According to a traveldailyasia.com report, Abacus International has expressed cautious optimism for the beginning of a recovery in the travel industry over the coming six months and highlighted the potential to convert challenges the industry is still facing into opportunities. Speaking at an exclusive event in Singapore, Robert Bailey, President and CEO, Abacus revealed the latest ‘Abacus Travel Insights 2H09’ report, which highlighted better-than-expected results in travel segments such as online bookings, Low Cost Carriers, high performing markets such as Vietnam, a new trend for earlier booking lead times and a growing focus on intra-Asian and domestic travel.
“It’s true that there is evidence of green shoots sprouting and lining the path that the industry is travelling on right now, which is great news. However, this road is still likely to be a bumpy one, leading Abacus to forecast four-six per cent less travel bookings for 2009 when compared to a similar period in 2008,” said Bailey. Despite this, Bailey reiterated his optimism for the future. |