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ITB Asia News 2018 - Day 3 Edition

2 FLOOR PLAN Stand No.

2 FLOOR PLAN Stand No. L31 Stand No. H40 Stand No. G05 ITB ASIA NEWS • Friday 19 October 2018

NEWS 3 PREFACE Simon King Associate Editor Asia’s “home of the industry” The ITB Asia brand continues to march forward and this year’s 11th edition of the show has once again reinforced its essential nature. Central to the success of ITB Asia are the organisers’ attempts to keep the show fresh with the development of new areas or zones. Among the innovations that Messe Berlin (Singapore) has brought to this show is the launch of a dedicated Muslim Pavilion, including the Muslim Travel Showcase. It is highly encouraging also that countries such as Thailand, Japan and Korea are starting to target the Muslim travel segment, developing products tailored to the needs of Muslim travellers. Globally, a number of travel companies are leading the way in Halal tourism by offering unique experiences to Muslim travellers, but travel agents and hoteliers still have a lot to do to accommodate all groups. Walking around the halls, it’s been inspiring to see so much active dialogue and stands bursting at the scenes as buyers seek out the latest news and ideas from exhibitors. ITB Asia has truly found a place in the industry’s heart. ITB ASIA NEWS is a CLEVERDIS Publication. 65 av. 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If any of these risks or uncertainties materialises or any of these assumptions proves incorrect, actual results could differ materially from the expectations outlined in these statements. Cleverdis assumes no obligation and does not intend to update these forward-looking statements during the period of publication. Photo Credits and Copyright: All Rights Reserved. Kurt Knackstedt Co-Founder and CEO, Troovo Travel tech tops agenda @ ITB Asia With technology driving business efficiencies and adding value to the offering of savvy travel businesses, this year’s ITB Asia has, more than ever, been focussed on what’s hot in the tech world. As a partner at the MICE & Corporate Hub, Troovo, a leading Robotic Process Automation solutions provider, joined ITB Asia to tackle the positive impact of virtualisation and robotics for the travel industry. Exploring the endless possibilities of the virtual world and utilising them to expand the possibilities of the actual world, Troovo provides solutions on virtual payments, automating workflow and simplifying data process in corporations. As a strong believer in automation to enable greater productivity and higher profitability, Troovo’s Co-Founder and CEO, Kurt Knackstedt, hosted a one-hour session yesterday to discuss how we can take away the laborious task of data entry and grunt work of processing travel and payment transactions. Sharing further insights, he drew on his experience which spans over 20 years and 4 continents, across technology, travel, procurement, leadership and marketing roles at multinationals, start-ups and his own consulting business. Knackstedt says Troovo is excited to be a part of ITB Asia, as the Asian region is rapidly pushing ahead with new technologies and strategies for travel: “As a technology company also driving a new direction for the industry, it’s key for us at Troovo to help shape and lead the discussion about why travel needs to continue to embrace disruption and new ideas to keep our industry fresh and forward-thinking”. Impressive growth in the travel industry has been a result of travel tech start-ups launching and the speed of innovation in travel technology. According to “The State of Travel Start-ups 2017”, there were 1,497 digital start-ups around the globe which attracted nearly US$62 bn in funding, almost double from the previous year. Technology in travel is thus growing fast and rapidly changing the way in which we travel. Taking 8% of global travel tech share, China has accounted for over a quarter of funding to the travel tech industry since 2013. Top technology and travel companies from across the globe, including, Egencia, Fliggy, Hotelbeds Group, Kayak, Microsoft, Sabre, SITA, Skyscanner, Tencent, Travelport and Tujia have joined this year’s show with senior representatives, from Vice President to C-Level, on the stage talking about which technologies will truly transform travel. ITB ASIA NEWS • Friday 19 October 2018