TAT and UnionPay International (UPI), a global leading card scheme, have signed a Letter of Intent (LOI) to enhance cooperation in the promotion of Thailand’s TAT quality tourism experiences for Chinese visitors and UnionPay International cardholders.
In the presence of Ms. Chang Yumeng, counsellor for cultural affairs of the Embassy of the People’s Republic of China to Thailand, the LOI was signed between Thapanee Kiatphaibool, Tourism Authority of Thailand governor. And Wang Lixin, UnionPay International. executives of both parties also attended the signing ceremony at the TAT Office in Bangkok.
TAT-UnionPay International agreement supports the Thai government’s tourism policy. To forge long-term strategic partnerships with leading players in key tourist markets.
Ms Thapanee said China is one of Thailand’s largest markets. Following the visa-free policy for Chinese tourists, further enhancement of cooperation with Chinese counterparts will help facilitate travel. As well as develop and promote quality tourism experiences in Thailand for Chinese visitors.
“This latest agreement also aligns with the TAT’s partnership 360 strategy, specifically for the Chinese market. Studies have indicated that Chinese tourists have high purchasing power and that they prefer Thailand as a travel destination. And so buoyed by the 30-day visa-free stay, the partnership with UnionPay International would result in several initiatives. To stimulate Chinese tourists to visit Thailand and spend more on Thai tourism products and services.”
LOI of TAT – UnionPay International valid for two years
The TAT-UnionPay International LOI has a validity of two years. TAT and UnionPay International will cooperate with cooperation ranging from co-fund joint marketing initiatives. And joint promotions and press releases to data sharing and high-end customers.
The agreement is expect to help inspire Chinese tourists and UnionPay cardholders to visit Thailand. While enabling a deeper understanding of their consumption and spending behaviour.
Specific marketing and outreach efforts towards UnionPay’s higher-tiered client base, including Platinum or Diamond cardholders and above or clients with high income, will be introdue to encourage travel to Thailand and stimulate higher spending.
“UnionPay is one of China’s leading payment brands, whereas China is a pioneer in cashless transactions. And UnionPay cards are accept in more than 180 countries and regions with nearly 67 million merchants outside China’s mainland” Mr. Wang Lixin said.
He said this cooperation will leverage UnionPay’s network to present Thailand’s quality tourism offerings in the Chinese market while stimulating UnionPay cardholders to spend more for special privileges.
Chinese visitors reached 2.15 million
Statistics showed that 2,152,167 Chinese tourists visited Thailand from 1 January to 21 April 2024, making it the largest tourist market.
China and Thailand waive visa requirements for citizens of both countries from March 1, 2024. Holders of valid Thai ordinary passports and valid Chinese passports for public affairs and ordinary passports are exempt from visa requirements for entering, exiting, or transiting the other country’s territory for a 30-day stay. Cumulative stays must not exceed 90 days in any 180-day period.
This is except for those with the purposes of residing or engaging in employment, study, media activities or other activities that require prior approval from competent authorities of the other country.
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