Asian tourists to return to large numbers by 2024, says Agoda CEO

Robert Besser
22 Sep 2022, 16:21 GMT+10

Online travel agency Agoda predicts that Asian tourists will resume international travel at pre-pandemic levels by 2024
The company's CEO, Omri Morgenstern, said he expects tourists from Asian countries, excluding China, to not begin traveling for another six months after COVID-19 restrictions are lifted to travel confidently
Across its Asian markets, Agoda's booking volumes have returned to 2019 levels, but more so in domestic travel

BANGKOK, Thailand: Online travel agency Agoda predicts that Asian tourists will resume international travel at pre-pandemic levels by 2024.

The company's CEO, Omri Morgenstern, said he expects tourists from Asian countries, excluding China, to not begin traveling for another six months after COVID-19 restrictions are lifted to travel confidently.

"Korea opened up two months ago but numbers are 40 percent of what it was before, so it's not jumping," said Morgenstern, who took the helm at Agoda in July, as reported by Reuters.

Across its Asian markets, Agoda's booking volumes have returned to 2019 levels, but more so in domestic travel, Morgenstern told Reuters, in contrast to the stronger and quick tourism recovery in the United States and Europe.

"In the U.S. or Europe, it's almost like everybody decided COVID was over," said Morgenstern, noting that travel resumed quickly there and many stopped wearing masks.

On the other hand, in many Asian countries such as Thailand, South Korea, Singapore, and Indonesia people have kept masks on even after mandates were dropped.

Agoda is rolling out more products to allow customers to plan their entire travel itinerary on the platform with the promise of more discounts, Morgenstern added.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Hong Kong Herald.

More Information

28 ℃

Fair in Hong Kong Intl

China

Section

Factory activity in China shows first increase in six months

BEIJING, China: Official statistics released on the weekend showed that in September, Chinese factory activity expanded for the first time ...

Slow economy means fewer Chinese travel abroad for holidays

SHANGHAI, China: Chinese officials report that 100 million people are traveling daily during the ongoing Golden Week holiday. Three times ...

In $10 billion deal, China Eastern Airlines to acquire 100 more planes

BEIJING, China: In a deal worth US$10 billion at list prices this week, state-owned carrier China Eastern Airlines announced that ...

Taiwan develops first domestically-made submarine

KAOHSIUNG, Taiwan: In a significant milestone for its defense capabilities, Taiwan has unveiled its first domestically developed submarine. Although it ...

China says Evergrande chairman being investigated for 'illegal crimes'

BEIJING, China: This week, China Evergrande Group said its founder and chairman, Hui Ka Yan, is being investigated over suspected ...

Philippines removes Chinese barrier at shoal in South China Sea

MANILA, The Philippines: The Philippines remains steadfast in its resolve not to yield to Chinese efforts to obstruct its fishermen ...

Business

Section