Articles tagged “asia monthly”

Good morning from Skift. It's Friday, June 24 in New York City. Here's what you need to know about the business of travel today.

Chinese hotels are now performing as well as they had been before the wave of coronavirus re-infection. Plus, news on Accor's expansion in India, Taiwan's tourism stimulus package, and more.

Yes, travel is back but with China and Japan largely out of the Southeast Asian inbound equation, the recovery will be bumpy and lagging in many ways.

In spite of all the optimism and the latent travel demand, it’s still too early to project when China will be coming out of this Covid slump or if Hong Kong will ever get back to being a global aviation hub. The wait is only getting longer.

Looking to offer hassle-free and personalized experiences for customers, travel companies have integrated WhatsApp as an effective communications platform. But troubleshooting cannot always be left to bots. Brands also need human beings to chip in at critical moments.

The Taj Mahal is many things to many people. However, some sectors in India are now keen to rewrite the monument's history. Already beset by problems of overcrowding, pollution, apathy and infrastructure, the Taj can do with some rewriting of its present, not its past, to secure its future. Much of India's tourism trade is riding on it.

Capital A is keen to push ahead with its "Hollywood" debut on the New York Stock Exchange, according to full-of-gusto CEO Tony Fernandes. Traveloka is also keen for an IPO debut in the U.S. The New York Stock Exchange is surely the place to be for Asian superapps.

Saudi Arabia's latest move to offer financial subsidy to carriers to connect its lesser-known destinations to global cities definitely speaks volumes about its intent to woo 100 million tourists a year by 2030.

As Traveloka drops off from the once-hot special purpose acquisition company race, a $200 million funding would stand the travel tech unicorn in good stead, in case it decides to take the conventional IPO route.

Not too concerned about the Fitch downgrade, Oyo would rather look at the silver lining — a projected 80 percent growth in financial year 2023. The rating revision is in line with more modest expectations for Oyo's IPO.