The latest numbers from Tourism Research Australia shows a 7% growth in spending. Tourism is Australia's largest services export, accounting for 9.3% or $37.4Bn of total exports. Additionally, the Australian Tourism industry employs over 646,000 people. https://www.tra.gov.au/economic-analysis/economic-value/national-tourism-satellite-account/national-tourism-satellite-account #australia #travel #exports #tourism
https://videopress.com/v/AHUG7Qvm Selling Australian Tourism Experiences to Asia A couple of weeks ago we had a conversation with Terry Hilsberg about our business plan for the China Canvas Challenge. Starting with how we launched Asia Advisory and the story of establishing people-to-people relationships in Korea. Returning to Australia in late 2013, our discovery that many Australian businesses struggle to build professional … Continue reading Selling Australian Tourism Experiences to Asia
A number of clients struggle with this, particularly those tourism experiences without a physical shop front. Research from Tourism Research Australia shows that in 2018, 1.4m Tourists from China injected AUD$11.7Bn spend into the Australian economy, and this is forecast to triple to $34Bn by 2026. These investment figures could be significantly higher if we … Continue reading Chinese Payment Systems & Tourism
Asia Advisory has made the Top 8 companies from a pool of 400 entries to pitch on Friday 12th April for a chance to win a trip to Shanghai to visit the Alibaba Group Headquarters. Please join us for the pitch night: Haymarket HQ 6pm-9pm Friday 12th April Register via the link below to see … Continue reading Asia Advisory in final round pitch for China Canvas Challenge
Another busy evening on Sydney Harbour We are only starting to see the beginning of Chinese Tourism in Australia. There are 50 million Chinese Tourists travelling internationally each year and only 10% of citizens currently have passports. This is forecast to double in the next year and Australia is well positioned as a destination to … Continue reading Tailoring Products and Services for Chinese Travellers
"Hermit Kingdom" "a military threat" and "Rocket-Man" are all terms Western Media have headlined as labels for North Korea and it's leader Kim Jong-Un. However, if we keep labelling the country with these metaphors it will be difficult to resolve the conflict. Research from University of Technology Sydney Associate Professor Bronwen Dalton found that North … Continue reading If the media keep calling North Korea names, it will only prolong the conflict.
The struggle to reform China's Economy Mr Xi and the Chinese leaders promised a 'great rejuvenation' but as the effects of the Trade War kick in it's time to consider de-regulation and less state control rather than further tightening the grip. Economic growth may fall below 6%, and if China plans to grow beyond its … Continue reading The Struggle to reform China’s Economy
Friends don't let friends become Billionaires in China! According to the China Daily, a Billionaire dies in China approximately every 40 days. Which means that if you're planning on becoming a Chinese Billionaire perhaps you could take note. What's most disturbing is the way of these people's demise; 15 were murdered, 17 committed suicide, 7 … Continue reading Friends don’t let friends become Billionaires in China
Tourism competition is heating up across Asia and it's not just because of geopolitics. Japan had a record high of 31.19 million visitors in 2018 despite natural disasters and airport shutdowns. However, the level of annual growth is slowing, from 17.8% to 8.7% in 2018. Additionally, Chinese shoppers are becoming more frugal with their spending … Continue reading Visitors to Japan hit the record high in 2018 but forgo shopping sprees
The next US-North Korea meeting is scheduled to take place in Vietnam. Not only has it piqued our interest but the Korea-Vietnam relationship is already flourishing. Perhaps due to its female population? Perhaps due to the deep financial and resource links between the two nations. "Ladies in Red make a Bull Case for Vietnam" LinkedIn: … Continue reading Ladies in Red make a Bull Case for Vietnam
Chinese / Lunar New Year is the World's Largest Annual Human Migration!! Once every 12 months, the world's largest human migration happens in China. Over the 40-day travel period of Chinese New Year, three billion trips are taken, as families reunite and celebrate. Now, the most strenuous of these trips are taken by the country's … Continue reading The World’s Largest Migration
The Asia Society has released a series of 6 talks from former Australian Prime Minister Kevin Rudd. The transition we are experiencing moving from Globalisation and Free Markets to that of Slowbalisation and Nationalism is a worrying macro trend, however, not necessarily something that has to continue to take the course it may appear to be leaning towards. … Continue reading The Avoidable War: Reflections on U.S.-China Relations and the End of Strategic Engagement
No Lull for Luxury Plenty of talk out of Davos about "Slowbalisation", markets are volatile, China is slowing, Nationalism is running wild, uncertainty it seems is at an all-time high. But not for LVMH Chairman Bernard Arnault... He sees things very differently; rising demand from Asia with a discerning Chinese consumer. The Chinese are spending … Continue reading No Lull for Luxury
According to the China Daily, a Billionaire dies in #china approximately every 40 days. Which means that if you're planning on becoming a Chinese Billionaire perhaps you could take note. What's most disturbing is the way of these people's demise; 15 were murdered, 17 committed suicide, 7 died from accidents and 19 died from illness. … Continue reading Friends don’t let friends become Billionaires in China!
Vietnam is ready for the opportunity!! With an export economy which is double the size of its GDP, Vietnam was ranked No. 1 among seven emerging Asian countries as manufacturing destinations by Natixis, which looked at demographics, wages and electricity costs, rankings in doing business and logistics, and manufacturing as a share of total foreign … Continue reading Vietnam is ready for the fight!!
The next US-North Korea meeting is scheduled to take place in Vietnam. Not only has it piqued our interest but the Korea-Vietnam relationship is already flourishing. Perhaps due to its female population? Perhaps due to the deep financial and resource links between the two nations. A high female workforce-participation rate, a vestige of the war, … Continue reading Ladies in Red make a Bull case for Vietnam
In Japan, there is a lot of negative emotion associated with leaving and changing jobs. Particularly the shame of quitting and telling your boss and family. There's a Japanese startup called "Exit" which for a fee of JPY50,000 will resign on your behalf and tell your boss and family. So if you're thinking about changing … Continue reading Ghosting at work
Future Focus 2019 from iProspect takes a look at Trust - something we don't think about enough these days, however, 88% of marketers are making it their top priority. How to build trust in a digital economy, where experiences can outweigh brands? Some very timely research. Trust = Credibility + Relevance + Reliability Credibility in … Continue reading Trust in times of uncertainty
Australia is blessed with abundant conditions to become the world’s next renewable energy superpower (haha, pardon the pun). Our wide open spaces, enduring coastlines and consistent winds could help the country overcome not only our own power challenges but also become a test bed for Asia. Many Australians are already embracing distributed power generation with … Continue reading Why Australia needs to be an energy superpower
There's a flipside to a falling Australian Dollar and political uncertainty in the US, it helps make Australia look more appealing, according to CommSec economist Ryan Felsman. The fact that the AUD has fallen 10% in 2018 has really benefited our Tourism & Education sectors. It also hasn't reduced Australian's passion for travel with a … Continue reading A falling Aussie Dollar won’t hurt our Wanderlust
Happy New Year!! This time of year is usually filled with contemplative thoughts, reflecting on the year that has passed and setting objectives for the year ahead. It may also be a time for thinking about moving country, also associated with these objectives. Nikkei in partnership with Monocle have just published a list of the … Continue reading Asia’s best cities to live in
Earlier in the year, an article piqued my interest at the volume of government investment going into the Korean startup ecosystem. According to the FT, the Korean government had earmarked $9Bn of investment to help support growth for startups, particularly focussed on AI, Drone Technology and Fin-tech startups. The three-year fund under the management of … Continue reading part 1 – inside Korea’s startup ecosystem
The Slide, Seoul Startup Hub Relaxation Pods, Seoul Startup Hub Solo Working Spaces, Seoul Startup Hub seoul startup hub Features: Central Seoul Location, Good Transport, Foreigner Friendly, Multiple support companies in-house, Seoul Market Access Program, 3D Printing, Test KitchenKeywords: #Startup #Incubator #Accelerator #3DPrinting #TestKitchenThis facility is conveniently located in the Gongdeok area, North East of … Continue reading Part 2 – Navigating the best startup hubs and incubators in Korea
A deep look into the rise of China, touching on cultural, political and economic insights into what has led the nation to become what it is today. According to Yuen Yuen Ang, a political scientist at the University of Michigan, China has created a unique hybrid, an autocracy with democratic characteristics. #China #Politics #Economics #Culture … Continue reading The failure that didn’t fail
Inspiration - so many cities, many emotions! https://youtu.be/zs47BipcW_E
Day One of the International Induction program at Seoul Startup Hub. The operation is just over 18 months old but is demonstration how serious the Seoul Metropolitan Government is about investing in Startups and the supporting infrastructure. The building is fitted out with a TV/Online recording studio, commercial grade 3D Printing facility and numerous Idea … Continue reading Seoul Startup Hub – Induction Program
There is a risk of just talking about China all the time but this infographic has got us standing up, doing high fives. A visual representation showing the power shift back to the east. A weighted chart of GDP vs. Latitude & Longitude. Some mind blowing insights as well: 1. The Global centre of economic … Continue reading The Chinese century is well under way
The Wonder from Down Under: Australia has a lot to be proud of, according to The Economist it may be the most successful rich economy in the world. Beyond the nations blessing of Iron Ore and Natural Gas, it also enjoys close proximity to China. Metaphorically and physically, the country owes one-third of it's GDP … Continue reading What the world can learn from Australia
What happens when nationality no longer applies?? With the 4th Industrial revolution, remote and mobile-based teams from multiple countries are fast becoming the norm. This demonstrates that we may need to learn and develop new 'soft' skills such as establishing interpersonal relationships and working with people from other cultures. According to a report from the … Continue reading The 5 Trends Shaping the Future of Work
This image is more than just a gesture..., it's about building trust between the two Koreas. Some interesting insights to note: 1. The Pyongyang Agreement is a step towards leading the two Koreas to peace and Mr Kim has agreed to allow International specialists to witness the dismantling of their ballistic missile capabilities (Tongchang-ri facility) … Continue reading Seeing through Kim Jong-un’s K-pop sign
Korea has improved two places in the @WorldEconomicForum International Competitiveness report to 15th in the world, one place behind Australia. The country is a world leader on the Internet of Connected Things @ICT and Macro Economic Stability. However, the country is still held back by lack of development in product market due to lack of … Continue reading S. Korea ranks 15th in global competitiveness
International education is now a $32 billion export industry for Australia, it's our third largest export industry and our single largest services export industry. There is a clear and urgent need for Australians and Australian Universities to continue fostering the relationship, not only with China but with our largest source markets. The top five of … Continue reading Australian Universities and China
Startups today are no longer constrained by geographical boundaries. You can launch a product or service literally anywhere in the world and across multiple international markets simultaneously. However, there are a few massive challenges holding us back: 1. Adopt a Global Mindset. Do your homework on what success looks like for your customers and local … Continue reading How tech firms can take on SE Asia?
The Peninsular is 700 miles long and 150 miles wide it has 5,000 miles of coastline. A place where man and nature have been living in harmony for centuries. Long before the modern conflict that divided the nation, over 60 million years ago, tectonic plates collided to form the jagged peaks on the Eastern … Continue reading Korea – Earth’s Hidden Wilderness
South Korea's BabyShark has surpassed 1.6 billion views on YouTube. They were recently featured on The Ellen Show and The Late Show with James Corden. The character and songs were created by a children’s education company from South Korea called SMARTSTUDY. What makes them so successful in the global market? They first produce content … Continue reading What makes BabyShark so successful in the global market?
A subject close to our hearts, Wagyu Beef. Japan's Beef exports this year will surpass 20 Billion Yen, nearly double that of 2015. However, the industry is in crisis. Kyushu is one of Japan's largest Wagyu breading hubs is suffering from an ageing population. Half of the regions farmers are 70 years or older and … Continue reading Japan’s Beef Industry Is In Crisis
Masayoshi Son founded SoftBank Group in 1981 and comes from humble beginnings. Growing up on the southern Japanese island of Kyushu he was bullied as a child, because his family had come from Korea. Now he is one of the most respected leaders in the investment community having recently announced the $100 Billion Vision Fund. … Continue reading Masayoshi Son – Softbank’s $100 Billion Vision Fund
Why are China’s richest are flocking to Australia? Here’s a secret, it’s not for the Kangaroos and Koalas. The ultra-wealthy are leaving a trail of dollars across Australia boosting sectors from property and education to luxury goods. But not everyone is happy about it. Just last month Beijing’s Ministry of Commerce accused Canberra of interfering … Continue reading Why Are China’s Richest Are Flocking To Australia?
Chinese Travellers are changing the world, but perhaps at the same time, they are also changing China? Not only in regards to tourism but often beginning a new chapter in life. Whether that is seeking further employment or Western university education. The majority of Chinese students return home at the end of their studies, perhaps … Continue reading Chinese Travellers Are Changing The World
Great talk on China challenges/opportunity from Daniel Street, Senior Strategist for the private-sector arm of the World Bank Group, International Finance Corporation (IFC). Three secrets to China's success in regaining a world leadership position by 2030 1. A Strong Banking Sector: Based on the number of banks in China and the government fiscal measures in … Continue reading China’s Success In Regaining A World Leadership Position By 2030
A recent campaign celebrating the rise of China from poverty to the second largest economy in the world. We find this interesting for a few reasons; 1. Globalisation, Patriotism and Nationalism are all at an inflection point right now, not just politics but as we decide what is the best way forward as Global citizens. … Continue reading KFC serves nuggets with a side of patriotism