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BANGKOK 18 March 2019 20:25
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Chinese tourists biggest spenders in Thailand during New Year holiday

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Chinese tourists biggest spenders in Thailand during New Year holiday

By The Nation 

 

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Spending by Chinese tourists during the Chinese New Year holiday was the highest in Thailand according to Alipay, a leading digital payment platform offered by Ant Financial, an affiliate of Alibaba Group. 

 

The transactions were recorded between February 4 and 10, and data drawn from the 54 markets where Alipay is accepted.

 

The number of transactions in Thailand ranked second worldwide after Hong Kong, and topped the list in Southeast Asia with an average spending of 1,646 yuan (Bt7,650). 

 

The high spending was put down to convenience stores and duty-free shops accepting Alipay and offering special promotions for Alipay users. King Power recorded a 50 per cent increase in transactions thanks to discounts for Alipay users, while transactions at convenience stores also rose by 38 per cent due to their “Alipay corner”. 

 

Chinese visitors are also now able to get tax refunds at 7-Eleven branches in the capital.

 

Source: http://www.nationmultimedia.com/detail/breakingnews/30364519

 

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-- © Copyright The Nation 2019-02-21

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8 minutes ago, Justgrazing said:

Wow .. Big spenders indeed .. I did more than that in an hour down Soi/6 .. 

I am bet they all laughed as you walked away....

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42 minutes ago, snoop1130 said:

a leading digital payment platform offered by Ant Financial

That sums it up: Apparently there's so many of them it must be like an ant invasion.

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20 minutes ago, Misterwhisper said:

Divided by 7 days makes an average daily spending of THB 1,092.85.

 

Is that per day? I thought 7000 per average transaction in de shops?

 

Well the farang sure spend a lot more and stay much longer, but they are nasty and expect high standards or they will complain.

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3 minutes ago, fruitman said:

Is that per day? I thought 7000 per average transaction in de shops?

 

Well the farang sure spend a lot more and stay much longer, but they are nasty and expect high standards or they will complain.

There appear to be higher numbers of Chinese than farangs, so perhaps the TAT thinking (an oxymoron I know) goes on total spending per nationality, rather than per person?

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1 hour ago, Justgrazing said:

Wow .. Big spenders indeed .. I did more than that in an hour down Soi/6 .. 

per transaction

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Most of you can't read, it is per transaction. The Chinese spend the most per person than any other nationality but the bar stool experts here find that impossible to believe. 

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Maths & reading/understanding a report seams to be as difficult for Expats as for Thai people...

 

There is neither the number of transactions nor the number of different Alipay-accounts reported!

Assuming that different accounts belong to different persons, we have no idea how many people used Alipay...

 

Let's say 100,000 persons used Alipay at least once (=number of transactions). That would sum up to a total spending of

765 Million THB or 'daily' ~109 million.

If you buy some branded cosmetics, spirit, tobacco, sweets and souvenirs at KingPower you easily spend some 1+ times 7,650 THB on a single Alipay-transaction. ( my wife usually 'feeds' KingPower with over 15,000 THB on every SuvBum visit 😂 )

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17 minutes ago, Lupusthai said:

Maths & reading/understanding a report seams to be as difficult for Expats as for Thai people...

 

There is neither the number of transactions nor the number of different Alipay-accounts reported!

Assuming that different accounts belong to different persons, we have no idea how many people used Alipay...

 

Let's say 100,000 persons used Alipay at least once (=number of transactions). That would sum up to a total spending of

765 Million THB or 'daily' ~109 million.

If you buy some branded cosmetics, spirit, tobacco, sweets and souvenirs at KingPower you easily spend some 1+ times 7,650 THB on a single Alipay-transaction. ( my wife usually 'feeds' KingPower with over 15,000 THB on every SuvBum visit 😂 )

Valid points. You easily can rack up 10,000 Baht or more at KingPower outlets -- especially when considering that their "duty-free" prices are not particularly cheap. But I have yet to see a Chinese tourist who buys 7,650 Baht worth of mama noodles and snacks at convenience stores around town.

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