Japan, Land of Bargains, beckons while outbound remains muted
Weak yen, absence of China – “an opportunity to change focus”
GIVEN the weakened Japanese yen, the land of the rising sun has become the land of bargains and this will give a further impetus to inbound travel to this most popular of destinations, the audience at WiT Seoul 2022 heard.
Quoti [...]
WiT Seoul 2022: Travel brands jostle for position amid intense competition and consolidation
FROM traditional giants like Hana Tour to local OTAs such as Good Choice, Tidesquare and MyRealTrip, travel brands in South Korea are jostling for position to catch the recovery wave. In the meantime, massive changes have taken place in the market including the accelerated digitisation of consumers [...]
How MyRealTrip executed its way out of the pandemic to emerge stronger
With transactions higher than pre-pandemic, Korean startup invests in five companies, bets on families, longstays and co-working
DONGGUN Lee will always remember September 23, 2022 – that was the day he and his team at MyRealTrip jumped for joy when South Korea announced the full reopening of its [...]
Want to be a K-artist? South Korea ramps up for recovery with fresh ideas, new products and eye on tech
K-wave, longtail experiences, NDC, Urban Air Mobility – Seoul all out to bring back travel
FROM Korea Tourism Organisation (KTO) considering visas for fans wanting to enrol in K-pop training classes to global attraction pass company, Go City launching its first city pass in Seoul since the pandem [...]
As Japan reopens fully, Trip.com reports surges in bookings
THE big news of the week is the full reopening of Japan effective October 11, after two-and-a-half years of restrictions. The pent-up demand for both inbound and outbound is being experienced by travel brands across the world.
Trip.com, which started looking at booking data for trips to Japan fro [...]
As travel resumes in 2022, technology promises to meet new expectations
Persistent trip, payments flexibility, AI-driven pricing – the promise of a new world
With the world opening up for travel this year and Asia rebounding, the travel and hospitality industries are quickly gearing up with new technologies that promise to deliver ease of use, convenience and persona [...]
Traveloka secures $300m financing from INA and other investors
TRAVELOKA has secured a financing facility of $300 million from Indonesia Investment Authority (INA), BlackRock (through a private credit fund it manages), Allianz Global Investors (through funds managed by them), Orion Capital Asia (through funds and accounts managed by them), and other leading glo [...]
Klook sees surges in searches, bookings amid second wave of Asia reopening
New platform features, lots of deals and the return of TravelFest as it turns 8
TRAVEL and experiences platform, Klook reports seeing accelerated cross-border travel growth in Asia/Pacific with one of its strongest quarters (over 300% QoQ growth) as it celebrates its eighth anniversary.
It says [...]
The promise of the Third Age of Digital Travel – let’s live up to it
The time is now to act together and make our industry incredible or face a barrage of restrictions and regulations. Timothy O'Neil-Dunne gets into what can be done collectively, to prove travel's value to governments and to societies.
We are entering the Third Age of Digital Travel – a time o [...]
Why India travel needs to thank Online Travel Agencies (OTAs) for its growth
“The elephant has started dancing”
Virendra Jain, Co-founder and CEO, VIDEC and Director, Business Development, APAC and Middle East, Phocuswright casts his eye over the India travel landscape and examines the factors that are fuelling the Indian travel boom currently – from a humongous smart [...]
