Potential of The Chinese Market
Chinese in China
Large Population and Rising Economy
Rapidly Growing Middle class
Accounting for 58% in 2018 and is estimated to grow by an additional 31% by 2022 making the average household earnings between $9,000 – $34,000 annually according to McKinsey & Company’s journal
Completely Different Social Media Platforms
In China they use different platforms and app’s, but many of these platforms function similarly to what the rest of the world is accustomed to. Keeping in mind that more than 75% of all transactions in China are done via a payment app VS 25% average in other parts of the world.
Chinese Travelling to Thailand
The Largest Group of Holidaymakers
Spending annually over 520 billion THB, more than double any other nation according to the Association of Thai Travel Agents (ATTA).
They spend 53% more than the average European and it is expected to increase due to these factors:
– Higher Income
– More Overseas Experience
– Accessibility to Online Travel Information
Increasing Number of FITs
Free Independent Travellers are growing by double digits each year, similar to the Chinese economy, due to being more adventurous and technology liberated.
Chinese Living in Thailand
Second-largest Foreign Community
Recent research from CBRE Thailand shows the expat population has doubled over the past five years, making it the second-largest foreign community after the Japanese.
Recommend Friends or Relatives in Mainland China
A positive experience will result in return business and personal referrals offline & online resulting in more exposure for your business locally and in China.