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Insights
25-Mar-19 Mexico's foreign direct investment in tourism plummeted by 50% in 2018, to USD798.5 mn. Mexico also dropped from sixth to seventh place in arrival of foreign visitors due to the recovery of Turkey. [image: Tourism Review]
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Insights
14-Mar-19 Alipay and Barclaycard - which processes half the UK's card transactions - have collaborated to allow UK retailers to accept Alipay. 483,000 Chinese tourists will spend USD1.33 bn in 2019. The UK also has about 493,000 Chinese residents and students. [image: Alizila]
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Insights
13-Mar-19 Abu Dhabi has allocated AED0.5 bn (USD136 mn) for tourism marketing over three years. The funding will highlight attractions such as Louvre Abu Dhabi and Warner Bros World, and the Guggenheim Abu Dhabi project is reportedly also 'still active'. [image: Lourve Abu Dhabi / Handout via Thomson Reuters Zawya]
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Insights
12-Mar-19 The pace of shopping venue openings in China is the highest ever, against a background of slowing retail sales and growth of online - 634 net openings in 2017/18. There is now a risk of over-supply in many cities. [image: Local Gravity / Retail In Asia]
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Insights
11-Mar-19 Alibaba Group will take a 14% stake in STO Express through a USD693 mn exchange for a 49% stake, making this the e-commerce giant's fourth significant investment in a Chinese courier company. [image: Reuters / Aly Song]
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