As travel begins booming again in some parts of the world,
the travel market in Asia Pacific continues to face significant challenges in
its recovery, according to Phocuswright’s
Asia Pacific Travel Market Report 2021-2025.
Agoda’s vice president of corporate development, Tim Hughes,
estimates Asia is about six months behind the rest of the world due to ongoing
restrictions.
But Hughes sees this as an opportunity for the online travel
agency, a subsidiary of Booking Holdings.
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“We don’t want to be at the starting line of the COVID travel
boom standing still, we want to be racing. So we are investing ahead of that,”
he says.
In an interview in the PhocusWire Studio at Phocuswright
Europe, Hughes explains how the company is now bigger than it was pre-COVID and
is hiring for hundreds of open positions in a variety of roles around the world
(Agoda has 75 offices worldwide) – while also still figuring out the right
balance of home- versus office-based work.
Additional priorities include building out Agoda’s travel
platform to serve the end-to-end experience for consumers and exploring new
options related to payments and other fintech solutions.
“If you’re not a fintech company as a travel company, you’re
missing a beat,” he says.
“We spend as much time thinking about payments as we do
about travel.”
Watch the full discussion below.
Phocuswright Europe 2022 Executive Interview: Agoda