Corporate News     19-Jan-23
RateGain's latest PULSE report shows India as Top 3 inbound destinations
RateGain Travel Technologies through its latest PULSE report powered by Adara shared that India is amongst the top 3 inbound destinations in APAC with Y-o-Y rise of 21% in Bookings for all bookings from 15 January to 15 February.

Analysing Adara's travel-intent data, one of the world's largest travel data platforms, the report highlights that for the first time Business travel grew faster than Leisure travel with a YoY growth of 18%. This could be attributed to the heightened economic activity in the region, especially in India.

During this period India lags behind Asia's favorite destinations Indonesia and Japan which are witnessing close to a 30 to 50% increase as destinations compared to last year.

The report also highlights the reversal of longer trips which became the norm during the pandemic and suggests that trips of less than 5 days will be more common (comprise 81% of 2023 trips compared to 75% of 2022 trips). With the resumption of business travel in the region, shorter trips will gain more prominence.

India and Asia Pacific opened their borders to international travelers after a long hiatus of two years in the summer of 2022 and have seen steady growth in airline and hotel prices as well as occupancy across the region. However, the extra boost in the first month of 2023 is due to the reopening of China after three years of restrictions. While there is no significant impact yet on any market, however, it is expected that destinations in West and South East Asia that depend on China will see good momentum closer to the summer of 2023.

Adara's travel-intent data platform and solutions powered by over 270+ brands with over 24 billion data elements and 1.5 billion digital identities is used by leading airlines, hotel chains, tourism organizations, OTAs as well as luxury retailers to better segment their audiences and drive higher ROI on their marketing spends.

Previous News
  Rategain Travel Technologies consolidated net profit rises 195.84% in the June 2023 quarter
 ( Results - Announcements 07-Aug-23   18:08 )
  RateGain Travel spurts as Q1 PAT soars 3x; board OKs raising upto Rs 600 cr
 ( Hot Pursuit - 07-Aug-23   15:24 )
  RateGain rises on partnership with Jazeera Airways
 ( Hot Pursuit - 06-Sep-22   10:31 )
  Indices trade with modest gains; VIX slides 3.68%
 ( Market Commentary - Mid-Session 13-Jun-24   12:35 )
  Jazeera Airlines selects RateGain's AirGain pricing product
 ( Corporate News - 06-Sep-22   09:10 )
  RateGain Travel Technologies appoints Yogeesh Chandra as Chief Strategy Officer
 ( Corporate News - 28-Apr-23   08:45 )
  RateGain Travel spurts as Q4 PAT climbs 48% YoY to Rs 50 cr
 ( Hot Pursuit - 21-May-24   15:06 )
  Budget Car & Truck Rental of Calgary selects RateGain's Rev-AI to optimize business margins
 ( Corporate News - 19-Mar-24   10:17 )
  RateGain appoints Yogeesh Chandra as chief strategy officer
 ( Hot Pursuit - 28-Apr-23   08:37 )
  Rategain Travel Techs. to convene board meeting
 ( Corporate News - 13-May-23   14:56 )
  RateGain partners with US car rental company - Malco Enterprises
 ( Corporate News - 24-Jan-22   10:19 )
Other Stories
  Tridhya Tech to convene board meeting
  03-Jul-24   20:06
  Sonu Infratech schedules EGM
  03-Jul-24   19:59
  Sakuma Exports to convene AGM
  03-Jul-24   19:59
  Time Technoplast repays commercial paper
  03-Jul-24   18:31
  Board of Aditya Vision approves stock split and listing of share on NSE
  03-Jul-24   18:24
  Pricol director resigns
  03-Jul-24   18:21
  Board of VMS Industries recommends first interim dividend
  03-Jul-24   17:49
  Lakshmi Machine Works to declare Quarterly Result
  03-Jul-24   17:44
  Modison to convene AGM
  03-Jul-24   17:43
  Sybly Industries to discuss results
  03-Jul-24   17:43
Back Top