists rose 22 per cent, against 20 per cent in the first quarter, while Russians spent 16 per cent more, compared with 17 per cent growth in the first quarter, Barclays said.

Spending in Europe grew 15 per cent, up from 11 per cent in the first three months of the year, Barclays added, citing figures from Global Blue, which operates a network of tax refund points for foreign shoppers.

In a boost to the luxury goods sector, a major beneficiary of tourist spending, worldwide tourism spending on watches and jewellery grew three per cent in the second quarter. Leather and accessories spending growth doubled to 12 per cent.

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