[Press Release] TIDESQUARE to Host ‘WiT Seoul 2025: The Next 20’

[Press Release 202509]Korea’s Only Travel Distribution, Marketing and Technology Conference Tidesquare to Host ‘WiT Seoul 2025: The Next 20’ Launched in 2016 as Korea’s only travel distribution, marketing and technology conference To be held on November 27 at the Fairmont Ambassador Seoul Hotel Global companies and experts including Google, Korean Air, Agoda, and HanaTour to participate Early bird discount of about 20% available until October 24 Travel tech company Tidesquare will host WiT Seoul 2025: The Next 20, Korea’s only travel distribution, marketing and technology conference, on November 27 at the Fairmont Ambassador Seoul Hotel.WiT Seoul is an event bringing together domestic and international travel industry leaders and representatives to discuss key industry issues and future strategies. Since its launch in 2016, it has established itself as a core conference connecting the domestic and global travel industries, and is recognized for its influence within the Asia-Pacific region.The theme of this year’s WiT Seoul is “The Next 20.” If the past 20 years of innovation were led by the internet, mobile, and social media, the next 20 years are expected to be shaped by artificial intelligence (AI) as the key turning point. Sessions will explore forward-looking discussions such as ▲ how AI will change the search and booking experience ▲ the role of travel intermediaries ▲ the re-examination of human values amid technological progress ▲ and a new travel renaissance created by the convergence of science and art.Speakers from leading global and domestic companies including Google, Korean Air, Agoda, Incheon Airport, and HanaTour have confirmed participation. The final speaker and session lineup will be announced mid-October.At the event venue, booths will offer first-hand experiences of the latest services including travel AI technology, cloud, and payment solutions. After the conference, a networking program with attendees and speakers will provide opportunities for practical information exchange and new business partnerships.Yoon Min, CEO of Tidesquare, said: “WiT Seoul is an important venue where industry leaders gather to discuss the future and collaborate. Looking ahead to the next 20 years, we want to emphasize a human-centered approach. We expect this conference to actively foster the sharing of new ideas and visions.”Tickets for WiT Seoul 2025 are available exclusively online. Registrations completed by October 24 will receive an early bird discount of about 20%. More details are available on the Tidesquare website and the official WiT Seoul website (www.witevents.com/witseoul).Last year’s WiT Seoul 2024: NEXT GENERATION, co-hosted by Tidesquare* and WiT (Web in Travel)*, welcomed over 450 leaders, experts, and industry participants, including Korean Air, MyRealTrip, Agoda, HanaTour, AWS, and Phocuswright. Tidesquare / www.tidesquare.com Tidesquare is a travel tech company that provides differentiated travel services with specialized technology. Since 2010, it has operated the premium brand “PRIVIA Travel,” establishing a unique presence, and expanded its market share in OTA and business travel by acquiring SK Tourvis. Rapidly growing since its founding, it became the No. 3 comprehensive travel agency in Korea (based on BSP, November 2022). Tidesquare leads new trends in travel technology through partnerships with top platforms such as Kakao Mobility, SKT, and Naver, and by becoming the first in Korea to receive certification for the next-generation air distribution standard NDC.WiT / www.webintravel.com Founded in 2005, WiT (Web in Travel) is a news portal focused on travel industry technology, distribution, and marketing, and also organizes related conferences. Each year, WiT conferences select themes relevant to the travel industry and are held in cities worldwide including Singapore, Tokyo, Seoul, Dubai and Capetown.  

2025-09-29

[Notice] WiT Seoul 2025 CONFERENCE

2025-09-22

[Press Release] TOURVIS, the First in Korea to Implement NDC with Finnair

[Press Release_202506]     Exclusive European Deals and Waived Fees to Enhance Customer BenefitsTOURVIS, the First in Korea to Implement NDC with Finnair -       Real-time service and fare offerings through direct NDC integration -       Highest number of NDC airline integrations among Korean OTAs -       NDC-exclusive offers including special fares on domestic Finnish routes and low-cost European fares  TOURVIS, a leading online travel platform, announced its successful launch of Korea’s first New Distribution Capability (NDC) integration with Finnair, the national airline of Finlan.d This milestone introduces a more convenient and cost-effective booking experience for travelers booking Finnair flights via TOURVIS. Exclusive Benefits through Direct NDC ConnectionAs of June 24, 2025, TOURVIS has become the first travel platform in Korea to directly connect with Finnair using the IATA-certified NDC standard. NDC is a next-generation airline distribution protocol established by the International Air Transport Association (IATA) to streamline and enhance the connection between airlines and travel platforms.This direct integration enables TOURVIS users to access a full suite of Finnair services in real time, including faresearch, seat selection, in-flight meal reservations, and complimentary onboard Wi-Fi. The EUR 15 (approx. KRW 20,000) surcharge previously applied under the legacy EDIFACT system is now waived, and customers can enjoy Finnair NDC-exclusive fares—including domestic flight deals within Finland and ultra-affordable “Light” and “Superlight” fares across Europe. The Highest Number of Airline Integrations Among Domestic OTAsSince 2018, TOURVIS has been at the forefront of airline distribution innovation by successively obtaining IATA’s NDC Capable Level 3 certification and NDC Aggregator Level 4 certification. In 2019, TOURVIS became the first in Korea to launch directly connected NDC content, further cementing its reputation for technology-driven travel services. As of 1H 2025, TOURVIS has completed direct NDC connection with a total of 13 airlines, including Lufthansa, Singapore Airlines, Emirates, and American Airlines, achieving the highest number of integrations among domestic OTAs. Notably, in July 2024, TOURVIS became the first in Asia to directly connect with Air France-KLM, once again proving its technical leadership and collaborative capability with global airlines. Strengthening Partnership and Customer-Centric StrategyDong-hwan Kim, Country Manager of Finnair Korea, stated, “Finnair considers NDC a core strategy for modernizing airline distribution and is continuously expanding it. We are pleased to have implemented NDC with a trusted partner like TOURVIS.”TOURVIS CTO Seung-il Hong said, “The direct connection with Finnair is the result of our efforts to provide more benefits and options to customers,” and added, “We will continue to enhance the travel experience through technological innovation.” * TOURVIS (www.tourvis.com)TOURVIS is an online travel platform launched in January 2000, offering various services, including flights, hotels, tours, and tickets worldwide through direct contracts and partner affiliations. With differentiated technology, TOURVIS became the first in Korea to apply the next-generation airline distribution technology standard (NDC) in 2019. TOURVIS has proved to be a trustworthy brand by providing selected services in partnerships with luxury hotel memberships, holding 99% of Japan/Europe transport passes, and offering Korean Air mileage accumulation.  

2025-06-24

[Notice] 2025 Tide Square New Year’s Greetings

2025-01-03

[Press Release] WiT SEOUL 2024_Global Travel Leaders’ Session Lineup Confirmed

WiT SEOUL 2024, Global Travel Leaders’ Session Lineup Confirmed - Korea's only travel distribution, marketing and technology conference to celebrate the 7th event since its inception in 2016- Scheduled for November 26-27, 2024, at the Fairmont Ambassador Seoul Hotel- Highlighting emerging technologies, influential leaders, new content and more under the theme of ‘NEXT GENERATION’- Featuring travel industry leaders from Korean Air, Hanatour, AWS, Agoda, MyRealTrip, and Korea Tourism Organization - Enhanced sessions featuring travel data companies such as Phocuswright, Cirium, and ConsumerInsight     The global travel technology and marketing conference, WiT Seoul 2024, co-hosted by travel tech company TIDESQUARE and WiT, will be held at the Fairmont Ambassador Seoul Hotel on November 26-27.Since its inception in 2016, ‘WiT Seoul’ has brought together influential industry leaders and experts worldwide to discuss global travel industry trends and engage in meaningful discussions. This year, more than 50 leading travel companies—including Korean Air, MyRealTrip, Agoda, Hanatour, AWS, Klook, Phocuswright, and Cirium—have confirmed their participation, generating high expectations for the event. Under the theme of ‘NEXT GENERATION,’ the conference will feature various sessions and panel discussions centered on generational shifts in travel distribution, marketing, and technology, while also highlighting emerging leaders and new content in the industry. November 26: 2024 K-Travel Tech SummitDay one will see the return of the ‘K-Travel Tech Summit,’ jointly organized by WiT Seoul, Ministry of Culture, Sports and Tourism, and Korea Tourism Organization to support domestic travel tech startups' growth and global expansion. This year’s summit will feature presentations from companies like Orange Square, Creatrip, and Lala Station which have grown into global companies through the Korea Tourism Organization's tourism support programme. These sessions are expected to provide valuable insights for startups aiming to expand internationally. Moreover, the program will include diverse sessions on travel technology, starting from an entrepreneurship story from the CEO of Section L - a Tokyo-based apartment accommodation brand, to a presentation from travel industry research firm Phocuswright on global travel startup trends.Building on the favorable response from last year, the startup pitch stage with global investors will expand from five to ten teams. After the pitch presentations, two standout teams will be selected on-site for further support in their international expansion efforts, setting the stage for the competitive atmosphere among the participating startups.In addition, there will be a unique session by designer RIEUL, who was recognized in 2023’s Forbes 30 under 30 and gained attention for designing the hanbok suits worn by BTS. November 27: NEXT GENERATION Main StageDay 2 will feature a series of sessions on travel-related sectors including flights, hotels, tours and activities, online travel agencies, and marketing. In the airline sector WiT founder Yeoh Siew Hoon will facilitate insightful discussions with leaders from Delta Air Lines, Scoot, and Expedia Group in the 'Airlines in Transition' session, while in the hospitality sector, Timothy-Hughes, Vice President of Corporate Development at Agoda, will lead the 'Transforming Hospitality' session alongside leaders from Fairmont Ambassador Seoul, Airbnb, Rakkojae, and Hotel Lotte.For a particularly in-depth dialogue, the Coffee Chat session will feature in-depth discussions with distinguished Korean travel industry leaders, including Kee Hong Woo, President of Korean Air, and Mi Sun Song, CEO of Hana-Tour.In addition, discussions on next-generation social media platforms will feature leaders from TikTok, X(formerly known as Twitter), and Tripbtoz, while prominent travel companies such as MyRealTrip, Klook, Very- Good Tour, Trip.com, and Booking.com will participate in a variety of engaging sessions led by industry experts. A cocktail reception will follow each day's conference, providing attendees with informal networking, information sharing, and relationship-building opportunities. Tickets for the conference can be purchased online until November 25. For more details, please visit the official ‘WiT Seoul 2024’ website at https://www.witevents.com/witseoul.//TIDESQUARE / www.tidesquare.comTIDESQUARE is South Korea’s leading technology focused travel agency and operator of OTA brand “Tourvis” and #1 premium OTA brand “Privia Travel”. Established in 2009, TIDESQUARE is a top 3 BSP travel agent (Nov. 2022 BSP ranking) with a strong network of global and local partnerships with industry-leading platform operators such as Kakao Mobility, SK Telecom, and Naver, and leads the way in travel technology with Korea’s first NDC certification for next-generation airline standards. WiT / www.webintravel.comWIT is a content, events and community platform for anyone passionate about the online travel space in Asia Pacific.  It comprises the signature WIT Conference in Singapore, WIT editions in Tokyo (Japan & North Asia), Seoul (South Korea), Dubai (Middle East), Cape Town (Africa) and Amsterdam (Europe), a news portal, WiT Podcast and WiT Virtual.  Founded in 2005 by Yeoh Siew Hoon, it is now part of the Northstar Travel Group. Since its establishment in 2016, WiT Seoul has continued to grow, with more than 120 travel related companies and 37 domestic and foreign influential speakers attending each year.    

2024-11-05

[TRAVEL NEWS] WiT Seoul 2024 CONFERENCE

2024-09-19

[Press Release] TOURVIS, the First in Asia to Implement NDC with Air France-KLM!

[Press Release]TOURVIS, the First in Asia to Implement NDC with Air France-KLM! Special Promotions with Discounted Fares and Waived Ticketing Fees on All Routes - The first in Asia to implement NDC with Air France-KLM- Lowest fare real-time confirmation and ticket issuance for Air France and KLM Royal Dutch Airlines - Expansion plans to offer ancillary services such as seat selection, in-flight meal reservation, and free WiFi- Promotional offers of discounted fares and waived ticketing fees on all routes from July to August- Demonstration of exceptional technical expertise with the highest number of integrations among domestic OTAs  TOURVIS, an online travel platform, has announced its successful completion of Asia’s first New Distribution Capability (NDC) connection with Air France-KLM. To celebrate this milestone, TOURVIS is launching a special promotional event offering customers discounted fares and waived ticketing fees. The First in Asia to Develop a Direct NDC Connection with Air France-KLMOn June 28th, 2024, TOURVIS became the first in Asia to successfully develop a direct NDC connection with Air France-KLM. NDC (New Distribution Capability) is a new XML-based data transmission standard launched by IATA (International Air Transport Association) to transform how air products are retailed.This integration allows TOURVIS to provide real-time lowest-fare searches and ticket issuance for Air France and KLM flights. In addition to standard information like departure and arrival times and flight duration, additional ancillary services, such as seat selection, meal reservations, and in-flight free Internet access, will be continuously introduced.Boris Darceaux, General Manager for Korea, Japan, and New Caledonia at Air France-KLM, expressed his enthusiasm, “We are very pleased to have conducted the first NDC direct integration in Asia with TIDESQUARE TOURVIS. This partnership enables us to offer our customers more diverse and innovative travel products and services. We plan to explore further collaborations for new services in the future.”Special Promotion: Discounted Fares & Waived Ticketing FeesTo celebrate the NDC integration, TOURVIS is running a special promotional event until August 31. Customers can enjoy discounted fares and waived ticketing fees on all Air France and KLM routes, including destinations like Paris, which will host the Olympics for the first time in 100 years, Barcelona, Lisbon, and Madrid. By selecting the directly integrated fare marked with the [Airline] badge while searching for the airline on TOURVIS, customers can immediately benefit from these offers. Additionally, payments made with Samsung, Hana, Lotte, Shinhan, KB Kookmin, or KakaoPay will receive an instant discount of up to 15%. For customer convenience, no cancellation fees will be charged for tickets canceled by 11:50 PM on the day of issuance.Notably, Air France celebrated its 40th anniversary of operations in Korea last year by introducing Boeing 777-300 aircraft with new business-class bed-type seats equipped with doors on the Incheon-Paris route. The airlines collaborated with Michelin-starred chefs, pâtissiers, and sommeliers to provide high-quality in-flight meals and lounge catering, offering a high level of satisfaction to Korean travelers. Through this promotional event, TOURVIS expects to reduce the financial burden of purchasing airline tickets while providing customers the opportunity to experience the diverse services of Air France-KLM.Demonstrating technological prowess once again with the first direct integration in KoreaTOURVIS has long predicted the utility of NDC and focused on developing related technologies. As a result, TOURVIS achieved NDC Capable Level 3 certification in 2018 (the highest level at that time, one of seven companies worldwide), and NDC Aggregator Level 4 certification in 2019 (the highest level at that time and the 13th company globally to be certified). In May 2019, TOURVIS became the first in Korea to launch directly connected NDC content. Since then, TOURVIS has started full-scale technological partnerships and completed NDC direct integration with a total of 11 airlines, including Lufthansa (LH), Singapore Airlines (SQ), Emirates (EK), and American Airlines (AA), becoming the OTA with the most NDC integrations in Korea as of the first half of 2024. TOURVIS once again demonstrated its technological capabilities by being the first in Asia to integrate with Air France-KLM.TOURVIS CTO Seung-il Hong emphasized, "NDC is bringing revolutionary changes to airline ticket reservation and distribution, and TOURVIS will continuously strive to provide the best values to our customers at the forefront of these changes. This achievement is another example of how TOURVIS technology and services can create positive mutual synergy with world-class airlines like Air France-KLM."*TOURVIS (www.TOURVIS.com)TOURVIS is an online travel platform launched in January 2000, offering various services, including flights, hotels, tours, and tickets worldwide through direct contracts and partner affiliations. With differentiated technology, TOURVIS became the first in Korea to apply the next-generation airline distribution technology standard (NDC) in 2019. TOURVIS has proved to be a trustworthy brand by providing selected services in partnerships with luxury hotel memberships, holding 99% of Japan/Europe transport passes, and offering Korean Air mileage accumulation.  

2024-07-18

[Press Release] TOURVIS Collaborates with Youtube Channel ‘Jeongwaja’ for Universal Studios Japan

TOURVIS Collaborates with Popular Youtube Channel ‘Changing Majors/Jeongwaja’ for Universal Studios Japan Exclusive Event-     Supporting the production of ‘Changing Majors/Jeongwaja’, a popular YouTube channel with 1.5 million subscribers-     Exclusive event of TOURVIS X Universal Studios Japan X ‘Changing Majors/Jeongwaja’ until June 30th-     The first travel agency in Korea to offer services of ‘Entrance Time Selection for Popular Attractions’ at Universal Studios Japan-      Prize draw event for round-trip flight to Osaka + Universal Studios Japan entrance ticket / pass package-      Receiving a 2,000 JPY dining & shopping voucher upon purchase of Universal Studios Japan entrance / pass tickets-      SNS sharing event after ‘Express Pass Test’ in ‘Changing Majors/Jeongwaja’TOURVIS, an online travel platform, will support the production of the Osaka edition of the popular Youtube program, ‘Changing Majors/Jeongwaja’ and hold various events related to Universal Studios Japan, which is featured in the content. TOURVIS x Universal Studios Japan x Jeongwaja_OsakaTOURVIS, official partner of Universal Studios Japan, is the first Korean travel brand to introduce services enabling the selection of entrance time at popular attractions. In addition to this service, the brand has gained high popularity by Osaka travelers for its Express Pass Testing, 24-hour consultation service and more. 'Jeongwaja' or ‘Changing Majors’ is a trending Youtube channel with 1.5 million subscribers and an average of 3 million views, with content that includes experience in various majors, including to the Police Administration Department at Dongguk University, the Practical Music Department at Howon University, Companion Animal Health at Yeonsung University, Thai Language at Hankuk University of Foreign Studies, Fire Safety Management at Kyungmin University, and Aerospace Engineering at KAIST.  TOURVIS collaborated with the popular YouTube Channel to efficiently deliver Universal Studios Japan related services to its customers. In the episode, which will be updated on May 9th, you can see not only their enjoyment of Universal Studios Japan, but also various information and promotions from TOURVIS, such as the "Express Pass Test" for personalized ticket purchases, tips on purchasing related products, and how to use vouchers.Special Prize Event Including Airfare + Ticket Package, 2000 JPY voucher Along with the opening of ‘Jeongwaja’ EP54, TOURVIS has also organized exclusive events to help viewers enjoy the trip in the video. First, from May 9th to June 6th, there will be an attendance event with a chance to win an all-inclusive package to Universal Studios Japan. The prize includes round-trip airfare to Osaka, Universal Studios admission tickets, and Express Passes, and regardless of their purchases, participants will be able to enter the sweepstakes daily. Secondly, TOURVIS is providing dining & shopping vouchers of 2,000 JPY that can be used at Universal Studios Japan. Until June 30th, TOURVIS will give these vouchers with the purchase of two or more Universal Studios Japan admission tickets and Express Pass tickets (4, 7). The final event is an SNS sharing event for those who experience the Express Pass Test featured in ‘Jeongwaja’. Universal Express Japan is a large theme park that offers a wide range of ticket options for its various attractions and photo zones. When customers are unsure about the ticket types, this test can be useful. After sharing the test results on Instagram, participants can enter a draw for Starbucks gift cards. TOURVIS is expecting a high number of participants for this unique event, offering a vivid experience of the video content. Jun-hyung Jo, Team Lead of TOURVIS's Tour & Activity Team, stated, "This promotion was planned to provide customers with a more diverse and innovative travel experience through collaboration with popular Youtube channels and the adoption of new marketing strategies. The collaboration is a good example of creating new value by combining cultural content with travel products, and we will continue to expand cooperation in various fields to provide even more enjoyment and benefits in the future." Detailed information and participation methods for Universal Studios Japan travel packages and events with 'Jeongwaja' can be found the TOURVIS website at (https://www.tourvis.com) or app. *TOURVIS (www.tourvis.com)An online travel platform operated by travel technology company TIDESQUARE. Launched in 2000, TOURVIS provides worldwide airline, hotel, tour and ticket products through a strong network of direct local contracts and partnerships. Through differentiated technology TOURVIS aims to provide best in class products and services to customers and grow as a trusted brand as the first ARMS-index certified Korean travel agency to offer NDC* content directly to customers, select services in partnership with luxury hotel memberships, 99% of Japan/Europe transportation passes and mileage accumulation partnership with Korean Air.* TOURVIS's NDC (New Distribution Capability) Certification acquired in 2018-2019 was renamed as ARM INDEX in November 2021  

2024-05-09

[Press Release] TOURVIS unveils 2024 Cultural Travel Project

[press release_202404]     Enjoy the Recital of Yunchan Lim and Embark on a Journey to Singapore!TOURVIS unveils 2024 Cultural Travel Project-        - Collaborating with renowned pianist Yunchan Lim for a recital in Singapore-        - Specialized offerings including premium seat tickets, backstage tours, and exclusive programs-        - Launching cultural travel packages that integrate performances and sightseeing at destination venues-        - Introduction of TOURVIS package services in April as part of differentiation strategy-        - Strengthening brand trust and competitiveness via partnerships with various artists   Recently, the popularity of K-classical music has risen to the same level as K-pop. Given the nature of classical music, which often entails performances on international stages, there has been a growing trend of combining performance and travel. In response to this trend, Tourvis, an online travel platform, now offers packages that go beyond just concert attendance. These packages include recitals by the world-renowned pianist Yunchan Lim, allowing travelers to fully immerse themselves in cultural travel experiences at performance venues. Unveiling a New Culture of Combining Performances and Sightseeing In Destination On June 28, 2024, the Esplanade Concert Hall in Singapore will host Yunchan Lim's piano recital. Yunchan Lim, the youngest champion of the Van Cliburn Competition in 2022, has won the hearts of classical music lovers, earning a massive fan following like an idol. His upcoming release of the Chopin Études album, available for pre-order, is already a hit, with sold-out performances domestically and internationally. Although tickets for Yunchan Lim's upcoming June concert sold out quickly, they are available for purchase through TOURVIS. TOURVIS organized travel packages for cultural travelers, including airfares, accommodations, and local attractions, aligned with the concert schedule. Despite limited availability, reservation rates were slower than individual ticket sales; yet, cancellation rates remained exceedingly low, at less than 1%. As a result, there is an increasing expectation about the demand of cultural travelers, who prioritize attending performances or sporting events before choosing their travel destinations. Differentiation with Specialized Programs, Including Backstage ToursTOURVIS has strived for differentiation by providing more than just tickets; it also offers specialized programs and services. TOURVIS recognizes the concert as the central focus of its offerings and has secured top-tier seating for Yunchan Lim's performance of Chopin to ensure a vivid appreciation of the performance. Moreover, to foster intimacy with the artists and expectations for the performance, TOURVIS has arranged guided backstage tours the day before the concert and special lecture programs led by experts on the performance day. The itinerary for activities beyond the performances has been carefully crafted based on data and preferencesanalysis on cultural/ artistic themes-related travel products. The result is the inclusion of various attractions such as 'National Gallery' - renowned for holding the largest collection of modern artworks in Singapore and Southeast Asia, guided tours of 'Botanic Gardens' and 'Gardens by the Bay,' iconic landmarks like the 'Marina Bay Sands Skypark' and 'River Cruise,' as well as famous shopping districts like 'Orchard Road.' These recommendations cater to diverse interests and ensure a fulfilling travel experience. Promoting Brand Competitiveness with Tourvis' Exclusive-Themed ProductsSetting to officially launch package services in April this year, TOURVIS has adopted various approaches to products development. One of the strategies is cultural travel, which seeks to experiment with possibilities by prioritizing potential over immediate profitability. TOURVIS initially entered the cultural travel space with a 3-night, 5-day package featuring tickets to Seong-jin Cho's recital, the first Korean to win the Chopin Competition in July 2019. Unfortunately, the package was suspended due to the COVID-19 outbreak in the same year. However, after reevaluating its product offerings this year, TOURVIS has reintroduced and expanded its themed packages, beginning with Yunchan Lim's recital. To enhance its brand trust and competitiveness, TOURVIS plans to continue collaborating with various artists to create unique packages and consistently release cultural travel products centered around music, art, and sports.Jeong-du Han, Team Lead of TOURVIS Package Service Team, stated, "TOURVIS is always attentive to emerging cultural trends. Culture and travel complement each other, creating greater values together. In the future, TOURVIS will continue to develop exclusively themed products, such as premium travel packages linked to classical performances like Yunchan Lim's recital, and explore various perspectives for business transformation."  *TOURVIS(www.tourvis.com)An online travel platform operated by travel technology company TIDESQUARE. Launched in 2000, TOURVIS provides worldwide airline, hotel, tour and ticket products through a strong network of direct local contracts and partnerships. Through differentiated technology TOURVIS aims to provide best in class products and services to customers and grow as a trusted brand as the first ARMS-index certified Korean travel agency to offer NDC content directly to customers, select services in partnership with luxury hotel memberships, 99% of Japan/Europe transportation passes and mileage accumulation partnership with Korean Air.   

2024-04-11

[Press Release] Tourvis x Consumer Insight analysis on cost-effective travel trends

[press release_202403]     Korean traveller's top picks for value for money travel Tourvis x Consumer Insight analysis on cost-effective travel trends- Japan: #1 destination for first six months of 2024, consecutively - March and April focus on Tokyo, Osaka and other Japanese cherry blossom destinations        - May and June strong for Cancun and Honolulu, due to Golden Week long haul travel - Similar trends reported in Consumer Insight’s “Japan and Thailand: Top Cost-Effective Travel Destinations... and Korea?” report - Preference for value-oriented travel with high value for money     *Source: - Hotel check-in data from January to June 2024 on Tourvis  - Consumer Insight's 2023 analysis of overseas travel value for money by country     Where should we travel as the weather warms this spring? Where are Korean travellers going during the Golden Week holiday when you can get five days off by using two vacation days? For those planning a trip ahead of the cherry blossom season and the Golden Week holidays, online travel platform Tourvis has released a forecast on Korean outbound travel trends for the first half of 2024 based on hotel check-in data.  Japan tops the list for six consecutive months, with Cancun and Hawaii strong in May and June According to Tourvis' analysis of travel trends based on data from the first half of 2024, Japan was the top country for the sixth consecutive month, accounting for 42% of all bookings from January through June. This was followed by Vietnam at 9%, the US at 8%, Thailand at 6%, and Guam at 4%. There was minimal variance in results by city but there was a slight variation in the strongest areas depending on the month. In January and February, Fukuoka, Tokyo, Osaka, and Yufuin were all in the top five, accounting for 31% of all bookings. This is likely due to the popularity of New Year's and Lunar New Year travel to these hot spring destinations, which are popular when the weather gets colder. In March and April, Fukuoka, Tokyo, and Osaka were also in the top five, accounting for 25.5% of all bookings. Travelers seem to be concentrating on these popular destinations to see the Japanese cherry blossoms, which begin blooming in mid-March and peak in April. In May and June, Cancun and Hawaii showed strong growth, ranking first and second in terms of bookings for the second consecutive month. In addition, European cities such as France, Italy, and Spain, as well as vacation destinations such as Bali and Guam, saw 7-10% month-over-month increases in bookings. With two long holidays in May that allow travelers to take up to five days off if they use two days of vacation, and a long weekend in June, many people are planning long trips, including honeymoons and early bird summer vacations. Japan, Thailand ranked as best value for money destinations     Japan, Vietnam, Thailand, and other Asian destinations continue to remain popular through 2024. This is due in part to their proximity, but also to the low cost of travel due to low inflation, such as the yen. ConsumerInsight, a travel research firm released a report in February comparing overseas travel costs and satisfaction by country in 2023. Japan and Thailand are the top destinations for "low cost and high satisfaction," followed by Australia, Indonesia, Vietnam, and Spain. "Considering the contrasting phenomena of economic downturn and the boom in overseas travel, it is anticipated that there will be an increase in the selection of low-cost, value-for-money destinations in Asia in the future," said Dr. Minhwa Kim of Consumer Insights. Jae-man Jung, Head of Digital Marketing at Tourvis, said, "We agree that cost-effectiveness affects the choice of travel destinations, and we will continue to identify customer preferences and trends based on various data to provide optimal services.    *TOURVIS (www.tourvis.com)An online travel platform operated by travel technology company TIDESQUARE. Launched in 2000, TOURVIS provides worldwide airline, hotel, tour and ticket products through a strong network of direct local contracts and partnerships. Through differentiated technology TOURVIS aims to provide best in class products and services to customers and grow as a trusted brand as the first ARMS-index certified Korean travel agency to offer NDC content directly to customers, select services in partnership with luxury hotel memberships, 99% of Japan/Europe transportation passes and mileage accumulation partnership with Korean Air. *CONSUMERINSIGHT (www.consumerinsight.co.kr) ConsumerInsight offers specialized and scientifically rigorous research services across diverse industries, including automotive, telecommunications, retail, tourism, and finance, leveraging an efficient online panel tailored for non-face-to-face surveys. Our emphasis is on elevating the value of data by seamlessly integrating various big data sources with panel research, and we are dedicated to applying these insights across multiple sectors. Notably, we have recently introduced `KD Panel,` a survey platform with nationwide representation, exclusively operating on a 100% mobile basis. This platform is now open for use by professionals throughout the research industry.

2024-03-07