China's movie market has received a big boost during the country's May Day holiday period with new cinematic releases proving a hit at the box office and a series of promotional offerings for film ticket purchasers further spurring consumption.
The five-day May Day holiday, which began on Friday, saw a bumper 18 films hitting screens across China, drawing out film fans up and down the country and seeing the total box office revenue during the holiday exceed 700 million yuan (over 102 million U.S. dollars) as of Tuesday afternoon.
This year, however, the box office boom has gone far beyond the screening rooms, as special promotions have popped up allowing moviegoers to enjoy various discounts simply by showing their ticket stubs at shopping malls.
ID: 8477855 This burgeoning "ticket-stub economy" has become a strategic driver for consumption in recent months in China, enabling tickets from cultural events, sports matches or transportation services to be re-used to access discounts, redeem points or unlock other benefits in subsequent spending.
At a popular commercial district in Beijing's Wukesong area, cinemas are cooperating with other business operators to roll out more discounts in an effort to attract fans to attend concerts at a nearby music venue.
"We have over 100 partner merchants. With a movie ticket stub, the moviegoers can enjoy discounts at our designated partner stores. The Wukesong commercial circle is becoming popular among young people and because it is close to a concert venue, a wide variety of consumers are coming to spend here," said Cen Junlan, a cinema market manager.
The activity also extends to the beauty sector, with one salon owner saying their packages are being offered heavily discounted to moviegoers.
"Customers who have a movie ticket stub can enjoy a 10-percent discount on all products and services. We offer eyebrow shaping, skincare, facial treatments, and makeup products and they are all at a discount," said Su Su, a beauty salon owner.
Restaurants and bakeries are also seeing an uptick in revenue during the holiday thanks to the increasing inflows of film fans who are taking full advantage of their movie tickets.
"The customers who have a movie ticket stub can enjoy a 15-percent discount on their entire bill, and this has seen the number of customers coming to our restaurant increasing by roughly 20 to 30 percent. For businesses like us, the promotional campaign gives us a bigger exposure and draws more customers. We can feel the tangible benefits of this ticket-stub economy," said Zhao Jiao, a restaurant staff.
"The customers who have a movie theater ticket stub can receive a free rich milk ice cream with any purchase. Our store has seen a noticeable rise in customer flow after these new movies were released, bringing in several hundred customers per day. Meanwhile, our overall revenue has increased, which is significantly driven by the value of customers' orders," said Xu Qiushi, a bakery staff member.
China's movie market boosted as holiday promotions for ticket holders spurs consumption
