Inside the travel startup accelerator building sustainability tech for Asia Pacific

PhocusWire | January 06, 2020

Asia Pacific is the world's largest regional travel market, with aggregated total gross bookings growing 5 to 7% annually and expected to reach $540.3 billion in 2022, according to Phocuswright. As the tourism industry booms across the region, a cross-section of stakeholders is turning its attention to sustainability and environmental stewardship and how to spur innovation in a region of diverse cultural, political and business environments. Leading this effort are three organizations - the Pacific Asia Travel Association (PATA), ADB Ventures (a subsidiary of Asian Development Bank) and Plug and Play - which have created Travel Lab Asia, a corporate innovation program focused on sustainability in travel.

Spotlight

The world is an increasingly dangerous place, so the health and safety of business travelers is rightly at the top of the corporate agenda. According to 2017 research by Ipsos Mori, 72% of business travelers and travel managers believe that health and security risks have increased in the past year whilst 80% of organizations have modified travel itineraries due to health or security concerns.

Spotlight

The world is an increasingly dangerous place, so the health and safety of business travelers is rightly at the top of the corporate agenda. According to 2017 research by Ipsos Mori, 72% of business travelers and travel managers believe that health and security risks have increased in the past year whilst 80% of organizations have modified travel itineraries due to health or security concerns.

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