Top of the WiT: Lunar New Year trends. OTAs vs Hotels. MG Group's comeback kid.
Release Date: 01/24/2025
The WiT Podcast
This WiT Podcast exclusive is part of our “Conversations on Turning 20” series. If you’ve ever wondered what happens when a tech-loving realist runs one of Asia’s biggest travel platforms through a decade of seismic change, tune in to the latest WiT Podcast with Omri Morgenshtern, CEO of Agoda. As Agoda turns 20 and Omri celebrates 10 years with the company, we sat down for a wide-ranging conversation in Singapore to reflect on the past and gaze boldly into the future.
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On this week's episode, our AI hosts discuss current trends and opportunities within the tourism and hospitality sectors, based on a couple of reports that were highlighted last week on the Web In Travel website. One report by Booking.com spotlights Singapore-based travellers' growing awareness of tourism's social and environmental impact, indicating a preference for supporting local communities and a desire for better infrastructure to manage tourism's challenges rather than limiting visitor numbers. Another report by Mabrian examines the Middle Eastern hospitality market, emphasising the...
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On this episode, we address current shifts and future concerns within the global and regional travel industries. One piece examines the potential impact of new US tariffs on Asian travel, considering both negative consequences and the possibility of increased intra-Asia travel as a buffer. Another report highlights the rapid growth of Saudi Arabia's online travel agency market, detailing key players and significant increases in booking volumes for both air and hotel sectors. Finally, the International Air Transport Association provides data on global passenger demand for February 2025,...
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On this episode, our (AI) hosts discuss significant shifts in the travel industry, particularly focusing on the impact of artificial intelligence and the evolving landscape of online travel agencies (OTAs). AI is portrayed as a transformative force, changing how travellers discover destinations, handle bookings, and expect personalised experiences, presenting both opportunities for startups and threats to traditional suppliers. The adoption of digital payment solutions like Alipay+ is highlighted as a key enabler for tourism, improving the visitor experience in regions like Malaysia. The...
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This episode discusses the rising trend of blended travel in the Asia-Pacific region, where professionals increasingly combine business trips with leisure, prioritising flexibility and personal enrichment. Then, our AI hosts examine the fragmented but growing short-term rental market in APAC, highlighting regulatory complexities, the impact of trends like "set-jetting," and the increasing role of technology and professionalisation. Finally, a third segment profiles HeyMax, a Singaporean fintech startup that enables users to earn travel miles on everyday spending, aiming to disrupt traditional...
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On this week's episode, Trip.com's "Momentum 2025" report highlights key travel trends for Singaporeans, including food-focused tourism, media-inspired destinations, cruise popularity, and entertainment-driven trips, emphasising social media's influence. Expedia's "Air Hacks Report" debunks common air travel myths, revealing optimal booking times, travel days, and dispelling notions about summer costs, premium fares, and crowded flights. Then, we cover how OAG's Filip Filipov discussed the need for a more customer-centric connected trip experience, advocating for data sharing and AI to...
info_outlineFirst, Trip.com data reveals trends in Asia-Pacific Lunar New Year travel, including longer trips, increased cross-border travel, and a rise in bookings for unique destinations and cruises. Second, a panel discussion at the ASEAN Tourism Forum examines the impact of Online Travel Agencies (OTAs) on the industry, highlighting both their benefits and challenges for hotels and travelers. Third, the successful turnaround and sale of MG Group, a B2B hospitality marketplace, is detailed, showcasing its growth strategy and focus on the Asian market. Finally, the story of Hotel Treats, a platform offering curated day experiences, illustrates its organic growth and expansion from a local Mallorca-based company to a global player.
It's all on this week's Top of the WiT.