Asia Pacific travel tips

Following the release of the PATA Executive Summary Forecasts Report for the years 2024 to 2026 released earlier last month, the Pacific Asia Travel Association (PATA) released a more comprehensive Asia Pacific Visitor Forecasts 2024-2026 report, taking a deeper dive into growth projections, focusing on the source market-destination pairs from 2024 to 2026 for each of the three Asia Pacific destination sub-regions. This report covers 39 destinations within Asia Pacific forecasting from 2024 up to 2026 in a series of three possible scenarios.

Skift Research’s latest reading on the Skift Travel Health Index reveals a softening trend in global travel. This is due to the seasonality of demand: Our index dropped 4 percentage points to 105 in March 2024, which mirrors a slowdown we saw this time last year.

Marriott raised its forecast for 2024 profitability on Wednesday after predicting continued travel demand worldwide. But analysts spent the earnings call focused on travel booking behavior in the U.S., where post-pandemic domestic demand may be cooling.

The world’s biggest hotel chains are doubling down on India, betting that the country’s rising affluence will fuel a surge in travel demand for years to come.

San Francisco is gearing up to greet more visitors from China, starting with a pair of pandas.

Travel distribution platform TBO Tek has received the final nod from the Securities Exchange Board of India (SEBI) to raise funds through an IPO.

Incentive trips are making a comeback, according to FCM Meetings & Events India. The corporate travel firm noted a 30% jump in requests for them in the first quarter from a year earlier.

DerbySoft, a hotel distribution tech company, is expanding into the airline industry through the acquisition of Pkfare. 

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The travel industry continued to strengthen in February: The Skift Travel Health Index stood at 107, 7% growth over February 2023.

Malaysia Airlines has entered into a codeshare agreement with India’s largest airline IndiGo. The agreement would allow the airlines to provide the networks of both carriers to their respective customers. 

Trivago has brought back a key executive from its December 2016 IPO – there are now four leaders from the old guard running the Germany-based hotel metasearch outfit.

Tour operators are adjusting their operations amid Japan’s tourism boom during the popular cherry blossom season.

China’s economy is shaky, but that doesn’t mean its millions of citizens are going to stop traveling abroad any time soon. That’s what executives said at a panel at the recent ITB Berlin travel trade show.

At the inaugural Skift India Summit held at The Leela Ambience Gurugram on Wednesday, hospitality chain Oyo’s CEO Ritesh Agarwal addressed the speculation around its potential IPO. He said that the company does not have a need to raise money at this stage from the public or private markets. Oyo is currently focusing on delivering good earnings results, he said. 

Marriott’s journey in India began 25 years ago. The company today boasts of over 100 hotels, with another 79 in construction. 

Marriott International has announced the signing of its debut Ritz-Carlton property in Jaipur, Maharashtra. The 250-key hotel is expected to open in 2028. Currently, the hospitality company operates five hotels in the city. Rajeev Menon, president, Asia Pacific excluding China at Marriott International, said that the Indian market is flourishing and its interest in luxury travel is leading to a growth in demand for global luxury brands. 

The Asia-Pacific region is expected to play a key role in the travel industry’s growth this year. Skift Research projected the region would see travel revenue jump 20% in 2024 from the previous year as outbound travel from China is expected to increase substantially.

Outbound travel from China to the Middle East reached pre-pandemic levels during the Chinese New Year period, according to data firm ForwardKeys.

India’s business travel spending is set to reach $38 billion this year, with a projected full recovery to pre-2019 spending levels by 2025, according to the Global Business Travel Association (GBTA).

Ovolo Hotels signs strategic brand alliance with Small Luxury Hotels of the World