Asia Continues to Surge Ahead Despite New Variant in RateGain's PULSE report for June

International Arrivals from Americas and Europe contributing to bookings growth in India, UAE, Thailand and Indonesia

RateGain Travel Technologies, a global SaaS provider for travel and hospitality, in its June edition of PULSE report shares insights by analyzing demand from over 191000 hotels as well as monitoring future travel demand from over 60+ cities.

As per the report, while Month on Month travel bookings across Europe and Americas dipped as summer travel begins, demand continues to increase in Asia with travelers from Europe and Americas booking trips across India, UAE, Thailand and Indonesia for September.

One of the world's largest outbound market, China, started relaxing restrictions in June and it is expected that over one quarter outbound travel from China should start witnessing slow recovery.

India Bookings Continue to Go Higher

Bookings in India continue to increase Month over Month for the last five months, continuously growing since the last dip seen in January due to Omicron.

With schools closed for summer break, India's large cities witnessed a dip in bookings while tourist destinations continued to grow for the last three months.

Eid al-Adha sees a surge in travel bookings across Asia

India, Indonesia, Thailand and UAE witnessed a rise in bookings in June as travelers planned to visit during the Eid al-Adha break starting from 8th July. Jeddah, Sharm-El-Shaikh and Dubai saw bookings increase by over 75% month over month driven by demand for Eid and Haj travel.

Travelers from West Already planning International Travel to Asia

Analyzing incoming airline traveler forecasts for major Asian cities observed that demand is higher on an average by 200% compared to 2021. The analysis also highlighted that demand from Europe and American markets will grow by 5-7% month over month to destinations in India, Indonesia, UAE and Thailand, suggesting that travelers are already planning beyond the summer for their next trip - ignoring any negative impact of current macroeconomic trends across the globe.

Shares of Rategain Travel Technologies Limited was last trading in BSE at Rs. 300.45 as compared to the previous close of Rs. 304.35. The total number of shares traded during the day was 17290 in over 1101 trades.

The stock hit an intraday high of Rs. 305.45 and intraday low of 295.00. The net turnover during the day was Rs. 5194191.00.

Source : Equity Bulls

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RateGainTravelTechnologies INE0CLI01024 PULSEReport Tourism Bookings Hospitality TravelDemand