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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCountries enacting visa exemptions receive a 'huge burst in travel,' says Agoda CEOAfter enacting a visa-free policy for travelers from India and China on Dec. 1, 2023, Malaysia saw a 400% increase in travel searches, Agoda CEO Omri Morgenshtern told Squawk Box Asia.
Persons: Omri Morgenshtern Locations: India, China, Malaysia, Squawk, Asia
BANGKOK (Reuters) - Overseas travel bookings from mainland China are currently at just over half of pre-pandemic levels but are on course to return to the 2019 numbers by the end of this year or early 2024, the head of online travel agency Agoda said on Thursday. The country reopened earlier this year after removing most of its pandemic restrictions, giving a big boost to outbound travel. The top overseas destinations for Chinese tourists were Hong Kong, Bangkok and the Thai island of Phuket, Agoda data showed. About 80% of Chinese tourists have returned to Thailand, Morgenshtern said, attributing that faster rate of recovery to Thailand dropping restrictions on Chinese arrivals sooner than other markets. Thailand expects about 30 million arrivals for the full year with five million from China.
Persons: Agoda, Florence, Omri Morgenshtern, , , Morgenshtern Organizations: Overseas, REUTERS, Booking Holdings, Tourism Locations: BANGKOK, China, Beijing, Thailand, Hong Kong, Bangkok, Thai, Phuket, India, South Korea
A series of bold investmentsExperts say much of India’s outbound growth trajectory is being driven by improvements in infrastructure and an expansion in its aviation sector. Morgenshtern says the rise in outbound tourism from India is the result of investment not just by the government but by private airlines as well. Air India, for example, is fully owned by Indian conglomerate Tata Sons. As part of its efforts to expand its offerings, the company announced earlier this year it will be operating flights under both the Air India brand and Air India Express, having previously merged the latter with Tata’s other low-cost airline, AirAsia India. In February, Air India purchased nearly 500 new planes, the most ever bought in one order by a single airline.
Persons: Omri Morgenshtern, it’s, Gary Bowerman, It’s, Delhi’s Indira, Morgenshtern, Indira, Bowerman, Jyotiraditya Scindia, , , Matthew Micah Wright, ” Morgenshtern, Arun Sankar, ” Bowerman, there’s Organizations: CNN, Reuters, Times, National Capital, Delhi’s Indira Gandhi International, Indira Gandhi International, Creative, Imaging, Air India, Tata Sons, Air India Express, AirAsia India, India, LCC, , Tata, US . Air India, Indigo, Civil Aviation, CAPA India Aviation Summit, Bank Locations: India, China, Noida, Jewar, Uttar Pradesh, Times of India, Delhi, Western Uttar Pradesh, Asia, ., India’s, Europe, Africa, Morgenshtern, France, Switzerland, Thailand, Malaysia, Indonesia, An, Vietnam, Southeast Asia, Singapore, Japan, Korea, Taiwan, Air China, Beijing, Shanghai, China Southern, Guangzhou, Northeast Asia
Company data showed that while outbound travel searches from most Asia-Pacific countries increased between 30% and 60% from 2019, searches from travelers in India jumped by 225%. Thailand, Singapore and Indonesia are top picks for Indian travelers. "Vietnam is within the top five destinations and it was never there in 2019," Morgenshtern said. "There's this perception that the Indian traveler's economic power is very low. It may be true domestically, but when it comes to outbound, I actually think it's on par with the Chinese when they visit other Asian countries," Agoda's Morgenshtern said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech allows us to offer 'cancellable options' to our customers, Agoda saysOmri Morgenshtern, CEO of the online travel agency, explains how technology has made travel more accessible.
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