Tuesday, April 29, 2025
Home Blog Page 263

Trip.com tracks Q3 recovery results

SINGAPORE, 24 November 2023: Domestic and international businesses continued to show robust recovery in the third quarter of 2023, according to Trip.com Group reporting its unaudited financial results for the third quarter of 2023 earlier this week

Third Quarter 2023 highlights

Domestic hotel bookings grew by over 90% year over year and increased by over 70% compared to the pre-Covid level for the same period in 2019.

James Liang, Co-founder and Chairman of Trip.com Group.

Outbound hotel and air reservations recovered to around 80% of the pre-Covid level for the same period in 2019, compared to the industry-wide recovery rate of over 50% in terms of international air passenger volume for the same period.

Total bookings on the company’s global OTA platform increased by over 100% yearly and compared to the pre-Covid level for the same period in 2019. The company delivered strong results in the third quarter of 2023. Total net revenue for the third quarter grew by 99% year over year. Net income for the third quarter was RMB4.6 billion (USD637 million), which improved significantly from RMB245 million for the same period in 2022. Adjusted EBITDA for the third quarter was RMB4.6 billion (USD634 million). Adjusted EBITDA margin was 34%, compared to 21% for the same period in 2022 and 33% for the previous quarter.

“Throughout the third quarter of 2023, both domestic and international travel experienced a remarkable rebound, thanks to the robust summer travel demands,” said Trip.com Group executive chairman James Liang’

“This shows just how eager travellers are to explore the world. Looking ahead, we will continue expanding our global presence and cultivating AI-related initiatives, laying the foundation for continued growth of our company.”

Third Quarter of 2023 Financial Results 

For the third quarter of 2023, Trip.com Group reported net revenue of RMB13.7 billion (USD1.9 billion), representing a 99% increase from the same period in 2022 primarily due to the substantial recovery of the travel market. Net revenue for the third quarter of 2023 increased by 22% from the previous quarter, primarily due to seasonality.

Accommodation reservation revenue for the third quarter of 2023 was RMB5.6 billion (USD766 million), representing a 92% increase from the same period in 2022. Accommodation reservation revenue for the third quarter of 2023 increased by 30% from the previous quarter, primarily due to seasonality.

Transportation ticketing revenue for the third quarter of 2023 was RMB5.4 billion (USD736 million), representing a 105% increase from the same period in 2022. Transportation ticketing revenue for the third quarter of 2023 increased by 11% from the previous quarter, primarily due to seasonality.

Packaged-tour revenue for the third quarter of 2023 was RMB1.3 billion (USD182 million), representing a 243% increase from the same period in 2022. Packaged-tour revenue for the third quarter of 2023 increased by 84% from the previous quarter, primarily due to seasonality.

Corporate travel revenue for the third quarter of 2023 was RMB591 million (USD81 million), representing a 60% increase from the same period in 2022 and a 1% increase from the previous quarter.

Cost of revenue for the third quarter of 2023 increased by 94% to RMB2.5 billion (USD338 million) from the same period in 2022 and increased by 23% from the previous quarter, which was in line with the increase in net revenue. Cost of revenue as a percentage of net revenue was 18% for the third quarter of 2023.

Net income for the third quarter of 2023 was RMB4.6 billion (USD637 million), compared to RMB245 million for the same period in 2022 and RMB648 million for the previous quarter. Adjusted EBITDA for the third quarter of 2023 was RMB4.6 billion (USD634 million), compared to RMB1.4 billion for the same period in 2022 and RMB3.7 billion for the previous quarter. Adjusted EBITDA margin was 34% for the third quarter of 2023, compared to 21% for the same period in 2022 and 33% for the previous quarter.

NTIA names its 2023 stars

SYDNEY, 24 November 2023: Australia’s National Travel Industry Awards (NTIAs) 2023 celebrated the industry’s success, recognising the people in travel that made recovery happen post-pandemic.

Supported by major Sponsor Singapore Airlines, over 1,300 travel professionals and businesses attended last week’s awards presentation.

ATIA CEO Dean Long

ATIA CEO Dean Long commented: “The NTIAs 2023 was truly a night to remember. This is in no small part due to the high calibre of entries we received and the exemplary standard of travel professionals and businesses all throughout Australia.”

“It was so exciting to return to Melbourne this year and to be able to celebrate with all of the incredible travel professionals that make our industry so special. 

“Events of the scale the NTIAs 2023 celebration do not just happen, and on behalf of everyone, I thank the hardworking ATIA team and the generous support of our sponsors for helping us realise our vision for this event.

“Our vibrant travel community is our greatest strength, and through events like the NTIA we will continue our focus on harnessing the skills and expertise across our network to benefit our industry, our clients and our businesses.”

WINNERS LIST

Most Outstanding Mobile / Home-Based Travel Advisor: Wendy Brockbank, MTA Mobile Travel Agents

Most Outstanding Travel Agency Manager: Stacey Brownsey, Helloworld Travel Mt Pleasant

Most Outstanding Travel Consultant Corporate: Lauren Zischke, TAG Travel Group

Most Outstanding Travel Consultant Leisure: Louis Teng, Connelly & Turner Travel Associates

Rookie of the Year: David O’Shea, RAA Travel

Most Outstanding Sales Executive – Air: Nick Lewis, Air New Zealand

Most Outstanding Sales Executive – Cruise: Helen Courias, Holland America Line

Most Outstanding Sales Executive – Land Supply- Mickey Mann, The Travel Corporation

Most Outstanding Employee Engagement and Recruitment Program: Flight Centre Travel Group

Most Outstanding Online Travel Agency: Webjet

Most Outstanding Hybrid Online Travel Agency: Ignite Travel Group

Most Outstanding Business Events Travel Agency: Event Travel Management (ETM)

Most Outstanding National Travel Management Company: Stage and Screen Travel Services

Most Outstanding Global Travel Management Company: Corporate Travel Management – CTM

Most Outstanding Leisure Travel Agency – Single location: FBI Travel

Most Outstanding Leisure Travel Agency – Multi-location: Helloworld Travel Hunter Travel Group

Sustainability Award – Business: Corporate Travel Management – CTM

Most Outstanding Mobile Advisor Network: MTA – Mobile Travel Agents

Most Outstanding Travel Agency Group: Flight Centre   

Most Outstanding Non-Branded Agency Group: Travellers Choice

Most Outstanding Tour Operator – Specialised: Albatross Tours

Most Outstanding Tour Operator – Global: APT

Most Outstanding Wholesaler – Product / Service: Entire Travel Group AND Viva Holidays

Most Outstanding Wholesaler – Destination / Experience: ANZCRO

Most Popular Tourism Office: Destination Canada

Most Popular Accommodation Group / Chain: IHG Hotels & Resorts

Most Popular Airline – Online: Virgin Australia

Most Popular Airline – Offline: Lufthansa Group

Most Popular Ocean Cruise Operator: Viking

Most Popular River Cruise Operator: Uniworld Boutique River Cruises

Most Popular Car Rental Operator: Avis

Most Outstanding Travel Industry Training Institution: TAFE Queensland

Sustainability Award – Supplier: Hurtigruten

Innovation in Travel Support Services: Cover-More Travel Insurance: Post Pandemic Support

People’s Choice Award- Australia’s favourite Travel Brand: Trafalgar

Hong Kong’s airport traffic jumps four-fold

HONG KONG, 24 November 2023: Airport Authority Hong Kong (AAHK) has released air traffic figures for Hong Kong International Airport (HKIA) for October 2023.

During the month, HKIA handled 3.8 million passengers, representing a four-fold year-on-year increase, while flight movements approximately doubled to 26,265 compared to October 2022.

HKIA named “Cargo Airport of the Year – Asia Pacific.

All passenger segments experienced significant growth compared with the same month last year. Mainland China and Japan saw the largest increase in traffic to and from Southeast Asia.

The strong growth momentum of cargo throughput continued in October, rising 12.1% year on year to 393,000 tonnes. Exports and transshipments recorded 24.7% and 2.1% year-on-year increases, respectively. Traffic to and from key trading regions in Europe, North America and the Middle East posted the most significant increases during the month.

Over the first 10 months of the year, passenger volume increased 9.5 times to 31.4 million while flight movements nearly doubled to 218,370 compared with the same period in 2022. Cargo volume increased slightly by 0.1% to 3.5 million tonnes year-on-year.

On a 12-month rolling basis, passenger volume was 34 million, 9.4 times higher than the previous comparable period. Flight movements increased by 78.7% year on year to 247,805. Cargo throughput decreased by 5.6% to 4.2 million tonnes.

Meanwhile, HKIA was named “Cargo Airport of the Year – Asia Pacific” and “Air Cargo Technology Provider of the Year” in the 10th edition of the Payload Asia Awards. The awards, organised by Payload Asia, celebrate achievements in the air freight industry, commending industry leaders and forward thinkers of the air cargo and logistics supply chain who lead the new economy at the forefront of innovation. Winners are determined by online voting and the evaluation of an expert jury panel.

AAHK executive director of commercial Cissy Chan said: “We are delighted to be recognised by Payload Asia for our continuous efforts to enhance HKIA’s cargo capabilities through innovations and technologies. Among other new initiatives, we developed the HKIA Cargo Data Platform. This integrated platform uses blockchain and smart contracts to connect multiple parties along the supply chain for more streamlined operations and communications. We have comprehensive and advanced cold chain facilities for handling temperature-sensitive cargo to support our growth strategies. We also embrace automation technology and have introduced driverless tractors to cargo delivery on apron. We will continue upgrading our services and facilities to strengthen HKIA’s position as the world’s leading cargo airport further.”

SalamAir keeps us guessing

SINGAPORE, 24 November 2023: Muscat-based SalamAir is launching flights to five key destinations in India; Hyderabad, Calicut, Jaipur, Trivandrum, and Lucknow, according to the airline’s press statement.

Actual details of the flights with launch schedules have not been released, but booking sites show details of some of the new flights to India. TTRW filed questions to the airline’s media department asking for more details on launch dates.

A search of the airline’s booking site shows the Muscat-Hyderabad flight (OV731) starts on 16 December, with four weekly flights scheduled using an A320.

The other four destinations are not drop-down menu options for destinations available on the airline’s booking site for travel from Muscat.

However, a check of independent booking sites indicates the Jaipur flights (OV783) from Muscat could start on  5 December, with two weekly services on Tuesday and Friday.

Reliable booking site schedules also suggest a new service to Lucknow (OV735) offering five flights weekly (Monday, Tuesday, Thursday, Friday and Sunday) starting this week using an A321.

Not listed on SalamAir’s India expansion list is Goa, and according to booking sites, a twice-weekly flight (Tuesday and Friday) is in the timetable set for a 5 December launch.

According to the airline’s press release, the Civil Aviation Authority (CAA) of the Sultanate of Oman played a pivotal role in facilitating the expansion roll-out that will enhance connectivity between Oman and India.  

Muscat National Development and Investment Company (ASAAS) owns the airline.

This is a developing news story. More information when the airline responds to email questions.

AirAsia boosts Thai flights

BANGKOK, 24 November 2023: AirAsia Thailand (FD) is reinforcing its position as the airline with the widest network and highest frequency in Thailand by increasing flights on 14 popular domestic routes during the fourth quarter to cater to the year-end holiday season. 

A total of 18 daily flights will be added to the service, an increase from 87 to 105 domestic flights daily. 

Photo credit: AirAsia.

The airline reports a load factor average of 93% for its domestic service in the third quarter and aims for a high of 95% during the final quarter.

AirAsia Thailand head of commercial Tansita Akrarittipirom said: “The fourth quarter is a key travel season when many Thai travellers choose to travel domestically. At the same time, VISA Free schemes by the government for select groups of visitors, particularly those from China, India and Taiwan, will align with AirAsia offering a wide array of routes. Increasing frequency during the quarter is expected to attract more foreign tourists to Thailand.”

At present, AirAsia Thailand operates 32 domestic routes, including 24 routes from Bangkok and eight regional routes. The carrier’s highest frequency domestic routes are Bangkok-Chiang Mai, flying up to 18 times a day (13 flights from Don Mueang and five from Suvarnabhumi), Bangkok-Phuket, flying up to 17 times a day (13 flights from Don Mueang and four flights from Suvarnabhumi) and Bangkok-Krabi, flying up to eight times a day (six flights from Don Mueang and two from Suvarnabhumi).

In Q4/2023, Thai AirAsia will increase flights on 14 domestic routes (compared to Q3):

Bangkok (Don Mueang) to

  • Chiang Mai, from 11 to 13 flights a day
  • Phuket, from 11 to 13 flights a day
  • Chiang Rai, from 4 to 6 flights a day
  • Krabi, from 5 to 6 flights a day
  • Surat Thani, from 3 to 4 flights a day
  • Udon Thani, from 3 to 4 flights a day
  • Ranong, from 1 to 2 flights a day

Bangkok (Suvarnabhumi) to

  • Chiang Mai, from 3 to 5 flights a day
  • Phuket, from 3 to 4 flights a day
  • Krabi, from 1 to 2 flights a day

Chiang Mai to

  • Krabi, from 1 to 3 flights a day
  • Phuket, from 2 to 3 flights a day
  • Hat Yai, from 1 to 2 flights a day
  • Khon Kaen, from 1 to 2 flights a day

Oceania Marina heads for a refurb

SINGAPORE, 23 November 2023: Oceania Cruises’ 1,250-passenger ship, Marina, will undergo a major refurbishment in May 2024, followed by summer season sailings in northern Europe.  

Marina is the last of Oceania Cruises’ seven-ship fleet to be refurbished. Its eighth ship, Allura, is set to launch in Spring 2025.

Oceania Marina

The Marina refurbishment will include three new dining options: Aquamar Kitchen, the new wellness-focused dining venue which debuted on Vista this year; an expanded poolside ice cream parlour; and a new casual al fresco trattoria offering sumptuous Italian dishes, including freshly-made pizzas. Marina and her sister Riviera are credited with being the first true foodie ships in the world, the first ships ever to have an onboard cooking school.

In addition to the three new dining options, Marina’s private and public spaces will be refreshed. All upper suites will be reimagined with a revamped look to become lighter, brighter and seemingly even more spacious thanks to cleverly designed new features.

The refurbished Marina will debut on 18 May 2024, offering Summer 2024 featured sailings.

6 July: Oslo to Copenhagen, 20 days, featuring Scandinavia and the Baltic countries, from Norway’s fjords to historic Gothenburg and Gdansk.

16 July: London to London, 44 days, featuring the best of the North Atlantic and Northern Europe.

26 July: Copenhagen to Tromsø, 10 days, visiting Norway on a journey that spotlights its extraordinary fjord country, fishing villages rich in Viking heritage hidden in beautiful fjords guarded by colossal mountains.

5 August: Tromsø to Reykjavik, 15 days, cruises the rugged Arctic shores of the Svalbard archipelago to the volcanic terrain of Iceland and the s hinterlands of Greenland.

About Oceania Cruises

Oceania Cruises’ small, luxurious ships carry a maximum of 1,250 guests and feature more than 600 marquee and boutique ports in more than 100 countries on seven continents on voyages that range from seven to more than 200 days. Oceania Cruises is a wholly owned subsidiary of Norwegian Cruise Line Holdings Ltd.

Innovators meet in Langkawi

LANGKAWI, 23 November 2023: Langkawi is attracting more business events in the post-Covid era, with meeting organisers taking a closer look at the island’s convention and accommodation options.

Famed for its duty-free shopping and the UNESCO Global Geopark, Langkawi is attracting more airlines and positioning the island as an attractive destination for corporate incentives.

Supported by Langkawi Development Authority, Yayasan Inovasi Malaysia (YIM) welcomes delegates to the Innovation Forum and Exhibition hosted from 28 to 30 November at Langkawi International Convention Centre (LICC), Westin Langkawi Resort & Spa.

YIM, an agency under Malaysia’s Ministry of Science, Technology and Innovation (MOSTI), is the organiser of the two-day event and is targeting the Langkawi community, students, teachers, community leaders and tourism industry players to join the ASEAN-India Grassroots Innovation Forum (AIGIF).

AIGIF is an annual business event focusing on innovation and collaboration between the ASEAN Committee on Science, Technology, and Innovation (COSTI), the Government of India’s Department of Science & Technology (DST) and the National Innovation Foundation (NIF) India.

For the AIGIF programme visit, https://aigif2023.yim.my/about/

In February 2024, LADA and the Malaysia Airports are jointly hosting RoutesAsia. This week-long event brings together airline and airport executives and is pivotal in highlighting destinations that could lead to new airline routes to power tourism expansion. LADA views the event as a crucial element that will help it reach its long-term goal of attracting more airlines to fly to the northern Malaysia island.

Earlier this year, the Langkawi International Maritime and Aerospace Exhibition (LIMA 2023) was hosted from 23 to 27 May 2023, marking the return of business tourism to the island following the Covid pandemic.

More than 200 weekly flights serve Langkawi from Kuala Lumpur,  Penang, Ipoh, Kota Bahru, Johor Bahru, and Singapore. 

In addition, Flydubai will introduce direct flights from Dubai to popular island destinations in Malaysia in early 2024. The low-cost airline schedules daily service to Penang and Langkawi starting 10 February 2024. The flight will stop in Penang before flying to Langkawi and returning to Dubai via Penang.

Langkawi is renowned for its pristine beaches, lush rainforests and stunning geological formations. Visitors can enjoy activities such as island hopping, cable car rides to the Sky Bridge and exploring the Kilim Karst Geoforest Park.

https://naturallylangkawi.my/

Centara appoints seasoned hotel specialist

BANGKOK, 23 November 2023: Centara Hotels & Resorts, a leading hotel operator headquartered in Thailand announced this week the appointment of Chen Thipvarodom as the general manager of the Centara Ayutthaya

Set to open at the end of this year, the new property is another collaboration between Central Pattana, a global sustainable real estate company and developer of Central shopping centres, residential projects, office buildings and hotels across Thailand and Centara Hotels & Resorts.

Chen Thipvarodom.

Chen brings over 15 years of valuable hospitality expertise to this new role with a career in the hotel industry driven by a profound passion for connecting with people from various corners of the world, understanding diverse cultures, and ensuring exceptional guest experiences. 

In his previous role as director of business development and cluster general manager at Furama Hotels & Resorts International Management Thailand, Chen exhibited exemplary leadership qualities and a keen eye for operational excellence. His commitment to surpassing guest expectations and delivering the highest level of service make him the ideal candidate for the soon-to-be-opened Centara Ayutthaya.

“We are thrilled to welcome Chen as the general manager for Centara Ayutthaya. His extensive career and unwavering dedication to excellence align perfectly with our commitment to providing exceptional hospitality,” stated Central Pattana Hotel Properties in Thailand director of operations Wuthisak Pichayagan. “We believe his leadership will play a vital role in making Centara Ayutthaya a standout destination.”

“I am honoured to join Centara family as General Manager for Centara Ayutthaya”, Chen commented. “I look forward to working hand in hand with the exceptional team to grow this new hotel and create unforgettable moments for our guests through my industry expertise and deep passion for hospitality”. For more information on Centara’s properties, visit www.centarahotelsresorts.com/.

Artyzen brand arrives in Singapore

SINGAPORE, 23 November 2023: Artyzen Hospitality Group (AHG), a wholly-owned subsidiary of Shun Tak Holdings, has announced the arrival of two new luxury lifestyle properties in Singapore and Shanghai under the Artyzen Hotels and Resorts brand.

2023 is a watershed year for Artyzen Hospitality Group, with a doubling of the room inventory, establishing the first international footprint outside of Greater China, and diverse projects, including lifestyle hotels, serviced apartments, restaurants and bars, and conference centres.

The two new hotels in Singapore’s West Orchard neighbourhood and Shanghai’s vibrant new central business district of Qiantian are Artyzen Hotels & Resorts’ new flagship properties, joining two existing hotels, Artyzen Lingang Shanghai and Artyzen Grand Lapa Macau.

New openings 

The 142-room Artyzen Singapore opens on 24 November 2023 and is located in the West Orchard neighbourhood on Cuscaden Road.

The 202-room Artyzen New Bund 31 Shanghai opened on 27 October 2023. The new lifestyle hotel is adjacent to the Bank of Communications and New Bund 31 Performing Arts Centre in Shanghai’s thriving cultural district of Qiantan famed for its prestigious luxury shopping, dining, and entertainment.

How the future looks for DMOs

SINGAPORE, 23 November 2023: This week, Sojern, a digital marketing platform for travel, launched its “State of Destination Marketing” report for destination marketing organisations (DMOs). 

This first-of-its-kind report, produced through a partnership between Sojern and Digital Tourism Think Tank (DTTT) and supported by Brand USA, Destination Canada and the European Travel Commission, the study sheds light on the latest industry trends and challenges.

It explores effective marketing strategies for engaging travellers based on insights from nearly 300 DMOs, government departments and affiliated tourism entities worldwide. It offers a glimpse into the future of destination marketing. 

Sojern says it “commissioned this report to ensure its global destination clients have access to the most comprehensive marketing insights.”

Report takeaways

Economic uncertainty, inflation, and the cost of living: They significantly impact strategies, with more than 50% of respondents considering these areas require careful attention and planning. 

“As the travel industry undergoes rapid transformation, we remain committed to empowering destinations to navigate these changes effectively,” said Sojern Chief Revenue Officer Noreen Henry.

“The insights uncovered in our report highlight destination marketers’ strategic priorities and overall approach to digital marketing while also highlighting the significance of promoting sustainable and diverse tourism and meeting consumers’ increasing desire for unique experiences. Working with strategic technology-powered partners like Sojern ensures success in an increasingly dynamic and competitive environment.”

AI is revolutionising marketing:  This will significantly influence how destinations market to travellers. According to the findings, DMOs anticipate AI’s impact will be most pronounced in content creation, with nearly half (49%) foreseeing significant impact. Many AI tools are transforming creative processes, from long-form content to social media posts.

In addition, 40% of DMOs see significant potential in AI for predictive analysis and forecasting, 38% for data analysis and interpretation, and 37% for marketing content personalisation. However, 71% are less confident and see little potential impact in AI’s ability to shape their teams’ web, app and platform creation, and 63% in conversational marketing. DMOs perceive the least impact when it comes to AI on campaign creation and optimisation (29%), creative media (25%) and web, app, and platform creation (25%).

Prioritising digital paid media investments: 96% of DMOs invest significantly in paid media to achieve their marketing objectives. Notably, 58% take an always-on approach, investing year-round, while 38% invest seasonally, and only 21% invest when specific opportunities arise. Social media advertising maintains its prominence, as does Search Engine Marketing (SEM), with 96% and 95% of DMOs rating them as having a high or average importance, respectively.

The most important channel formats comprise 94% native advertising or sponsored content, 85% display and video advertising, and 78% in-stream video ads. Additionally, Connected TV (CTV) shows promise, with more than half of respondents considering it of mid to high importance.

Instagram and Facebook remain the most critical platforms for prioritising media and content investment, with 45% and 35% of all respondents ranking Meta’s channels as their top channel of importance. 

While TikTok has become a global sensation, media investment hasn’t yet grown to the level some might expect, with only 5% ranking it as their most important channel. 

Prioritising environmental and social goals: DMOs adapt their strategies in response to sustainability, diversity, equity and inclusion trends. European DMOs are leading in prioritising environmental sustainability (62% for climate change, 56% for biodiversity) compared to Canada (29% for climate change, 24% for biodiversity) and US DMOs (8% for climate change, 33% for biodiversity).

Many DMOs emphasise social diversity and sustainability in their strategies, with figures showing that 42% of all those surveyed prioritise gender equality, and 45% of European and 40% of US DMOs strongly prioritise accessibility for visitors with disabilities. Around 35% of all respondents said that LGBTQ+-specific strategies (i.e. sexual orientation) were strongly prioritised, with similar importance (34%) placed on promoting social and economic diversity.

*To see the full survey methodology, download the “State of Destination Marketing 2024” report here.

(Source: Sojern)