Articles tagged “alibaba”

Online Travel

The Largest IPO in History Just Happened and It Has a Huge Travel Angle

Booking.com, Airbnb, Marriott, and every high-end retail shop on the Champs-Élysées want to see the proliferation of Alipay and other digital payment services to capture the spending of Chinese travelers. But Alipay's key cross-border payments strategy, despite a record-setting IPO, has run into major snags.
Coronavirus

Chinese Online Platforms View the Great Travel Recovery as a Drawn-Out Process

An unfortunate first-mover in the pandemic, China, in turn, got an early start on its travel recovery. But officials at major travel companies there view a robust bounce back as taking a year or longer — and much of that pace depends on how quickly coronavirus gets neutralized in the rest of the world.
Tourism

A Drop in European Visitors to Thailand Is a Wake-Up Call

While it focuses on arresting a drop in Chinese arrivals, Thailand should spend equal or more time assessing why European arrivals are declining. It's the higher spending market. The reasons are different, and it's time for Thailand to look internally rather than blame external factors like Brexit, the baht, and a trade war for Europe's shrinkage.
Hotels

Accor and Alibaba Form Partnership to Attract Chinese Travelers

Accor has formed a partnership with online marketplace Alibaba to make it easier for Chinese travelers to book rooms and other services. It's a smart move to appeal to Alibaba's 700 million high-spending consumers who are eager to travel around the world.
Hotels

Marriott’s Growth in China Helps Buck New Industry Trend

Alibaba does not deserve all of the credit for Marriott's sustained performance in China over the past year, but the partnership with the e-commerce company shows just how mutually beneficial these kinds of agreements can be.