Every year, a staggering $5 billion flows out of countries in VAT refunds, leaving local economies behind. This eye-opening discussion highlights the importance of reinvesting tourist spending into local retail environments rather than letting it slip away. Ameer Jumahboy, Co-Founder & CEO of Utu, sheds light on the mechanics of digital tax-free systems, the potential for airports to transform into retail hubs, and the revolutionary role of AI and data in reshaping travel. Discover how money meant for local coffers can instead enhance the tourist experience and support local economies. Don’t miss these insights that could change how we think about shopping while traveling!
#Tourism #VATRefund #TravelEconomics #RetailInnovation #Utu #AmeerJumahboy #DigitalTax #AirportRetail #AIinTravel #EconomicGrowth #shorts