Exclusive Interview with : Albert Pozo, President of Amadeus Asia Pacific and Ankur Bhatia, Managing Director, Amadeus India
Updated on: 23 Jun 2016
Albert Pozo, President of Amadeus Asia Pacific and Ankur Bhatia, Managing Director, Amadeus India, spoke to BT about the emerging travel and tourism landscape. Excerpts from the interview:
BT: APAC travel & tourism is growing very well at this point. What are the factors that are contributing to this growth?
Pozo: I think the underlying factor is overall economic growth. Travel being a very big part of the GDP, it's growing with the (GDP) growth, and at the same time it is also fuelling the growth, because travel and tourism is one of the elements of the economy that helps develop jobs, services, with a low entry cost. The overall economic development of the region is underlying.
I think what has also happened in Asia is that some of the red tape has been lifted, making it easier for business travel and leisure. A very good example is India. With the visa and e-visa policies being implemented, it has vastly simplified travel, and has translated into very significant increase of international travellers into India. At the same time, conditions for business have also improved.
So, there is a concerted effort by Asian countries to lower barriers and this is translating into the growth that the travel sector has experienced. I think also that travel is aspirational, and when consumers have growing disposable income - as it is happening in India definitely and also in East Asian countries - this has also brought into the leisure travel space various sectors of the population that simply could not afford to travel before. And finally in the last year, due to the low oil prices, airlines have translated some of those savings into lower prices to the consumers.
BT: How much of your revenues would be coming from online and how much from offline?