Articles tagged “Klook”

Along with its dining reservations business, Tripadvisor's tours and activities unit had been a bright spot. But well-funded competitors such as GetYourGuide and Klook have tightened the race, and Tripadvisor is feeling it.

A new generation of entrepreneurs is creating unique tours for visitors to Singapore. But fighting legacy tour players and online travel giants only makes the high costs of doing business harder to do business.

Asian tourist behavior is changing, reflecting a more mindful — and responsible — traveler overall.

Expedia, Booking.com, and Ctrip are boosting the supply of sightseeing and experiences options that can be booked in merely a few clicks. But several factors are complicating any plans they may have to dominate bookings in this sector the way they have in flights and hotels.

India is becoming the boat that lifts Asia-Pacific destinations that have become too dependent on China outbound travel, which is sputtering. Australia is a good example of this.

Since Klook's launch five years ago, big changes have occurred in the sector. TripAdvisor bought Viator, TUI-Musement, and Booking-FareHarbor, and most recently, Airbnb invested in Atlas Obscura. All this, plus competition from online travel agencies, will test Klook's playbook, even though its strategies seem sound for now.

A leaner and freshly funded BeMyGuest is in a stronger position to harness the growth of Asia’s tours and activities sector. But competition is also mightier.

Here's a riddle: If Traveloka sells lifestyle services and AirAsia is not just an airline, what is an online travel agency? The industry will have to coin a new term since everyone is starting to sell more than just flights and hotels. Any suggestions?

For the first time, an Asian startup, Klook, is attracting the highest funding ever in tours and activities. For the last time, can skeptics of this travel sector please bow out?

GetYourGuide may close an approximately $300 million funding round this year with possible participation by new investors like SoftBank and Temasek. If true, investors would be betting that the attractions booking agency can continue to defy several assumptions about young travel companies.