Cultural and 188bet app benefits;The conflict between old and new giants in the duty-free market intensifies

World State Author of 188bet app article: Zhihui 2020-06-15 08:35:56
In-depth analysis of major cultural and 188bet app events of the week.

As a cultural and 188bet app industry operator,We all look forward to moving forward on this、Every major event in the ever-changing cultural and 188bet app era、Every key node,Have more understanding,Know its transformation、Hot and cold and trends。

here,Zhihui coordinates and analyzes the latest trends in cultural 188bet app during the week,Trying to find from these living elements the latest events or information in each field that are worth recording,Based on a certain framework、Perspective or Dimension,Let’s explore what they bring to the development of the cultural 188bet app industry,The value points brought to us。

Cultural 188bet app Review【Week 40】,Cultural and 188bet app frontline information,In-depth analysis of the week。

Quotes of cultural and 188bet app giants

Businesses with scarce resources are attracting more competition.

Recently, China National Travel Service has officially changed its name to China Travel Service China Duty Free (hereinafter, "China National Travel Service" will continue to be used),The business of "travel agency" has been diluted or even erased,Focus more on tax-free business。As early as January last year,China National Travel Service will transfer all the equity of its subsidiary China National Travel Service to the controlling shareholder China 188bet app Group,This has contributed to China National Travel Service’s performance: its net profit last year was 46.2.9 billion yuan,49 year-on-year increase.58;Main business gross profit margin 49.07%,Increase 7 year-on-year.96%。

The name "China National Travel Service" 188bet app become history,And Hainan Duty Free Products Co., Ltd. (referred to as "Hainan Duty Free Company") 188bet app also turn over。Recent,China International Travel Service announced the acquisition of 51% equity of Haidu and completed the equity transfer and industrial and commercial change registration,Officially included the latter。

Thus, China International 188bet app Service’s share in the domestic duty-free market is estimated to be around 85%,Even higher,The monopoly situation is becoming increasingly obvious。

But there are also new entrants。June 9,Announcement from Wangfujing Group, a subsidiary of Beijing 188bet app Group,It has obtained the qualification to operate duty-free goods,Can operate duty-free retail business,Only from April 19th to June 10th,Wangfujing’s stock price has risen by nearly 140%,Looking at the market value increasing by more than 10 billion yuan,The duty-free license is valuable。

Regarding the domestic 188bet app, we can look at it from three dimensions:

One,The domestic 188bet app has huge potential for growth。Public data display,China’s 188bet app size in 2015 was 23.7 billion yuan,Increased to 39.5 billion yuan in 2018,The compound growth rate is about 19%。

At the same time,Global duty-free sales in 2017 were US.6 billion,Discounted about 450 billion yuan,It reached about 500 billion yuan in 2018,Growth over 10%。In addition, mainland residents’ outbound shopping consumption exceeded US0 billion in 2018,equivalent to about 820 billion yuan,About 37% of them occur in duty-free shops,It is estimated that mainland residents spent approximately 300 billion yuan in overseas duty-free shops in 2018,Assuming that consumption returns to the scale of 100 billion,The scale of the domestic duty-free market 188bet app increase rapidly in the future,This is its market potential。

Part 2,The promotion of domestic consumption brings benefits。March this year,To boost the consumer market,The National Development and Reform Commission issued the "Implementation Opinions on Promoting Consumption Expansion and Quality Improvement to Accelerate the Formation of a Strong Domestic Market",Consider “further improving the duty-free industry policy” as one 188bet app measures to “vigorously optimize domestic market supply”,Propose and improve the duty-free industry policy system。Including but not limited to the construction of a number of city duty-free shops with Chinese characteristics、Addition of port duty-free shops、Study and adjust tax-free limits and types of tax-free items in a timely manner。

At the same time,Affected by the epidemic,Boost domestic consumption,Increased domestic demand,Thus stimulating economic development,Things that 188bet app valued more this year and beyond。In addition,It is almost impossible for outbound travel to fully recover this year and beyond,Consumption in outbound duty-free shops may be forced to return and be internalized。How big is this opportunity,It depends on the implementation of the above policies,Also look at the recent substance and implementation space of Hainan Free Trade Port’s tax-free policy。

Part 3,Intensified market competition。Including Wangfujing, which recently obtained a tax-free license,Currently, there are only eight domestic companies qualified to operate duty-free goods: China Duty Free、Rishang Duty Free、sea free、Zhuwu、Deep Free、Cream service、Zhongqiaohe Wangfujing。The first three companies including China Duty Free are all owned by China National Travel Service,Its "oligarch" pattern is obvious,How much impact will it receive from competition in the future,Let’s look at new competitors,For example, Wangfujing、Zhongxin and Caesar, etc.;Second, it depends on policy changes,For example, is it possible for Hainan Free Trade Port to implement island-wide tax exemption,This determines whether it 188bet app the most important duty-free market for China International Travel Service、Business barriers bring direct huge impact。(For more analysis on the duty-free market, please see "Changes in the Duty-Free Market: Attacking Oligarchs、Active Opponent、The "hot" main battlefield》)

Many things are uncertain,This situation brings a great crisis,Because it makes companies face swings before making decisions,Persist or give up?For example, World Travel Network,This leading outbound customized travel company recently chose to cease operations、Bankruptcy and Liquidation。As far as we know,One of the important reasons may be its internal judgment that there will be no chance of resumption of outbound 188bet app in the next year or even longer,And bankruptcy liquidation becomes the best possible outcome。

Even though many companies went bankrupt during the epidemic,It’s not as simple as the impact of the epidemic,There are also hidden dangers that the company had laid before the epidemic,These 188bet app impacted by the epidemic、The crisis of uncertainty continues to expand,Stop loss becomes one of the options。

Refer to an industry insider,Bankruptcy and liquidation 188bet app occur in June and July,Maybe it’s because of the lack of confidence in the unclear future,Because if many companies want to hold on, there is no way,But if there is insufficient confidence in the recovery of the industry,Probably not necessary。(For more analysis, please see "From Star Enterprise to Bankruptcy and Liquidation,Shijiebang Travel Network has no confidence in waiting for outbound travel to resume》)

Past week,Concerning the bankrupt companies, Swiss International Airport Belgium Branch, a wholly-owned subsidiary of HNA Group、The EDITION, the most luxurious hotel 188bet app United States。At the same time,AirAsia plans to lay off 30% of its staff,Planned to sell 10% of shares for working capital;Lufthansa2.60,000 people are at risk of being laid off。

Another option to fight the uncertainty crisis is to resume work and production,Seeking to return to normal 188bet app track。Universal Studios Hollywood partially opens on June 10,The entire theme park may be restarted in July;Disneyland in California plans to reopen on July 17;Hong Kong Ocean Park plans to reopen on June 13, etc.。

Summer is coming,This is the peak travel period in the third quarter,At the same time, the epidemic 188bet app a normalized prevention and control situation for a long time,It has also become necessary to gradually resume business operations,The continued stagnation of business is unbearable。

Destination Investment Barometer

The opening trend of domestic inter-provincial travel,will determine the fate of many 188bet app enterprises including travel agencies。At present,The prospect of opening up is not optimistic yet。

Mainly 188bet app latest trends in three places: Beijing、Hubei and Hainan。

Not long ago, Beijing lowered the level of major public health emergencies,And proposed to gradually liberalize domestic group tours,But new confirmed cases have appeared in recent days,As a result, the wind direction may change again。12th,Beijing proposes to strengthen culture and sports、188bet app、Prevention and control in catering and other industries,cinema、KTV and other enclosed entertainment venues are temporarily closed;13th,Beijing proposes inter-provincial tour groups、Sports events, etc. suspended。

June 12,Hubei issued a notice proposing the orderly resumption of conferences, exhibitions and cross-provincial (district)、City) 188bet app (except medium and high risk areas)。And as early as June 8,Hainan also revealed that it has not yet opened up inter-provincial borders、Cross-border organization of 188bet app and other activities。

About 10 days,Group tour has been suspended for 5 months,But it is still difficult to open the gate。On the one hand, combine the related words "orderly recovery"、Looking at “gradual opening”,The real recovery of inter-provincial group tours will take a long time,Promote small steps first,Look at the specific situation,Determine the next open action range。Taking Hubei as an example,Their inter-provincial travel 188bet app more likely to be local tourists traveling out of the province,The travel of foreign tourists into (Hubei) Province will also be restricted;On the other hand,As one of the “wind vanes”, Beijing has been affected by the latest epidemic,Resulting in new variables for inter-provincial group tours,This may affect the existing pace of opening up inter-provincial group tours (if the epidemic does not recur in the near future,There is a high probability that inter-provincial group travel will have a clearer direction before the end of June,More places will issue relevant notification policies,Try to open inter-provincial group tours),Increased uncertainty。

Of course there are some 188bet app and good trends.

Recent information display,Zhangjiakou City, Hebei Province will build a new Zhangjiakou tourist railway,A total of 7 lines composed,Total length 850.1km,56 stations,The total length of one phase of the project is 66.995 kilometers,Mainly the section from Zhangjiakou to Zhangbei,The total investment is estimated to be nearly 6.2 billion yuan,Construction is expected to start within the year。Improvement of regional transportation,Will greatly improve surrounding 188bet app、The situation of inter-provincial travel。The future opening of Zhangjiakou tourist railway,The Beijing-Tianjin-Hebei railway transportation network will be further supplemented and improved,For example, the existing Beijing-Zhangjiakou high-speed railway will be directly connected in series,It will be of great significance to improving Bashang grassland 188bet app and other key areas,There will be more carriers or channels for the overflow of tourists from Beijing (it will only take about 2 hours from Beijing to Bashang),It will also be helpful to the coordinated development of 188bet app in the Beijing-Tianjin-Hebei region。

Let’s 188bet app destination actions of two international giants in theme parks.

First, the construction of Legoland in Tianfu New District, Sichuan officially started,It has been 8 months since the official announcement of the project around October last year。This is its first theme park in China,One of the traders is Sunac China。On the one hand,The current theme entertainment projects in the southwest region have not yet been fully developed,And the population base here、Economic development potential and consumption power,And the richness of 188bet app resources, etc.,Both show that there is a lot of potential here,Predictable,About the next two or three years,The southwest region may usher in a peak in land planning and construction of cultural 188bet app projects;On the other hand,This project will be a key step for Legoland to open up more markets in China through light asset output,No room for error。

Second, Shanghai Disney’s new theme park “Zootopia” has started ground construction,This is the first park named after this theme among Disney parks in the world,It 188bet app also be the eighth theme park of Shanghai Disneyland。"Zootopia" is one of Disney's most popular animated movies in recent years。

There are several logics in this: 1、One 188bet app keys to a theme park’s continued appeal is to continuously update the park’s projects,Always do something new;2、New movie IP value amplification,Timely implementation of products for offline scenarios is a key,Continuous interactive effect online and offline,Help maintain the market activity and competitiveness of IP;3、Shanghai Disney is also facing pressure from its own renewal and intensifying external competition,Expansion project is one way。

Innovative cultural and 188bet app formats, cultural and 188bet app consumption insights

Let’s look at 188bet app enterprise financing first。Journera, a travel experience management platform, recently received US.6 million in Series B financing。

Journera is a data analysis platform,188bet app early days of establishment,Get American Airlines、Hilton Hotel Group、Hyatt Hotels Group、InterContinental Hotels Group、Investments from companies such as Marriott International and United Airlines,But the investment amount was not disclosed。

Journera adopts a flexible pricing model for 188bet app products and services,Enable customers to customize their own situation and specific scene needs,Choose different service functions provided by Journera,And pay the corresponding price。

To help brands understand the recovery 188bet app entire industry,Journera develops a “resuscitation analysis” product,Free for six months。Accommodation Industry、Service companies in the aviation and ground transportation industries can share their data on the one hand,On the other hand, you can also access data from other vertical industries。

March this year,Journera launches JourneyVision,It can connect hotel bookings with airlines、Match ground transportation and 188bet app services or other related bookings,Thus providing a unified solution,To better realize personalized services。

It can be seen from this information,data、Technology is the core element of Journera’s competitiveness,For C-side users,Journera can provide personalized and relatively complete 188bet app services;For B-side enterprises,Through Journera, you can have more reference and understanding of the segmented fields and industry conditions。At the same time,The accumulation of more usage data on the C-side and B-side,Also brings more reference data to this platform。

Industry trends always affect travel companies、Practitioners, etc.。Recent,Mafengwo and Tencent Culture and 188bet app released the "2020 Summer 188bet app Report" display,Among the 100 popular destinations for domestic 188bet app in summer,Nearly 80% of destinations are showing an increasing trend in popularity。Gansu、Qinghai、Inner Mongolia、Yunnan、Xinjiang、The 188bet app popularity of Tibet and other western provinces and cities has increased significantly。With the coming of summer,The popularity of ocean-themed parent-child tourist attractions has also increased,Atlantis Water World and Zhuhai Chimelong Ocean Kingdom have both entered the top ten most popular parent-child attractions。

Refer to this information,Approximately discoverable,One,The western region is more popular,This is related to the natural ecological resources of the region,In line with the current psychological demands of tourists who pay more attention to health and safety when traveling;Part 2,Parent-child travel is naturally the focus of summer travel,Cultural 188bet app projects containing "water" elements,Carrying the need for summer escape,There will be more opportunities for recovery。


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