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Unrelated to article per se, but I’ve noticed a distinctive shift as to who tourism-dependent countries cater to. Thailand, Malaysia, etc. all shifted their tou
by budududuroiu 1y ago
Unrelated to article per se, but I’ve noticed a distinctive shift as to who tourism-dependent countries cater to. Thailand, Malaysia, etc. all shifted their tourism to cater to the Chinese tourist market, as Westerners don’t spend as big when travelling. Both places have big signs in mandarin in the airport going 友誼長存, meaning long lasting friendship (between our countries). Personally, I’ve never seen this level of glazing towards any Western country before.
Similar thing with luxury brands. While Louis Vuitton is closing stores in SF, they’ve custom built a huge boat-shaped one in Shanghai.
- Fade_Dance 1y agoThis isn't a new trend. When it comes to luxury, some of this trend is even on the way out. If you at Estee Lauder's earnings calls, they are having serious issues because of the drop spending in duty free zones by Chinese. Overall you're right of course, just thought I'd add an anecdote that I happen to recall.
- hollerith 1y agoChinese citizens are prohibited from investing abroad and keeping money abroad. It might be that the signs you describe are more about getting around that prohibition than about hedonism.
- budududuroiu 1y agoI’m sure it’s some grey area. DBS Singapore saw some $6bn inflows from China in the first half of 2023. Regardless, I did see gold jewellery sold by weight in China too, which is much more indicative of use as an asset than a beauty piece
- deadfoxygrandpa 1y agoyeah i dont think this is true. where did you hear this?
- userbinator 1y agoWhile Louis Vuitton is closing stores in SF There are other reasons besides China causing them to do that.
- supportengineer 1y agoYes, such as the complete abandonment of law enforcement in SF.
- mysteryalias 1y agoYou obviously have never set foot in SF if you’re spouting this nonsense. Hey everyone, the city with an insane concentration of wealth and corporations is also a lawless anarchist zone, just ignore your eyes and ears and it’ll make sense…
- giingyui 1y ago[dead]
- supportengineer 1y agoI spend several days a month in San Francisco
- gcanyon 1y agoI'm not sure what time frame you're talking about, but I lived in Bangkok from 2019 to 2021, and Chinese tourists were all over the place then. That said, the mall next to my apartment no longer has the Incredible Hulk standing in front of it, so maybe you're right and the american influence is fading. ¯\_(ツ)_/¯
- __rito__ 1y agoI have always thought that this is largely due to the fact that Chinese people still cannot inherit their parents' wealth, and that is why Chinese middle class and upper-middle class people travel a lot more than their Western counterparts. Is it not the case?
- StrangeDoctor 1y agoI’m not sure what you mean, they have a 0% inheritance tax, and a fully codified succession framework mostly through civil laws.
- __rito__ 1y agoSo, my perception was probably misinformed.
- Gathering6678 1y agoThis is incorrect.
- palmotea 1y ago> Unrelated to article per se, but I’ve noticed a distinctive shift as to who tourism-dependent countries cater to. Thailand, Malaysia, etc. all shifted their tourism to cater to the Chinese tourist market, as Westerners don’t spend as big when travelling. I don't know about Malaysia, but IIRC Thailand is one of the few places Chinese nationals can travel visa free. Westerners have a lot more options. If travel restrictions focus the the firehouse of Chinese tourists on a few locations, I'd expect those to end up catering to Chinese more than other nationalities.