The Chinese Daigou industry explained | The future of surrogate shopping in China
Daigou (代购) is a form of surrogate shopping in China as a means to receive cheaper luxury goods from duty free shops and foreign countries. Along with the growth in tourism, the luxury market, and increased disposable income, the Daigou market in China has developed rapidly in the past ten years. Until 2014, the market […]
China Paradigm 125: Advice from a 10-year entrepreneur in China’s travel industry to new entrants
We interview Yael Farjun, who is present co-leader at Travel Massive and an experienced entrepreneur, who founded 2 companies in China’s travel industry. Both have now been shut down due to travel restrictions. In this episode, Yael shares her 10 years of experience in China’s travel industry, talking honestly about the ups and downs, challenges […]
Destination unknown: The newest addition to the blind box economy in China – Airplane tickets
In recent years, the blind box economy in China has benefited from the vigorous development of the two-dimensional culture, and its market scale has grown rapidly. Blind boxes are a product of popular consumer culture. Who are blind box consumers in China The MOB research institute estimates that blind box economy in China will reach […]
China’s hotel market sees fast recovery from the epidemic and positive outlook for future development
With increasing domestic tourism and business travel, the hotel market in China is far from reaching its saturation point. These years, China’s hotel industry has experienced meteoric growth. In 2019, the market size of hotel industry sales revenue was 677 billion Yuan. The industry market concentration is still relatively high. Jinjiang Group, Huazhu Group, and […]
5 Chinese domestic tourism trends brands should know in 2021
The COVID-19 pandemic made 2020 a challenging year for many industries, particularly, tourism has become one of the most affected sectors. Outbound travel, which had grown fast among Chinese consumers, experienced the toughest winter yet, due to international airline control and cross-border travel restrictions. On the contrary, thanks to the effective response to the COVID-19 […]
Understanding China’s VAT tax incentive policies: Up-close on Hainan island
Since the beginning of 2020, in order to help retail, tourism, and education, the Chinese Ministry of Finance (MOF) and State Taxation Administration (STA) and the local government have announced tax reliefs and measures to support related enterprises and citizens. China’s VAT tax incentive policies are set in place to boost domestic tourism and spending. […]
The Chinese ski market: how China is going crazy for snow with the upcoming Winter Olympics
The Chinese ski market is currently small but getting ready to burst. Winter sports in general have quickly gained in popularity in China over the last two decades, and the proximity of the 2022 Chinese Winter Olympics is expected to push this trend even further. In 2002, China only had 130 ski resorts with 2 […]
New amusement parks in China open as tourism turns to domestic destinations
Out-of-home entertainment in China is becoming both more active and more high-tech
With the growing middle class in China comes a greater emphasis on the quality of life. Families are willing to spend more money on leisure time to unwind from work and school. According to iResearch, the market size of out-of-home entertainment in China has a steady growth rate at around 15% in the past years, […]
Westin in China embraces new trends in marketing for upscale hotels
Westin Hotels & Resorts is an international hotel chain owned by Marriott International. Headquartered in White Plains, New York, Westin is the hotel brand with the longest history within Starwood Groups. In 2016, Marriott International acquired Starwood, becoming the largest hotel chain in the world. Westin in China is mostly located in tier 1 and […]