It’ll take the whole industry to truly make NDC a reality, but progress is being made
In
the complicated world of airline distribution, NDC is an acronym many use but seemingly
few truly understand. In a panel made of travel management companies, airlines
and GDS providers openly shared their hopes and hesitations regarding the
elusive technology that continues to promise to revolut [...]
The Wrap: Rising costs halved Asia Pacific airline profitability in 2018
In the news: Airlines take centre stage with Asia Pacific carriers reporting a dip in profits, Malaysia Airlines and Radisson in loyalty partnership and Vietnam looks to technology to lower operational costs
Aviation: Rising costs halved Asia Pacific airline profitability in 2018
APAC airline [...]
Ctrip offers insights into customised high-end travel, highlights difference from standard packages
The concept of "customised travel" is relatively new in China, a trend seen only in recent year and, as such, there are uncertainties surrounding this luxury segment.
Ctrip, China’s largest online travel agent, shared insights into this growing market in its new report, Chinese High-End Outb [...]
PhocusWire Digest: Online travel lures Amazon; Startup focus on Frontdesk
Can Amazon resist travel?Who can resist $600 million to annual baseline profits? This was Morgan Stanley’s estimate of gains for Amazon should it enter the online travel space. The report for investors also told of the impact Amazon could have on the market, the challenges and issues it would nee [...]
These are the top five cities to meet in Asia Pacific
Singapore, Sydney, Kuala Lumpur, Bangkok and Hong Kong are the top cities for meetings and events in Asia Pacific, according to the Asia Pacific Destination Report 2019.
Published by American Express Meetings & Events, a division of American Express Global Business Travel (GBT), the re [...]
The Wrap: Culture holds a fascination for Chinese travellers
In the news: The spotlight is on China with a report on Chinese travellers’ growing interest in culture trips, Dorsett’s partnership with JegoTrip to expand customer base, and Guangzhou’s Heycars collaborating with Amadeus to reach more travel agents
Travel: Culture holds a fascination for [...]
YouTrip raises US$25.5m in pre-Series A to help SEA travellers with payments on the road
Singapore startup YouTrip announced today that it has raised US$25.5m in its pre-Series A – making it the largest funding round for a fintech startup in South-east Asia.
Participating investors include major Asian
family offices and venture capital firm Insignia Ventures Partners.
Launche [...]
All four Asian startups in 2019 Booking Booster programme earn grants to scale-up
Following the success of the 2019 Booking Booster accelerator programme, geared towards supporting sustainable tourism initiatives, all four qualifying Asian startups have been awarded grants from Booking.com’s €2 million fund.
The four startups were:
NotOnMap (India) for €250k SASANE S [...]
Chinese sports travel market growing fast, but faces barriers in securing events tickets
Sports travel is a sector that is expanding rapidly in China, with the market expected to grow by 25% to 30% over the next three years, and reach RMB 1.5 trillion (US$221,000 million) by 2020.
However, despite the increase in demand and purchasing power the difficulty in securing ticke [...]
WiT Seoul 2019: Invest in predictive data and create sticky customer experiences to win in online travel
At WiT Seoul held in early April, a panel of investors discussed what it would take to capture the hearts and dollars of South Korean travellers in an increasingly competitive travel space.
It naturally distilled down to the core
importance of harnessing data and analytics to better understand [...]
