Articles tagged “spending”

New Zealand Lowers Forecast for Spending by Chinese Tourists

New Zealand Lowers Forecast for Spending by Chinese Tourists

Tracy Withers, Bloomberg

New Zealand has known about this slowdown for a while. Chinese tourists may not be every destination's cure-all and marketers may have to reexamine their target markets.

2 months ago

Uber’s Gargantuan $10.7 Billion Burn Rate Is One of a Kind

Uber’s Gargantuan $10.7 Billion Burn Rate Is One of a Kind

Eric Newcomer and Ian King, Bloomberg

Uber may have investors and consumers on its side, but the ridesharing leader can't spend this deeply while losing money forever — especially if it wants an initial public offering in 2019.

5 months ago

International Visitor Spending in U.S. Dropped for Second Consecutive Year

International Visitor Spending in U.S. Dropped for Second Consecutive Year

Dan Peltier, Skift

While each visitor market is unique, many international travelers in the U.S. last year probably weren't shopping until they dropped because of a stronger U.S. dollar.

5 months ago

U.S. Tourism Confronting Its Worst Year Since the Financial Crisis

U.S. Tourism Confronting Its Worst Year Since the Financial Crisis

Dan Peltier, Skift

It's becoming clearer that 2017 has gone down as one of the worst and most challenging years for U.S. tourism in recent memory. In 2018, many destinations will likely step up their marketing of discounted options to get more foreign feet and spending power through their doors.

6 months ago