Friday, February 24, 2017

Shinhan Card, card spending last year 比 31.9% increase in foreign



[Korea before lower cervical financial newspaper reporter] last year, foreign card spending showed a 31.9% YoY. Consumption growth was particularly noticeable in the center of Southeast Asia.

Shinhan Card and Korea Culture and Tourism Institute and the '2016 foreign credit card domestic spending, the analysis result, last year foreign credit card spending grew by 31.9% than the 13.74 trillion won a year earlier (412.5 billion won) to diversify the consumption pattern said that 24 days.

July is the month with the most common one trillion 248.3 billion won in the year increases were also very high as 168.3% the previous year. This contraction in consumption in July 2015 because the Middle East Respiratory Syndrome (Homers) was analyzed as shown by the low base effect.

The growth eased last year's fourth quarter, while decreasing the number of tourists arrivals decreased as a group also changes in shopping behavior using industries.

By consuming countries, mainly Southeast Asian countries have been rising significantly.

Credit card spending Chinese tourists accounted for 60.6% of total foreign spending to 8.3232 trillion won growth was also higher than the previous year by 46.2% 5.6929 trillion won.

Increase the number of arrivals in Southeast Asia increased noticeably.

Total number of foreign arrivals in Asia, arrivals accounted for a high proportion accounted for 23.8% in the second. Growth expenditures increased year-on-year to 37.75 was the highest growth rate. In particular, Taiwan, Thailand, Vietnam, Indonesia and the Philippines showed a higher growth rate than the overall average was towing the total foreign spending growth.

Looking at the total foreign spending in this sector were most frequent Shopping Accommodation 52.6% (22.2%), catering (9.1%), transport (3.9 percent) was followed

Shopping Detail usage patterns have changed and that the reduction is to increase the duty-free convenience using.

Groups of tourists using duty-free shops, tourist goods sector share of the share of discount stores / convenience store, while utilizing mainly individual tourists, down from 52% in 2012 to 40.0% in 2016 appeared to have increased last year by 11.2% from 5.8% in 2012.

These individual tourism growth is analyzed that led to the diversification and expansion of the use of available local industries.

The use pattern that is concentrated in the traditional catering sectors shopping, transportation, experiences, continued expansion in the sports sector / changes can be used also showed that merchants are gradually expanding.

Wiseongho Shinhan Card, president of "International tourists are domestic Because a significant contribution to domestic demand enabled, foreign card use consumption analysis utilizing Big Data has become a good source of information for the relevant sector workers" and "the next international tourism trends continuously identify, and said it would provide more sophisticated information in Big data analytics "for the presence tourism policy support.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com