Take Over – One Selfie At A Time

Adam Majendie, Chinese Tourists Are Taking Over the Earth, One Selfie at a Time, Bloomberg, February 11, 2018

Fuelling Growth

By 2021, Chinese tourists will spend $429 billion abroad, according to a report by CLSA. And they are spreading out. Weekend jaunts to the shops in Hong Kong or the casinos in Macau are being usurped by new favorite destinations. During the next three years, Japan, Thailand, the U.S. and Australia top the must-visit list, according to the report, with other destinations in Southeast Asia — especially Singapore, Indonesia, Malaysia and the Philippines —  following close behind.

As with Japan in the 1980s, citizens of nations that get rich, go places. The emerging nations of Asia-Pacific will add more than 50 million new outbound travelers in the five years ending in 2021, according to Mastercard Inc.

 

 

 

 

Through the WI Lens

We’ve addressed this theme repeatedly in previous issues of the Hospitality and Wellbeing Barometer, but we return to it because it is THE megatrend that will impact the whole industry for the foreseeable future – for good and for bad. As the author states, “we are becoming a planet of tourists” and Asia is the epicenter of a boom that is changing how we travel. China, in particular, is spreading out across the region, out-shopping, outspending and out-eating every other nation. This ‘peaceful tsunami’ of Chinese outbound tourists will soon engulf (or is already engulfing) the rest of the world, filling the coffers of businesses in hospitality and retail, and overwhelming many desirable places.

To grasp the significance of this phenomenon and why its expansion will endure, read this: “China currently accounts for more than a fifth of the money spent by outbound tourists, which is twice as much as the US – the next-biggest spender. This spending ‘performance’ is realized by a tiny fraction of the population: currently, around 5 percent of Chinese have passports.” The government is issuing about 10 million new travel documents every year!

For this new segment, affordable luxury and tech (everything has to take place on a smartphone) are becoming the two critical drivers.

Gut Feelings

April 16, 2019

Could Therapy Be Key To Treating Your IBS? – Huffington Post, 11 April 2019, Natasha Hinde

Radicalise Movement

April 2, 2019

Sitting down for too long may be causing 70,000 UK deaths a year – The Guardian, 26 March 2019, Nicola Davis

Humans Back In Vogue

March 26, 2019

Human Contact Is Now a Luxury Good – New York Times, 23 March 2019, Nellie Bowles

Sickness to Debt to Sickness

March 19, 2019

Americans Are Going Bankrupt From Getting Sick, The Atlantic, 15 March 2019, Olga Khazan

On The Money

March 12, 2019

Why the future of well-being isn’t about money www.weforum.org, 26 Feb 2019, Justin Dupuis

Bread Culture

March 5, 2019

With bread’s return to favor in the wellness world, consumers are ritualizing the baking process as an opportunity to slow down. JWT Intelligence, 28 February 2019, Emily Safian-Demers

Ikea Purity

February 26, 2019

Ikea’s new curtains purify the air inside your house – Fast Company, 20 Feb 2019, Jesus Diaz

Insectogeddon

February 19, 2019

Insectageddon – Politicians are complicit in the killing of our insects – we will be next – Guardian 12 February 2019 – Molly Scott Cato

Goop, Delta, Netflix

February 12, 2019

Goop Enters Netflix Deal: Has Pseudoscience Found A New Platform? Forbes, 9 Feb 2019, Bruce Y. Lee

Race Ready Workplace

February 5, 2019

5 ways work culture will change by 2030, Fast Company, February 4th 2019 Gwen Moran

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