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Eco-friendly tourism is becoming a movement, and more vacationers are buying into the concept

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Volunteer group Andaman Discoveries has sought to blunt the negative impact of tourists on the Surin Islands. The organization worked with the Mokens to develop a unique tour group that focuses on their cultural heritage, and preserve the environment.

“This project enables the Moken to…generate benefits including job development, educational culture exchange, Andaman client relations manager Lindsey Reding told CNBC. By creating sustainable tourism, the Moken can “remain within their community and strengthens their cultural heritage,” Reding added.

The organization specializes in a community-based tourist model that includes facilitating experiences, volunteer services and service projects that give directly back to the locals.

Programs focus on nature conservation, but also human rights and sustainable development, in a way that spurs “meaningful, educational and memorable experiences for both the guest and the host,” Reding said.

Reding said most communities see income boosted by as much as 30 percent when they participate in the organization’s programs. Meanwhile, tourists are exposed to the traditional and authentic lifestyle of the cultures they visit.

Part of the growth of sustainable tourism movement is aided by the attitudes of travelers. Justin Francis, the founder and CEO of UK-based Responsible Travel, said that awareness among vacationers has “massively” changed.

“When we first started, people didn’t know what we were talking about,” Francis said.

Now, “there is an increase of consumers seeking experience and memories,” he noted. “This desire is more suited for supporting responsible travel rather than luxurious travel.”

Like with Andaman Discoveries, visitors who take part in these activities tend to learn more about the environment in which they vacation, while the respective communities can reap the economic benefits.

Economically, the sustainable approach can be profitable as well. A 2016 study by Sustainable Travel International and Mandala Research revealed that eco-tourists tend to stay longer, spend more, and believe they have a responsibility to respect the destination.

Over the last three years, 60 percent of U.S. travelers reported taking a “sustainable” trip and say they have a responsibility to make sure their trips do not cause harm to a destination.

“Ten years ago, [sustainability] was more of an inconvenience, said Vail’s Bertuglia, “and now it is appreciated and ingrained,” Bertuglia from Vail said.

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Millions of new investors piled into Chinese stock markets in 2020

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Qualcomm chip market share plunges in China after U.S. sanctions on Huawei

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Qualcomm’s Snapdragon 888 chip will be used in premium Android devices that could cost over $1000.

Qualcomm

Qualcomm’s market share of China’s smartphone chip market plunged in 2020 due to U.S. sanctions on Huawei, according to a new report.

As a result, the country’s domestic mobile players turned to alternatives such as Taiwan’s MediaTek, according to CINNO Research.

Last year, 307 million smartphone so-called system on chips (SOC) were shipped in China, down 20.8% year-on-year, the report said.

SOC is a type of semiconductor that contains many components required for a device to work on a single chip, such as a processor. They are a critical component for smartphones.

Qualcomm’s shipments in China shrank 48.1% year-on-year, CINNO Research said without releasing details on the number of Qualcomm chips shipped. The U.S. giant’s market share in China fell to 25.4% in 2020 versus 37.9% in 2019.

MediaTek No. 1

Taiwan’s MediaTek benefited from all that pent-up demand. The chip designer took advantage of Huawei and Qualcomm’s woes, and also got major Chinese smartphone makers to use its chips.

“As far as we know, (for) OPPO, Vivo and Xiaomi and Huawei, the MediaTek share has increased a lot,” CINNO Research told CNBC in a statement from its analysts.

Huawei is China’s largest smartphone maker by market share, followed by Vivo, Oppo and Xiaomi.

Many of these players make phones priced at the mid-range but with high specs. This is where MediaTek has performed well in gaining share.

The U.S. sanctions on Huawei have also forced other Chinese players to look for alternatives should they find themselves cut off from the likes of Qualcomm.

“This (is) not only because (of) the excellent performance of MediaTek’s mid-end platform, but also, it is undeniable that the U.S. has imposed a series of sanctions on Huawei & Hisilicon, forcing major manufacturers to seek more diversified, stable and reliable sources of supply,” CINNO Research said in a press release.

Xiaomi was recently added to a U.S. blacklist of alleged Chinese military companies, though its unclear if this will affect their ability to procure certain components.

5G market up for grabs

China is the world’s largest market for 5G smartphones. 5G refers to next-generation mobile internet, and chipmakers are battling it out for a slice of the pie.

“After the first year of 5G, let’s take a view of the changes in China’s smartphone SOC market. It shows that the market pattern has changed from a single dominant Qualcomm company in the 4G era, to a three-party pattern of Hisilicon, Qualcomm and MediaTek in 2020,” CINNO Research said.

Last year, Qualcomm launched a new series of 5G smartphones chips known as the 6 series and 4 series, which could eat into MediaTek’s market share in China.

“Qualcomm launching 6 and 4 series 5G chipset will help to take share away from MediaTek in the fast growing 5G smartphone segment in China,” said Neil Shah, a partner at Counterpoint Research.

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LinkedIn says these are the fastest growing job sectors in the UK

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