Asia hotel in Thailand: Cuts import tax on luxury goods despite money issues, Asian economy finance market slowdown. Thailand takes a good spot as a shopping hub in Asia for Chinese tourists, after the United States and Hong Kong, according to Asia-Pacific at Hotel.com data.
According to a Bloomberg report, the import duties on luxury watches, clothes and cosmetics will be cut from 30 percent to zero by the end of the year, although it will initially be reduced to between zero and five percent for certain items.
Peter Lee, senior marketing management director for Asia-Pacific at Hotel.com, said a Hotel.com survey of more than 3,000 Chinese international travellers and 1,500 hoteliers worldwide in May found that 51 per cent of respondents said one of the most popular activities at their travel destination was shopping, while 75 percent said their purpose was sightseeing, according to The Nation report.
“In Thailand, hotel partners participating in the survey said 69 per cent of their Chinese guests liked to go shopping”. However, Lee expects more Chinese would come here for shopping if brand-named products were less expensive. He noted that the main reasons Chinese tourists come to Thailand are the country’s economic prosperity, its growing number of middle-income earners, and an increase in air links between Chinese cities and the Kingdom.
Currently, more than 2,200 hotels in Thailand post on Hotel.com to lure bookings. It is looking for new properties to add to its website to serve rising demand, especially from Chinese, report said.