Monaco’s economy has once again shown its strength this summer, with businesses across the Principality reporting buoyant activity and healthy results…
The tourist season brought international visitors in significant numbers, alongside loyal local customers, creating a powerful mix that reinforced Monaco’s reputation as one of the most resilient luxury markets in Europe.
Boutiques and restaurants alike enjoyed a marked increase in footfall, with many businesses highlighting an uptick in the average spend. Ready-to-wear brands and high-end retailers noted particularly strong performance, confirming Monaco’s place as a global hub for discerning shoppers. The month of July was especially dynamic, with several traders reporting results around 5 percent higher than last year; a striking figure in the current international climate.
As reported by Monaco Info, many retailers observed that while August was slightly quieter, July’s exceptional pace set the tone for a season that overall exceeded expectations. One business owner described the season as “very positive,” underpinned by the loyalty of long-standing clients and the spending power of international visitors. Another noted the balance between tourist and local custom, suggesting that many residents had remained in Monaco during July before travelling in August.
The economic vitality witnessed this summer is part of a wider pattern of stability and growth in Monaco, supported by the Principality’s reputation for security, prestige, and quality of life. While a natural slowdown is anticipated in September, the season has reinforced confidence among traders and business leaders.
From bustling terraces to thriving boutiques, the message is clear: Monaco continues to deliver exceptional performance even amid global uncertainty. The Principality’s unique combination of glamour, safety, and economic resilience ensures that it remains a beacon of prosperity on the Mediterranean.
