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Royal Caribbean Group discloses financial results for 2024

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Royal Caribbean Group released its 2024 financial results on 28th January, reporting Earnings per Share (EPS) of $10.94 and Adjusted EPS of $11.80 at the end of the year. 

These results were better than the company’s guidance due to stronger pricing on close-in demand and continued strength in onboard revenue, partially offset by higher stock-based compensation expense driven by an increase in the company’s stock price during the fourth quarter. 

The strong demand for the company’s vacation experiences continues to accelerate into 2025 with Adjusted EPS expected to be in the range of $14.35 to $14.65 per share. 

The guidance range includes a headwind of $0.65 related to foreign exchange and fuel rates, compared to the last earnings call. 

Royal Caribbean Group president and chief executive Jason Liberty attributed the company’s excellent performance to its team’s flawless execution which drove elevated demand across brands, along with the early achievement of the Group’s Trifecta goals, and meaningful progress with regard to key priorities.

Liberty said: “2025 is shaping up to be another great year, with expected adjusted earnings growth of 23 percent, as our commercial and vacation experiences flywheel continues to accelerate the growing preference for our leading brands, the most innovative ships and world-class private destinations. We are never satisfied with the status quo, and we are obsessed with delivering the best vacation experiences in the world and driving exceptional shareholder returns.”

How Royal Caribbean fared in 2024

Net Income for the fourth quarter of 2024 was $0.6 billion or $2.02 per share compared to Net Income of $0.3 billion or $1.06 per share for the same period in the prior year. 

Adjusted Net Income was $0.4 billion or $1.63 per share for the fourth quarter of 2024 compared to Adjusted Net Income of $0.3 billion or $1.25 per share for the same period in the prior year.  

The company also reported total revenues of $3.8 billion and Adjusted EBITDA of $1.1 billion.

Gross Margin Yields increased 13.8% as-reported, and Net Yields increased 7.3% in Constant Currency (7.0% as-reported) when compared to the fourth quarter of 2023. 

Load factor for the quarter was 108%, while Net Yield growth exceeded the company’s guidance mainly due to higher pricing across all key products and better onboard revenue.

Gross Cruise Costs per APCD increased 7.2% as-reported, compared to 2023. NCC, excluding Fuel, per APCD increased 13.5% in Constant Currency (13.4% as-reported), when compared to 2023, and includes 340 bps related to higher stock-based compensation expense driven by the increase in stock price, compared to prior guidance.

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Norwegian Cruise Line presents travel agents fresh options for any sort of traveller

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Norwegian Cruise Line (NCL) presents a broad variety of itineraries for 2025 with something to suit the diverse tastes of travel agency clients.

Developed with the rising interest in immersive experiences, Norwegian Cruise Line’s latest offerings are centred on its European and Caribbean seasons where travellers can enjoy everything from jaunts through historic locations to exceptional beachfront nightlife.

To entice would-be-travellers, Norwegian Cruise Line offers passengers impeccable on-board services, a greater amount of time in port to experience different locations, as well as exceptional leisure and dining experiences.

Where to go in 2025

Among the highlights of Norwegian Cruise Line’s 2025 offerings are journeys into the Greek Isles, the heart of the Mediterranean, and the diverse cultures of the Caribbean.

  • Greece: Santorini, Rhodes & Mykonos seven-day cruise aboard Norwegian Viva, round-trip from Athens (Piraeus) via Thessaloniki, Mykonos, Santorini, Bodrum, Rhodes and Heraklion (Crete), departs 10 August 2025, from £1,655pp;
  • The Mediterranean: Italy, France & Spain nine-day cruise aboard Norwegian Breakaway, round-trip from Barcelona via Cannes, Florence/Pisa (Livorno), Rome (Civitavecchia), Naples, Ibiza and Palma (Majorca), departs 19 September 2025, from £1,345pp; and
  • The Caribbean: Great Stirrup Cay & Dominican Republic seven-day cruise aboard Norwegian Aqua, round-trip from Miami via Puerto Plata, St. Thomas, Tortola and Great Stirrup Cay, departs 11 January 2026, from £990pp.

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Rotorua, Hei Āhuru Mōwai Māori Cancer Leadership Aotearoa to host World Indigenous Cancer Conference

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Rotorua and Hei Āhuru Mōwai Māori Cancer Leadership Aotearoa are bringing indigenous voices, knowledge, and innovations to the world’s attention as they are slated to host the World Indigenous Cancer Conference (WICC) 2026.

This landmark event is expected to draw in 600 health professionals, researchers, clinicians, and advocates from around the globe to Aotearoa New Zealand to collaborate on culturally grounded solutions for cancer care.

Now in its fourth iteration, the bi-annual conference provides a unique platform for Indigenous communities to address the disproportionate cancer burden they face, identify research priorities, and exchange transformative approaches tailored to their unique needs.

Government support for a historic event

The successful bid to host the 2026 conference was led by Hei Āhuru Mōwai, with support from Tourism New Zealand Business Events and RotoruaNZ.

Hei Āhuru Mōwai CEO Gary Thompson emphasises the significance of Indigenous representation in driving global solutions.
He said: “Aotearoa New Zealand has a wealth of knowledge to share in Indigenous cancer care, including Māori providers delivering hauora services. Hauora, our Māori view of health, embraces the physical, mental, social, and spiritual dimensions of well-being, placing whānau (family) at the heart of care.”

Thompson added that this holistic approach ensures that hospital cancer services and community providers are seamlessly connected to improve outcomes for our people. 

Through this conference, his organisation seeks to share these innovations with other Indigenous nations while learning from their experiences to foster mutual growth and collaboration.

A unique focus

Thompson likewise highlighted the stark inequities faced by Māori, who are more likely to be diagnosed at later stages and experience poorer outcomes compared to non-Māori.

He said: “This conference is about solutions: turning these disparities around and empowering Indigenous communities worldwide. We aim to build a strong international network of Indigenous cancer leadership and formalise our collective efforts through the WICC.”

The conference will be structured around Māori tikanga (protocols), values, and storytelling, ensuring Indigenous perspectives are embedded in every aspect of the event. 

Beyond academic and scientific presentations, the programme will celebrate Māori culture, incorporating Rotorua’s world-renowned attractions and authentic cultural experiences to provide delegates with a meaningful and enriching visit.

Into the heart of Rotorua

Thompson added: “We were adamant that this conference be held in Rotorua. It’s one of the major cultural centres of Aotearoa, and as an Indigenous conference, it’s vital to host it in a vibrant environment that reflects our heritage. This is a unique opportunity to showcase the incredible work we’re doing here, while sharing our culture and stories with the world.”

RotoruaNZ business events manager Vanessa Wallace, Business Events Manager said: “By hosting this conference, Rotorua proudly showcases its rich Māori culture, offering delegates an authentic and immersive experience in a city that celebrates its heritage.

She added that the event will generate significant economic opportunities for Rotorua, with local businesses benefiting from increased tourism and engagement, ensuring long-term growth for the region.

The influx of 600 health professionals with their families in April 2026 is expected to deliver an estimated economic benefit of NZ$1 million.

For her part, Tourism New Zealand global manager for business events Penelope Ryan added: “Hosting the World Indigenous Cancer Conference will enhance New Zealand’s reputation as a leader in Indigenous knowledge and innovation. Additionally, it supports year-round tourism to New Zealand by bringing international visitors to our shores in April, after our peak summer season.  I hope the delegates get a chance to enjoy our manaakitanga and all that Aotearoa New Zealand has to offer while they are here.”

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Japanese tour bus operator Kochi Ekimae Kanko to launch double-decker sleeper bus service

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Japanese bus operator Kochi Ekimae Kanko announced that it will commence the country’s first-ever double-decker sleeper bus service from 4th March.

The new service will ply a direct route between Tokyo and Kochi, a city on the southern island of Shikoku.

Referred to on Kochi Ekimae Kanko’s website as a mobile capsule hotel, the service was created for domestic travellers who are shying away from the way hotel costs have risen due to the surge in foreign inbound tourism.

As an introductory offer, the one-way cost per overnight trip is at just US$47; note that this is a limited-time offer.

All aboard the Sommeil Profond

Named Sommeil Profond, French for deep slumber, the new service comes on the heels of the Japanese Ministry of Land, Infrastructure, Transport and Tourism’s implementation of safety regulations for bus operators running overnight routes in November of last year.

True to its name, Sommeil Profond will enable passengers to arrive fully rested at their destination, attend the event they need to be at, and head back without needing to book accommodation in either Kochi or Tokyo.

The road trip stands to run for 13 hours at the most.

Kochi Ekimae Kanko officials say they expect the highest demand from younger travellers who are heading out to attend one-day / one-night-only events such as concerts or conferences.

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Spend Valentine’s at the newly launched Corinthia Brussels

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This Valentine’s Day, couples looking for a sophisticated, art-filled and memorable celebration are invited to indulge in a luxurious weekend in Brussels, effortlessly reachable from London in just two hours via Eurostar. Known as The City of Art Nouveau – with some of the most impressive buildings and museums dedicated to this movement, which started in the city – Brussels is also celebrating the 100th anniversary of Art Deco in 2025, with events throughout the year. Art lovers can stay at the newly opened Corinthia Brussels, the restored grande-dame hotel of the city built in the Art Nouveau style, first opening in 1910. With its opulent rooms and suites, exquisite dining offers, including the highly artistic Palais Royal, indulgent spa treatments featuring Sisley, and the enduring charm of Belgium’s capital, it sets a new standard for elegance and romance in Brussels.

As part of this year’s Art Deco celebration, on Valentine’s Weekend, there will be a Dare to Sing/Dare to Love singing workshop, where guests will learn opera arias by Bizet and Monteverdi, in the Art Deco La Monnaie, one of the most prestigious cultural institutions in Brussels.

Romance in Bloom

The Corinthia Brussels offers its “Romance in Bloom” package, designed to create a serene and intimate retreat. Guests are welcomed with a bottle of Ruinart Champagne and a stunning floral arrangement crafted by Belgian florist Daniel Ost. The experience continues with a 60-minute body treatment per person at the Corinthia Spa featuring Sisley, a tranquil haven in the heart of the city. To complete the stay, an exquisite breakfast served in the heritage ballroom, Salon Elisabeth, and a Sisley Black Rose collection gift are prepared in the room, ensuring every detail reflects the hotel’s signature sophistication.

Elevated Dining Options and Experiences

Palais Royal – Guests can indulge in an artistic gourmet dining experience with an 11-course menu at Palais Royal, which offers an exclusive Valentine’s menu. Chef David Martin’s plates are a real work of art, as he allies design and culinary excellence. This journey starts with dishes elevating delicate ingredients like truffle and caviar and finishes with the chef’s signature Lemon Soufflé. The menu is available for lunch on 14th February and both lunch and dinner on 15th February for €250.

Le Petit bon bon – Le Petit bon bon provides a contemporary dining option with a Valentine’s menu crafted by Chef Christophe Hardiquest. Alongside an à la carte selection, the 4-course Valentine’s Day menu starts with homemade foie gras, followed by scallops from Dieppe, gratinated with Champagne and ends with a pink praline floating island. Reservations can be made for lunch on 14th February and for lunch or dinner on 15th February for €110.

Casual Elegance at Palm Court – The Palm Court at Corinthia Brussels offers an inviting space to enjoy special Valentine’s desserts and expertly crafted cocktails. This relaxed yet sophisticated setting is perfect for a leisurely afternoon, or an evening cocktail, A Lover’s Punch or mocktail, The Very Valentine, crafted by the award-winning Mixologist Hannah van Ongevalle.

 

 

 

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Asia Pacific Airlines carried 365.0 million international passengers in 2024, representing a 30.5% increase vis-à-vis 2023: AAPA

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Representative Image

 

Preliminary traffic figures for the full calendar year 2024, were released by the Association of Asia Pacific Airlines (AAPA), revealed strong growth in both international air passenger and cargo markets. The increase in flight frequencies alongside network expansions supported solid growth in travel demand, while robust ecommerce activity and disruptions to maritime shipping drove air cargo volumes higher.

In aggregate, Asia Pacific airlines carried a combined total of 365.0 million international passengers in 2024, representing a 30.5% increase compared to the previous year. Demand as measured in revenue passenger kilometres (RPK) increased by 28.0%, reflecting relative strength on regional routes. After accounting for a 26.6% expansion in available seat capacity, the average international passenger load factor rose 0.9 percentage points higher to 81.6% for the year.

International air cargo markets recorded healthy growth in 2024, after two years in decline. Demand as measured in freight tonne kilometres (FTK) rebounded with a solid 14.9% increase for the year, slightly outpacing a 14.6% growth in offered freight capacity. As a result, the average international freight load factor rose by a marginal 0.2 percentage points to 61.0% in 2024.

Commenting on the results Subhas Menon, AAPA Director General, said, “2024 was a strong year for Asia Pacific airlines. The post-pandemic recovery on North East Asia routes, helped by the relaxation of visa policies, together with overall healthy demand across the region, drove growth in both leisure and business travel markets. This resulted in a 30.5% increase in the number of international passengers carried for the year, reaching a total of 365 million. Consequently, the region’s carriers achieved a record-high international passenger load factor of 81.6% in 2024, amidst capacity constraints stemming from ongoing supply chain shortages and delays in aircraft deliveries.”

Menon added, “Despite weakness in the global manufacturing sector, Asia Pacific carriers saw significant growth in their air cargo business, driven by a surge in e-commerce sales and the region’s role as a manufacturing hub, particularly in China. Persistent disruptions in maritime shipping also encouraged a modal shift in transport, contributing to the 15% growth in international air cargo demand for the year.”

Looking ahead, Menon concluded, “The outlook for air travel markets in 2025 remains broadly positive, although growth rates are expected to moderate further. However, airlines continue to face challenges, including rising labour, maintenance, and aircraft leasing costs, as well as operational pressures due to ongoing delays in aircraft deliveries. To navigate these challenges, airlines are focusing on active cost management and seeking the commitment of equipment suppliers to address supply chain problems, while continuing to invest in growth opportunities.”

 

 

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Cost concerns weigh in key markets for international travel plans to Europe in 2025: LHTB

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Stunning view of famous Hallstatt mountain village with Hallstatter lake. Hallstatt, Salzkammergut region, Austria,

 

Long-haul travel sentiment globally and to Europe has weakened for 2025, as reported in the latest Long-Haul Travel Barometer (LHTB) 1/2025, published by the European Travel Commission (ETC) and Eurail BV. This report provides valuable insights into long-haul travel sentiments for 2025, along with trends and plans for the year’s first four months. The barometer reveals cautious travel intentions, driven by affordability concerns and changing preferences, but also highlights opportunities to enhance Europe’s global competitiveness by better managing its tourism assets.

The report shows that 63% of respondents across key overseas markets – Australia, Brazil, Canada, China, Japan, South Korea, and the United States – intend to travel long-haul this year. Among them, 44% plan to visit Europe, highlighting its strong position despite current challenges. However, this reflects a decline from 49% in 2024, with weakening sentiment reported in markets such as South Korea, the US, Brazil and Australia. In contrast, Chinese travellers demonstrate growing interest, with 61% intending to visit Europe in the next twelve months.

Affordability remains the most significant barrier to international travel, cited by 46% of respondents not planning a European trip. In addition to affordability, travellers cited interest in visiting other overseas regions or limited vacation time as factors influencing their plans.

Miguel Sanz, President of ETC, commented: “The findings highlight the ongoing challenges of maintaining Europe’s competitiveness as a global destination in an increasingly saturated market. To remain a top choice for international travellers, Europe must focus on managing Brand Europe strategically. By tracking consumer trends, promoting more competitive off-season and off-the-beaten-path travel options, and improving sustainable connectivity, Europe can offer richer, more rewarding travel experiences to our visitors”.

Safety Shapes Destination Choices

Safety remains the most important factor when choosing a destination, followed by iconic landmarks and well-developed infrastructure. This report explores travellers’ perceptions of safety for the first time. According to long-haul travellers, the top factors that make a destination safe are low crime rates, clean and well-maintained tourist establishments, visible security, political stability and friendly locals.

Travellers from each market tend to define safety differently. While political stability is viewed as paramount by travellers from certain markets, such as Japan (57%), Australia (44%), and Canada (42%), visible security takes precedence in others, especially in South Korea (55%), Brazil (51%), and China (42%).

Navigating Crowded Hotspots

Europe’s iconic attractions remain a major draw for international travellers in 2025, often leading to overcrowding, especially during peak seasons. Survey results indicate that long-haul travellers remain flexible in such situations—nearly one-third would adjust their plans to visit at quieter times, 28% would proceed despite long queues, 25% would explore less crowded areas within the destination, and only 5% would consider changing destinations entirely. These insights highlight the need for better travel flow management across Europe to ease congestion while boosting alternative destinations economically.

Multi-Destination Travel Gains Momentum

Despite affordability challenges, travellers are showing a growing preference for multi-destination trips. The report shows that 94% of respondents planning to visit Europe in the first four months of 2025 intend to explore more than one country. On average, long-haul travellers are looking to visit 3.4 countries, with South Korean travellers leading the trend, aiming to visit an average of 5.2 countries per trip. This trend is growing across all key markets, especially among Australian travellers, who have seen a 15% increase from 2024. The shift highlights the appeal of Europe’s connectivity and the need to ensure more seamless and sustainable transport options for travellers.

Evolving Budget and Experience Priorities

The report also highlights changing spending habits. In the first four months of 2025, 42% of respondents plan to allocate between €100 and €200 per day, showing a 14% increase compared to the same period last year. Meanwhile, the percentage of travellers planning to spend over €200 per day has decreased to 30%, reflecting a 13% decline.

Food and drinks are emerging as the top spending category for most travellers (67%). However, market priorities vary: for Chinese travellers, shopping leads their budget (67%), while for US travellers, accommodation ranks second (55%), significantly higher than in other markets (24%). This highlights the diverse spending preferences across key markets.

 

 

 

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Amex GBT and Lufthansa Group expand partnership to accelerate NDC rollout

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American Express Global Business Travel (Amex GBT) has announced an enhanced agreement to expand and accelerate availability of new distribution capability (NDC) fares with Lufthansa Group (LHG). 

John Bukowski, Amex GBT’s Vice President, Content Acquisition & Strategic Sourcing, said: “This new agreement reflects our joint commitment with Lufthansa Group to create more value for our corporate customers by enabling NDC content at scale while supporting the integrity and strength of their corporate travel programs.”

Heinrich Lange, Lufthansa Group’s Vice President Digital Retailing, said: “We are excited to strengthen our continued partnership with Amex GBT, as we work together to deliver robust, NDC-enabled solutions for our joint corporate customers. This collaboration empowers us to enhance servicing capabilities, offering a seamless and personalized experience, while providing better value fares and exclusive offers.”

Amex GBT has been pioneering NDC implementation in corporate travel for more than five years – in 2019 becoming the first travel management company (TMC) to connect to global distribution systems (GDSs) for online NDC content.

Amex GBT currently has more than 20 carriers in its NDC program, with NDC content available to more than 15,000 of its customers, and NDC sales in 2024 into the hundreds of millions of dollars, across 16 point-of-sale countries.

The partnership with Lufthansa Group has shown exceptional growth, with NDC-enabled content currently available to Amex GBT customers in multiple countries across Europe, generating millions of dollars of Lufthansa Group NDC sales in 2024.

The renewed, expanded agreement will accelerate NDC content availability across Amex GBT’s proprietary platforms, offline booking, and third-party booking tools. The partnership emphasizes delivering enhanced customer value through NDC, including access to NDC-only rates and special promotions with Lufthansa, Swiss International Airlines, Brussels Airlines, Austrian Airlines and Discover Airlines.

 

 

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Lufthansa extends A380 service to Bangkok till 25th April

The post Lufthansa extends A380 service to Bangkok till 25th April appeared first on TD (Travel Daily Media) Travel Daily Media.

German flag-carrier Lufthansa announced that it is extending its Airbus A380 service from Bangkok to Munich till 25th April for the peak Songkran holiday season. 

In response to growing demand during this key travel period, Lufthansa will operate its flagship aircraft on this route, offering passengers a luxurious and comfortable flying experience between the two major cities.

Lufthansa vice-president for the Asia Pacific and joint ventures in the east Felipe Bonifatti said: “We are excited to extend our A380 service on the Munich-Bangkok route during the Songkran holiday season. The A380 offers unparalleled comfort and capacity, and we are confident that our passengers will appreciate the extra space and top-tier service as they travel during the busy Thai New Year period.”

Lufthansa’s decision to continue the deployment of the A380 for the Songkran season follows the airline’s continued commitment to enhancing the travel experience for its passengers. 

With its wide-body design and cutting-edge technology, the Airbus A380 is ideal for long-haul flights, offering passengers an elevated level of comfort when flying with the national airline of Germany.

Comfort in the skies

The A380, known for its spacious cabins, cutting-edge amenities, and state-of-the-art technology, will be deployed for additional flights starting in early April 2025, coinciding with the annual Songkran Festival in Thailand. 

As one of the most significant cultural events in Thailand, the Songkran holiday attracts millions of travelers both domestically and internationally. 

Lufthansa’s decision to extend its A380 service aims to provide travelers with enhanced capacity and superior comfort during this busy travel period.

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Get your queries reverted to in Korean on DOT’s tourist hotline

The post Get your queries reverted to in Korean on DOT’s tourist hotline appeared first on TD (Travel Daily Media) Travel Daily Media.

Beginning in February, tourists can access support from Korean-speaking agents through the Department of Tourism’s (DOT) expanded Tourist Assistance Call Center (TACC). The DOT made the announcement on Saturday (Feb 1) on the expansion of the tourist hotline to provide Korean-speaking support, reflecting the Department’s commitment to enhancing service for travelers from South Korea, the country’s largest source of inbound tourists. 

Inquiring travellers can now receive direct assistance from a dedicated Korean-speaking agent available Monday to Friday, from 8:00 AM to 5:00 PM (Philippine Standard Time).

 “As South Korea continues to be our top inbound market, this initiative ensures that Korean travellers can easily access assistance, allowing them to fully enjoy the warmth, hospitality, and attractions that make the Philippines a  destination to love,” stated Tourism Secretary Christina Garcia Frasco. “In alignment with President Ferdinand Marcos Jr.’s vision of a digitally empowered government, the DOT is dedicated to improving its platforms to deliver accessible, efficient, and world-class service to all tourists, both domestic and international.” 

This enhancement aligns with the government’s broader goal of digitizing public services, promoting a seamless, responsive, and tech-driven approach to tourist assistance. 

The TACC has facilitated over 13,502 transactions as of January 30, 2025, servicing tourists from 71 different nationalities, with the Philippines, the United States, and Australia being the most represented. Common inquiries include general tourism questions, travel and tour services, DOT accreditation, and career opportunities. 

A flagship program of the DOT under Secretary Frasco, the TACC was recognized as one of Asia’s premier customer support platforms, and was recently awarded “Best in Service – Customer Support (Regional Level)’ award at the prestigious Asia Best of Best Awards 2024 at Westin Dubai, Mina Seyahi Beach Resort & Marina, Dubai UAE.  

In its ongoing commitment to tourist convenience and inclusivity, “the DOT is working to expand multilingual support services including Mandarin and other languages for a more diverse range of travelers. We understand the role of language accessibility in creating a smooth and enjoyable travel experience,” added Secretary Frasco.  

In 2024, the Philippines welcomed 1,574,152 visitors from South Korea, representing an 8.1% increase from 1,455,977 arrivals in 2023. This figure also indicates a 2.5% growth compared to the 1,539,402 arrivals in 2019, demonstrating a complete recovery that has surpassed pre-pandemic levels. South Korea remains the Philippines’ largest source of foreign visitors, capturing over 26.46% of the total tourist arrivals.

 

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