Abacus International, a 22 year veteran of the travel industry and Asia’s leading travel facilitator, revealed at an exclusive Abacus media roundtable that emerging markets and new business practices that surfaced during the economic downturn will underpin growth and set the underlying trends for the year ahead. Abacus International President and CEO, Robert Mr Bailey, stated that along with other key industry players, Abacus had seen earlier-than-expected recovery with uptick in bookings registered since October last year: “The travel industry had seen some of the most difficult times in the past year but the green shoots we saw in the second half of the year continued to grow and closed the year with better-than-expected results.” The company ended the year with a 1% decline in overall bookings and is forecasting 3-5% growth in travel bookings for the first half of 2010. Emerging markets – one of the green shoots seen during the economic crisis – will continue to drive travel bookings up with IndoChina and Central Asia as key growth regions. Several other markets such as Nepal, Bangladesh and South Korea had also contributed to Abacus’ better-than-expected business results. The importance of the emerging markets was also highlighted in a… Read full this story
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