Top of the WiT: Lunar New Year trends. OTAs vs Hotels. MG Group's comeback kid.
Description
First, 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.
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