When the epidemic hit, there is no longer a trip to go. The World Tourism Organization predicts that the number of tourism in 2020 will drop by 20%-30% compared to 2019, and international tourism revenue will drop by US$300 billion to US$450 billion.

Affected by the epidemic, established tourism companies have closed down one after another, but they have accelerated the development of cross-border e-commerce

When the epidemic hit, there is no longer a trip to go. The World Tourism Organization predicts that the number of tourism in 2020 will drop by 20%-30% compared to 2019, and international tourism revenue will drop by US$300 billion to US$450 billion.

The World Tourism and Travel Council's latest forecast is that as many as 100 million people in the global tourism industry will face unemployment due to the epidemic, and the loss will be nearly 2.7 trillion U.S. dollars.

Established tourism companies have closed down one after another

In early March, Japan's Kobe Yeguang Cruise Company announced that it had filed for bankruptcy. This was the first cruise company to declare bankruptcy since the outbreak.

Hamburg China Travel Co., Ltd., Germany, due to the epidemic, the tour groups have been cancelled one after another. The company applied to the court for bankruptcy protection on February 21.

As a leading company in the domestic visa industry, Baicheng Travel.com failed to survive the cold winter. Due to the sharp reduction in the number of people going abroad, the company announced its closure at the end of February and started liquidation preparations.

The impact of the epidemic on the tourism industry has spread from the Asia-Pacific region to the world, and it is also spreading in various fields such as travel, accommodation, catering and entertainment.

Hotels and transportation are also particularly deserted

The occupancy rate of Korean hotels in March exceeded 90%. According to data from the Korea Hotel Industry Association, the loss of 44 large hotels in South Korea this year has reached 83.5 billion won, or about 480 million yuan.

Korean hotel staff: Except for the banquet hall, other guest rooms are closed. The rooms will not be opened temporarily until June 15th. I don't know if this time will be extended.

The stagnation of the tourism industry has made transportation extremely deserted. On some cross-border tourist buses in Singapore, the occupancy rate dropped from 75% to 20%. However, there were very few travelers during the busy spring vacation season. During the May Day holiday, the Japanese government called on people to reduce unnecessary outings. Stations and airports were sparsely populated. The Shinkansen ride rate in all parts of Japan was below 10%, and some lines were even empty.

After the epidemic, cross-border e-commerce and domestic e-commerce platforms will develop more rapidly.

Chen Wenling, chief economist of the China International Economic Exchange Center, recently expressed her opinion at the forum: I think this is a major focus and focus of China's fight against the epidemic and a long period of time in the future to deal with external changes. It is to leverage the dividends of the Chinese market and release consumption. E-commerce development is one of the biggest growth points of China's economy.

Favorable conditions for the development of domestic cross-border e-commerce after the epidemic:

First, the Party Central Committee and the State Council attach great importance. The number of domestic cross-border e-commerce pilot cities has reached 59 in three batches. In April this year, the State Council Executive Council decided to add another 46 cities, and the country now has 105 cities. President Xi Jinping has repeatedly given important instructions to cross-border e-commerce and e-commerce, especially rural e-commerce, and visited some pilot cities and rural e-commerce during the inspection. The state promotes cross-border e-commerce and Internet e-commerce platforms, which are not available in other countries.

Second, mobile payment has been popularized nationwide, and digital currency is now being promoted. The People's Bank of China has begun to promote digital currency. On the basis of mobile payment, digital currencies that match national currency issuance, currency circulation, RMB settlement, and RMB internationalization will lead to new changes in payment methods in the future. Based on the use of mobile payments in China, the internationalization of the renminbi will be accelerated. Everyone will use digital currency and cross-border mobile payments abroad to form a network system dominated by renminbi payments. This will be a major breakthrough in getting rid of the constraints imposed on us by the U.S. dollar-based payment system.

Third, China has formed rural organizations and business methods such as rural e-commerce. Just released China's e-commerce report for 2019. There are specific figures in the report, so I won't go into details.

Fourth, online retail is now innovating at a rapid pace. Some people say that this is called the online global immigration society, and it has become an online transboundary immigrant. Therefore, I think that in the future, various retail formats such as live e-commerce, Internet celebrity economy, and small video will continue to change, which may bring greater convenience to people. For example, simulation, such as virtual reality.

Fifth, China's huge market dividend will continue to be released. China used to be export-oriented, but now it is shifting to expanding imports to achieve a balance between imports and exports. An analysis report believes that in the future 15 years, China’s imports of goods will increase by 30 trillion U.S. dollars and services will increase by 10 trillion U.S. dollars. Therefore, the consumption potential and market dividends released by China's huge market in the future are beyond the reach of other countries. Why do multinational companies in many countries do not move back even if their country calls for it, why? Because it is attracted by China's huge market, because it is profitable here, because it loves this market, and it can create profits here. China currently has a middle class of 400 million, and it is increasing day by day, and the income level of the people is constantly rising. With the improvement of people's living standards and the continuous increase in purchasing power, China's huge market dividend will be the resilience and flexibility of economic development.

In the current situation where all walks of life are affected by the epidemic, the industry performance of the e-commerce industry against the current proves the development potential of e-commerce in the future.