Mailman X Business Weekly | Jan 11
Here are China’s top tourism business news that you need to know from this week:
Chinese P2P Falls As Other Payment Ecosystems Expand
Thanks to a nationwide crackdown on peer-to-peer (P2P) lending in China, a move that came after a series of multibillion dollar scams in that space and resulting protests, the P2P industry there could see the number of players decline by as much as 70 percent in 2019. Chinese authorities are reportedly gearing up to shut down small and medium-sized P2P lending platforms across the country. Read more here
Mailman Take: As P2P lending take a hit, WeChat and Alipay continue to expand beyond just mobile payments into voice activation and partnerships with global financial services companies. As we approach into 2019, don’t look for mobile payments to slow, according to this report, 65% of e-commerce sales and 36% of point-of-sale came for mobile wallets. Expectations are these numbers are set to increase into the new year.
Also this week:
Canadian Tourism Organizations Decide to ‘Pause’ Marketing in China
Chinese tourism in the Northwest Territories has seen a boom in the past few years, but with the current political chill between Canada and China, some of Canada’s main tourism organizations are stepping back from advertising for a while.Read more here
Older Chinese Are Set To Travel More As Country’s Demographics Shift
In 2018, the majority of reports about Chinese outbound travel have focused on trends among younger tourists, and specifically millennials, with online travel agencies like Ctrip.com International and Alibaba’s Fliggy noting an increase in post-’90s and post-’00s travel bookings. However, the reports have overshadowed one important aspect of China: the nation’s citizens are growing older. And as this segment of the Chinese population increases, destinations will be smart to adapt to their travel needs and offer campaigns that appeal to the demographic. Read more here.
Chinese Tourists to GCC to increase 81% by 2022
The number of Chinese tourists travelling to the GCC is expected to increase 81% from 1.6 million in 2018 to 2.9 million in 2022, according to data published ahead of Arabian Travel Market (ATM) 2019, which takes place at Dubai World Trade Centre from 28 April – 1 May 2019. Read more here
Travellers favour hotels, culture and cities, millennials can be swayed by a good deal: TripAdvisor survey
Asian travellers, particularly those from China, still value brands for hotels – 82% of Chinese travellers say it is important to stay in a hotel with a reputed and familiar brand. British travellers are least interested (22%) in hotel brands. In terms of demographics, families are likely to choose a branded hotel (44%) they trust compared to other traveller groups. Read more here.