SHANGHAI, Dec. 28, 2023 /PRNewswire/ — As the sun sets on 2023, Trip.com Group, a global leader in online travel services, reflects on the dynamic landscape of travel over the past year, offering insights into the trends set to shape the journey in 2024.
China’s border reopening sparks global travel surge
With the opening of China’s borders, travel was greatly boosted by a wave of Chinese travellers with a pent-up demand for overseas travel. Trip.com data unveils a significant rise in outbound travel bookings, showcasing a six-fold increase compared to 2022. This trend is especially prominent during holiday periods, such as the 8-day Golden Week in October which witnessed an eightfold surge in outbound travel. This is a compelling prelude to a robust New Year Holiday season from 31 Dec 2023 to 3 Jan 2024, which recorded a 240% increase in bookings year-on-year from 2022.
The data also revealed that Chinese travellers have a strong interest in visiting Southeast Asia, with many of these countries topping the list of preferred outbound destinations in 2023:
Top 5 destinations for Chinese travellers in 2023
- South Korea
The thriving interest in outbound travel is expected to persist in 2024. Besides outbound travel, China’s inbound travel is also showing steady signs of recovery. In 2023, Trip.com saw four-digit growth in visitor numbers as compared with the same period in 2022 – surpassing 60% of pre-pandemic levels.
According to Trip.com data, China’s top source markets for inbound tourism include South Korea, Japan, Singapore, the United States, Australia, Malaysia, Canada, Thailand, the United Kingdom and Germany. These visitors’ preferred destinations in China are Shenzhen, Shanghai, Guangzhou, Beijing, Zhuhai, Hangzhou, Foshan, Xiamen, Zhongshan, and Chengdu. In fact, seven out of ten hotel bookings made by overseas tourists are for Shenzhen.
Furthermore, Trip.com’s “China Travel Guide”, a comprehensive guide that provides inbound visitors to China with hotel, transport, payment and other travel-related information, has served nearly 100,000 overseas visitors since its launch in September.
We also partnered with e-payment service providers such as Alipay to simplify payment for overseas visitors, helping international tourists navigate their travels in China.
AI takes centre stage in predictive planning for 2024
As we venture in 2024, the travel landscape is undergoing a paradigm shift, driven by the widespread integration of AI. Leading this transformative change is TripGenie, an advanced AI travel assistant that is integrated into the Trip.com mobile app.
Leveraging cutting-edge large language model technologies, TripGenie, launched in 2023, has evolved into a personalised travel companion. It is reshaping the way we plan our journeys, from crafting bespoke itineraries, enabling instant bookings and delivering lightning-fast responses to user queries. For example, if you enquire “How do I plan a 5-day trip to Bangkok?” The travel assistant swiftly creates a personalised editable inquiry in under a minute, recommending tourist spots, shopping destinations and even provides booking links, images and city maps.
In the latter part of 2023, TripGenie’s user searches unveiled a rising interest in content related to “travel guide”, reflecting a growing demand for comprehensive travel-related information. Other popular searches were related to “flight”, “hotel”, “itineraries” and “attractions”.
Expanding beyond TripGenie, Trip.com introduced AI-powered curated lists to enhance the booking experience for users. “Trip.Best” that recommends the best travel options, “Trip.Deals” that shows top flights, accommodations, and other travel deals, and “Trip.Trends” which features the most popular travel topics and events based on user searches. These dynamic compilations are finely tuned to user preferences derived from real-time data, providing a sneak peek into the future of travel planning in 2024.
For instance, in the “Trip.Deals” list, global users have shown particular interest in the following top 5 destinations:
- Hong Kong
Music festivals and theme parks lead the way for 2024’s global attractions
As we set our sights on 2024, the world of travel is embracing the fun trend of event tourism, with festivals and iconic theme parks emerging as the cornerstones of trips.
Theme parks specifically are poised for a stellar rise, having witnessed an impressive 65% increase in bookings in 2023 compared to 2019 levels. According to Trip.com data, these are the top 10 theme parks in 2023 globally:
- Hong Kong Disneyland
- Universal Studios Japan
- Ocean Park Hongkong
- Universal Studios Singapore
- Tokyo Disneyland
- Tokyo DisneySea
- Everland, Korea
- Universal Studios Hollywood
- LEGOLAND, Malaysia
- Adventure Cove Waterpark
Theme parks also made five of the top ten most popular attractions globally in 2023, with Singapore Zoo, Gardens by the Bay, The Peak, S.E.A Aquarium, and Osaka Aquarium Kaiyukan also making the top 10 list.
The arena of live entertainment, concerts and music festivals transcend borders, captivating audiences from every corner of the world. In our inaugural year of venturing into the concert category in 2023, Trip.com has already witnessed extremely positive outcomes. The category of “event+ticket” has become one of the most sought-after products on our platform. Globally, concerts and music festivals such as Jay Chou’s Carnival World Tour in Bangkok and Wang Leehom’s ONE concert in the same city were the top two most popular concerts respectively.
During Jay Chou’s Carnival World Tour in Bangkok, the search volume for Bangkok hotels experienced a notable surge of 175% in the week following the concert announcement (8-14 September), compared to the preceding week (1-7 September). Simultaneously, searches for air tickets to Bangkok exhibited a substantial increase of 213%. Furthermore, the number of hotel stay bookings in Bangkok on December 9 spiked by 129% when comparing the same two weeks. Additionally, flight bookings from China recorded a significant rise of 118%.
Concerts featuring international acts are anticipated to sustain their prominence as the most sought-after global events, promising a thrilling 2024 filled with unforgettable cultural experiences.
Here are the top 5 concerts and music festivals in 2023:
- Jay Chou Carnival World Tour Bangkok
- Wang Leehom ONE concert Bangkok
- Rolling Loud Pattaya
- Jacky Cheung Macau
- JJ Lin Hong Kong
The rise of sustainable travel and event tourism in 2024
Peering into the crystal ball for 2024, two pivotal trends look to be shaping the travel landscape: Sustainable travel and the ascent of event tourism. More than a numerical projection, these trends signify a shift in traveller consciousness and preferences.
According to Trip.com Group’s latest ESG report, more than 16 million customers have opted for low-carbon travel options, signalling a rising interest in eco-friendly exploration.
Trip.com Group’s low-carbon hotel standard initiative was also launched in 2023 with promising results. With over 1,500 partners shortlisted as low-carbon hotels, this suggests that sustainable accommodation is set to become a major trend.
Event tourism, encompassing concerts, festivals, and sporting events, is poised to gain momentum in 2024. With the eagerly anticipated 2024 Summer Olympics in Paris, the “ticket+hotel” category is expected to be a sought-after product, underscoring the growing importance of events in shaping travel choices.
As the story of travel evolves in the year ahead, Trip.com Group stands at the forefront, poised to guide adventurers into an era marked by exploration, innovation, and sustainability – to pursue the perfect trip for a better world.
About Trip.com Group
Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.
Shanghai’s Lujiazui adds 5 global asset management institutions
SHANGHAI, March 5, 2024 /PRNewswire/ — Five global asset management institutions, including Aspect Capital and Schroders Capital, have signed agreements to settle in Shanghai’s Lujiazui Financial City, said local authorities.
According to Xiao Jian, head of Lujiazui administration bureau under the China (Shanghai) Pilot Free Trade Zone, Lujiazui Financial City has so far attracted more than 8,000 financial institutions.
Lujiazui has become an important cluster for global asset management institutions in China. It now boasts about 80 percent of foreign-funded asset management institutions, 40 percent of foreign-funded corporate banks, nearly one-third of public fund management companies, and nearly one quarter of insurance asset management institutions of the total in the country, Xiao said.
More than 80 world-renowned financial institutions from 13 countries have established over 120 foreign asset management institutions in Lujiazui.
“Lujiazui is an important gathering place and business expansion place for global asset management institutions in China. We are very honored to have the opportunity to join the Global Asset Management Partner Program. We also hope that through this signing, we can contribute to building Lujiazui into the core area of a global asset management center and accelerating Shanghai’s entry into the forefront of global asset management center cities,” Li You, Chief Compliance Officer of Aspect Capital (China) Limited.
“Shanghai has made a great stride in pushing for financial openness and attracting more global financial institutions and investors. The next step could be to take advantage the special status of Shanghai Free Trade Zone and Lingang special area to develop an off-shore financial system, adopting the most advanced financial business models and regulatory regimes,” said Yan Hong, professor of finance of Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University.
LAMPRO International Distributor Summit: A Feast of Gathering and Future Prospect
-Focus On Pro, Pro For Mate–
HUIZHOU, China, March 5, 2024 /PRNewswire/ — On March 2-3, right on the 20th anniversary of the establishment of LAMPRO, the International Distributor Summit was successfully concluded in Huizhou. With the theme of “Focus On Pro, Pro For Mate”, the summit attracted more than 200 partners from all over the world, sharing the industry trend and advanced leading technology. During the summit, LAMPRO held an appreciation award ceremony and signing ceremony as well for partners to co-build a partnership system and create a brighter future together.
At the summit, Sichuan opera performances, band shows, and other entertainment sessions created a warm and comfortable homey vibe, so that every guest fully enjoyed the process. One of our partners even took the initiative to sing on stage.
To share business opportunities with partners and demonstrate the vision of prosperous development, LAMPRO has elaborately planned the “Tree of Dreams” launching ceremony and the 20th-anniversary sand painting video. In the beginning, Chairman Tiger Lin thanked all partners for choosing Unilumin and LAMPRO, and he emphasized, “It is vital to choose the right brand and bind with it, which will help you become an outstanding leader locally.” Afterwards, Mr. Lawrence Liu, General Manager of LAMPRO, shared the development strategy of LAMPRO partner system. The project director introduced and demonstrated LMini and other major product series in details, which greatly boosted the confidence of global partners.
Furthermore, to thank partners for their support and seek mutual development, LAMPRO also held an awarding session, a signing ceremony, and a visiting journey to the Daya Bay intelligent manufacturing base on March 3, which demonstrated the industry-leading intelligent manufacturing capabilities of LAMPRO and high quality of products. LAMPRO sincerely expects to establish a closer cooperative relationship with global partners. Partners said that they gained valuable friendship and cooperation opportunities at the summit, and highly recognized the manufacturing strength and product capability of LAMPRO.
Meanwhile, elaborately arranged lucky draws pushed the atmosphere to a culmination, in which prizes included electronic equipment of well-known brands. At the end of the dinner party, LAMPRO prepared unique souvenirs, including the 20th-anniversary mascot of LAMPRO, hoping to leave an unforgettable impression on every guest.
Looking ahead, we expect to share greater joys of success with more partners in subsequent distributor summits, create a bright future and display a better world together.
Aptoide launches campaign for a truly open digital market with new DMA website
LISBON, Portugal, March 5, 2024 /PRNewswire/ — Aptoide, the pioneer in global alternative Android app distribution, has launched a new campaign website, Leveling the game, including an Open Letter from the Aptoide founders, to demand full compliance from gatekeepers with the EU’s Digital Markets Act (DMA) and to urge regulators to take further action against anti-competitive practices by digital gatekeepers. Since 2011, Aptoide has been a vocal advocate for fair competition in the mobile app market, consistently challenging the market dominance of tech giants like Google.
With the March 2024 deadline for complete DMA compliance from gatekeepers set for this week, Aptoide sees this as a critical juncture for achieving true fairness in digital markets. However, the company also points out that significant obstacles remain, particularly with Apple’s recent DMA-related proposals, which include the introduction of a Core Technology Fee (CTF) and restrictive terms that limit developers’ access to alternative platforms.
“Aptoide has always advocated for a digital marketplace where innovation thrives and fairness reigns”, said Paulo Trezentos, Aptoide’s CEO and co-founder. “The DMA is a landmark step in that direction, but it’s clear that some tech gatekeepers are reluctant to let go of their stranglehold on the mobile industry. We must continue to push for reforms that will truly level the playing field”.
Aptoide argues that Apple’s proposed changes mostly serve to preserve its market dominance rather than to foster genuine competition, maintaining control by imposing disproportionate fees on alternative app stores and discouraging users from exploring non-Apple ecosystems through complex installation processes and misleading warnings.
Álvaro Pinto, co-founder and COO of Aptoide, added, “We’re at a crucial moment where the actions of regulators will determine the future of digital markets. Apple’s half-hearted reforms under the DMA are simply not enough. We need to ensure that the spirit of the DMA is not lost in loopholes and half-measures”.
In response to these challenges, Aptoide calls on EU authorities to hold Apple accountable and to demand that they:
- Eliminate or significantly reduce the CTF to reflect actual costs.
- Offer developers the freedom to choose between distribution models without restrictions.
- Simplify the app installation process for a better user experience.
- Apply the CTF fairly across all market participants.
- Remove misleading warnings about alternative payment systems.
- Ensure the confidentiality of data from competing marketplaces.
Aptoide believes that real competition can only emerge if the EU takes decisive action to enforce open market principles, leading to a digital marketplace that values fairness and innovation. And that the fight for an open digital marketplace is far from over and requires a united front. That’s why the company urges developers, consumers and regulators to join in demanding more from both Apple and Google.
Aptoide invites all stakeholders to visit their new DMA advocacy landing page, Leveling the game, to learn more about the ongoing struggle for an open digital world and to join the movement against the outdated monopolistic tactics of dominant gatekeepers.
Read the Aptoide Founders’ Open Letter about the DMA and what we need for real digital freedom here:
Aptoide is a game-changing app distribution and payment processing platform, with over 430 million users, 10 billion downloads and 1 million apps. Available on multiple channels including Android, Web, TV and automotive, Aptoide offers developers a trusted, experienced partnership with a deep understanding of all ecosystems.
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- LAMPRO International Distributor Summit: A Feast of Gathering and Future Prospect
- Aptoide launches campaign for a truly open digital market with new DMA website
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