Olympics spur huge increases in spending

Vancouver and Whistler retailers got a big boost from the Olympics, with sales up 48 per cent over the same period last year.

Vancouver and Whistler retailers got a big boost from the Olympics, with sales up 48 per cent over the same period last year.

Bars and pubs benefited with a 130 per cent increase, while souvenir sales almost quadrupled with a 373 per cent boost. Clothing sales doubled.

Most of the spending was done by Canadians, but 22 per cent was by international visitors. The biggest international spenders were from China, spending an average of $423 per transaction.

Gold-medal achievements sparked the biggest spending days. After Canada’s first gold medal, spending rose 117 per cent. The exception was winning hockey gold on the final day of the Games. Sales dropped 41 per cent compared to previous Olympic days.

The data was compiled by credit card and debit-processing company Moneris Solutions.


 
 
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