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Source: Nielsen
According to the Ctrip travel booking website, Thailand is expected to be the most popular overseas travel destination for Chinese tourists during the Chinese New Year holidays in February. Japan, Malaysia, Singapore and the United States also rank among the top 10 countries for which, according to Ctrip, 7 million Chinese tourists should be taken during the next holiday.
From street vendors to high-end department stores, mobile payments have stormed China. The company's promotions, lack of credit card use and the strong penetration of smartphones have turned a cash-based company into a society in which, apparently, everyone scans a QR code with a phone , whatever his age. The volume of transactions has skyrocketed from about $ 5 trillion in 2016 to nearly $ 16 trillion in the first quarter of 2018, according to Analysys data cited in a report by Hillhouse Capital .
While Chinese tourists usually pay for their mobile abroad, merchants adapt quickly. According to the Nielsen survey, 88% of respondents in Singapore, Malaysia and Thailand accept Chinese mobile payments, have adopted the technology in the past two years. Of those who accept payment methods, 40% said that overall pedestrian traffic has increased.
The report also states that about 60% or more of the Chinese surveyed reported using mobile telephony when traveling last year to the United States, Canada, the United Kingdom, France, Australia and the United States. Germany or Italy.
Overall, more Chinese tourists used mobile pay than cash on their trips last year, the report said. Bank cards remained the most used means of payment, while purchases, accommodation and catering remained the top three categories of spending.
To be clear, the increased support of technology abroad for technology does not necessarily mean that locals will be using it soon. Alipay, for example, requires a mobile phone number and a Chinese bank account. Payment technology operates overseas through partnerships with local merchants and businesses, such as First Data in North America.
However, just as luxury stores have hired Mandarin-speaking staff to serve Chinese tourists, more and more tourist destinations might feel the need to accept Alipay and WeChat Pay.
"In the future, we will support the efforts of a larger number of local merchants to connect with Chinese tourists and boost their commercial growth," said Chen Jiayi, business operations manager for the activities. Alipay cross-border, in a statement.
As China 's economy slows, Ctrip' s expectations for the 7 million outbound Chinese New Year travelers are up slightly from the forecast of 6.5 million last year.
In addition, the data show that more people from small towns are interested in overseas trips. The country's cities are divided into levels, with Beijing and Shanghai in first place and Nanjing and Chengdu in second.
The Nielsen survey found that more tourists from second-tier cities than from first-tier cities traveled to Europe last year and spent an average of $ 6,006 on one-way trips, up from at 472 USD in 2017.
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