Friday, March 3, 2017

[17 duty-free industry in crisis - a reality the Chinese tourist ban ... "Saad retaliation" direct hit



[Korea gimeunji financial newspaper reporter] Korean peninsula altitude of the Chinese economy in retaliation for missile defense systems (THAAD · Sadd) is spreading in all directions. Meanwhile, China is reportedly the fact that Saad retaliation, but argued that this is done at the private sector after the Chinese government banned the last two days of the Chinese tourism to Korea via its travel agencies. China is a country yeoyuguk pm to 2 days convene a top Beijing officials ordered more than 20 travel agents to stop selling trips to South Korea.

China is expected to direct the sale of Korea suspended tours in addition to the main travel agencies in Shanghai this month, 15 days from the Jiangsu province, Shandong, Shaanxi and so on. Future 'Korea Souvenir sales ban' is likely to be deployed in a more diffuse and difficult phase due to the negative Saad placed throughout China.

3 days Customs and Tourism, the number of foreign visitors to Korea last year found According to the related industry, 17.2 million were among the nearly half (46.8%) was the Chinese tourists. Of these tourists (tourist organization) ratio of tourists to purchase tickets or find lodging through the China Travel has been analyzed by more than half. In winter, when the bichwot Chinese tourists are expected to decrease due to retaliatory measures Sadd 403 million people.

The last one in 2015 based on Chinese tourists spending $ 2,391 per capita, Korea, Hanwha was about 2.74 million won. If the number of Chinese tourists decreased by half 403 10 000 10 000 806 people are people from the industry is observed to be a sales hit of Hanwha approximately 11 trillion.

In particular, such action is still believed that it will become a direct hit on the duty-free industry. The domestic duty-free shops are relying more than 70% of sales to Chinese tourists.

If one of the industry's top two Chinese tourists Lotte Duty Free sales in the total sales of the pores that 70% of this group tourists through travel agency sales accounted for 40%. Lotte Duty Free Shop For World Tower that Chinese tourists account for revenue share of 50%, double group of tourists has seen 50%.

The new duty-free sales in the case of less than 70%, as many as 90% comes from the wallets of Chinese tourists. Sales of the dual group of tourists is more than half.

A duty-free industry official said, "and discuss ways to capture individual tourists, the rest about 60%." "If the operational problems of the company not only how to wait and see as much as raise countermeasures hageteuna national decision of the matter is for now," said said. Another duty-free industry official said, "There pessimistic report on the current situation" and "What can be done already at the enterprise level," he said.

The same situation has surfaced in China in 2010 - similar to the situation between Japan and the Senkaku Islands. 2010 China has a bar venturing economic retaliation against Japan. China and Japan put the Senkaku Islands (Chinese people asserting dyaoh) was punished by territorial disputes, Japan at the time of redemption let the captain of the Chinese fishing boat collided with its sunsiseon China announced the rare-earth exports to Japan full stop.

In addition, Japan has also limited tourism to its citizens. At the time, China pyeolchyeotgo the domestic fight against Japanese goods movement encouraged a boycott of Japanese goods. As a result, Chinese tourists in Japan, the ratio showed a decrease by 30% from 2010 to 2013.

The real damage, such as DDoS attacks using this month to take 1 to 2 Lotte Duty Free Main IP in China is seeing the impact of one hundred million won could have been visible. July last year, one-two countries determines the placement of the Korean Peninsula and Lotte Group Saad was the Pentagon on February 28 this year, has signed a definitive agreement for the exchange Saad grounds.

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