Tag Archives: President – Asia Pacific

Corporate travel is on the rise in Asia-Pacific: Sabre

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Sabre Corporation, the leading technology provider in the global travel industry, has revealed the survey insight from over 70 corporate travel management companies (TMCs) from across Asia Pacific, on latest trends in terms of regional bookings. The survey discloses that as economic growth continues to sweep across the region, more companies are expecting their corporate travel managers for door-to-door travel booking solutions, demanding expense integration and most importantly, to identify cost saving opportunities. “The results of this survey reflect the critical role of TMCs in assuring the business success of their clients. More than ever, members of the travel industry need to work closely together to enable a smooth, relevant shopping experience for the traveller,” said Todd Arthur, Vice President, Sabre Travel Network, Asia Pacific. Almost 7 in 10 (65 per cent) respondents admit they are asked to identify cost savings, and this cost-conscious approach is encouraging travel managers to find new ways to minimize spending. While premium economy continues to gain ground in the region, 1 travel manager in 3 has recorded an increase of close to 5 percent in premium economy bookings over the last year. As travel-related expenses become a central consideration for companies, the survey also reveals that downgrades, shifting reservations from business to economy class, account for close to 40 percent of their bookings. What’s more, almost 1 in 4 have identified a significant increase in their LCC share of volume. The survey also reveals that 32 percent of respondents expect solutions that enable mobile booking capacities will become mainstream within the next two years, but only 10 percent believe that virtual payment solutions will gain widespread acceptance – an unfortunate conclusion, as virtual payments …

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HICSA starts today in Mumbai

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The 14th edition of Hotel Investment Conference-South Asia (HICSA) started today in the Grand Hyatt Mumbai. Having created a niche for itself, HICSA brings together an impressive conglomeration of business leaders, think tanks and industry top brass, and is one of the most coveted forums for all industry players in the region. The program will feature a series of master classes and keynotes by subject-matter experts; interviews and thought-provoking discussions with industry stalwarts; and a number of engaging panel discussions. Notable speakers at this year’s event include prominent industry leaders such as Alan Watts, President – Asia Pacific, Hilton; Arne M. Sorenson, President and CEO, Marriott International; Ashish Jakhanwala, Managing Director and CEO, SAMHI; Deep Kalra, Chairman and Group CEO, MakeMyTrip; Deepak Bagla, Chief Executive Officer and MD, Invest India; Gaurav Bhushan, Global Chief Development Officer, Accorhotels; Katerina Giannouka, President – Asia Pacific, Radisson Hotel Group; Mark Hoplamazian, President and CEO, Hyatt Hotels Corporation; Nakul Anand, Executive Director, ITC Limited; Pascal Gauvin, Managing Director – India, Middle East and Africa, InterContinental Hotels Group; Patu Keswani, Chairman and MD, Lemon Tree Hotels Limited and Puneet Chhatwal, Managing Director and CEO, Indian Hotels Company Limited, to name a few.

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