Growth is slowing, but travel players remain bullish; competition is rising, but incumbents remain bold; the big are getting bigger, but the small are undaunted.
TravelDaily will continue to play the role of a connecter and enabler in the process for further development of the travel industry.
Across Asia Pacific, cost per attendee per day is predicted to fall 4% in 2019 to US$276. The average group size is forecasted to increase to 81 in 2019, up 3% from 2018.
Travel brands need to dig deep into certain habits that are being fuelled by emerging apps and platforms, for instance, the popularity of short videos, says Chen.
The finalists will present their innovative products or solutions on trip planning, digital innovation models, train ticketing, intelligent hotel solutions, AI-powered interaction or dynamic packaging technologies.
MICE venue and service brand L-SPACE has received RMB 2 million from individual investors in a seed round of financing.
Roadmap CEO says the aggregated travel spend of customers on the platform exceeds $3 billion, and “the adoption and engagement numbers of the app are twice the industry standard.”
It is imperative for foreign companies to best allocate their resources in China, work out presence on preferred channels, distribution strategy and make sure their brands remain true to what they stand for.