Perhaps nowhere is the battle for Chinese tourists’ payments more obvious than in airports. For Alipay and WeChat Pay, presence in international airports is required to maintain the impression that their platforms genuinely are available in the international space. If these payment options aren’t even available in the most international of spaces—the airport—why would Chinese … More WeChat Pay Launches ‘Flagship Airport’ Program in Battle Against Alipay, UnionPay
Brexit has created substantial concerns about the British economy and its place in the world. Currently, the Tory government is currently in triage mode. Britain had an ideal agreement with the EU, where they could both maintain currency independence and take advantage of the inter-connectivity of the European economy. Given Britain’s precipitous economic standing, maintaining … More Britain Does What America Won’t: Open Skies with China
WeChat has hinted at a move into travel services, partnering with key global travel destinations to offer City Experiences mini programs. Dubai, Britain and Sydney, were selected as the pilot cities for the City Experience mini program, which was launched at a showcase in Shanghai on November 30th. Other cities including Washington DC are to … More WeChat Moves into Travel Services via Mini-Programs
Tourism as we know is part of rare luxuries one can enjoy during the leisure time. It also has substantial economic implications to favourite destinations, airlines and airports. It can also have more widespread implications even to nations or economies. Consider Russia’s western sanctions; foreign direct investments dry up, expat’s leaving back to their countries, … More Tourism and travel – part of nations political toolbox
With China’s 19th Party Congress over, JPMorgan Chase & Co.’s Asia Pacific vice chairman, Carl Chien, expects to see a return to the massive overseas acquisitions and investments from large Chinese corporations in tourism and air travel that marked 2016. Overseas deals by Chinese companies reached a total estimated worth of around $250 billion in … More New Stability to Boost Tourism Firms’ Overseas Investments
In today’s society, social media plays an integral part in everyday life, and according to a study published by Consumer Technology Association, Digital Lifestyles in China, Chinese consumers are highly engaged on social media with Wechat being the leading social networking platform. Out of Wechat’s users, 86 percent connect multiple times a day. As a … More How Hawaii Leverages Digital Marketing to Attract Chinese Visitors
For foreign brands and firms catering to Chinese tourists or luxury shoppers, the potential of Beijing reducing the flow of outbound Chinese tourists or damaging domestic operations as retaliation has proved to be a substantial concern in the past few years. The volatile relationship between U.S. President Donald Trump and Chinese President Xi Jinping has … More Does Trump-Xi Relations Matter for Sino-American Trade and Tourism?
Payment-wise, it has never been a better time to be a Chinese tourist visiting the United States and Canada, at least according to UnionPay. Market penetration in the United States has now passed 80 percent among merchants, with withdrawals allowed at virtually any ATM across all 50 states. In Canada, UnionPay cards are now accepted … More UnionPay Reaches Full Market Penetration in the United States & Canada
Russian Prime Minister Dmitry Medvedev is currently in China after getting invited by Chinese Premier Li Keqiang, in part prompted by a 35 percent increase in Russia-Chinese trade volume this year. Medvedev also took the opportunity to point out that cultural exchanges between the two countries are intensifying, with 1.2 million Chinese tourists visiting Russia … More Russia Mulls Easing Visa Requirements as Chinese Tourism Grows
China and South Korea have reportedly agreed to restore bilateral relations to a “normal development path swiftly.” What this means for the ongoing ban on the sale of tour group packages from China to South Korea is unclear, as tour group packages for South Korean destinations are still unavailable on Chinese online travel agencies (OTAs). … More China Signals Thaw in THAAD Dispute and Likely End to ‘Tourist Ban,’ but Why Now?