With mobility restrictions easing up across the world post Covid, travel demands has risen significantly, leading to recovery in the travel and hospitality sectors.
Tourism market of China still remains insulated, therefore, AirAsia is turning to India to cope with the shortfall.
While talking about the upcoming initiative, AirAsia Malaysia CEO Riad Asmat called India “a very important market”.
“I have not, since the opening of the borders, seen anything less than 90% in load factors in and out of India,” said Asmat on the sidelines of the Aviation Festival Asia in Singapore.
International travels have also gone up this year. According to Rajesh Magow, chief executive officer of MakeMyTrip, the domestic travel demand might reach the pre-pandemic levels by the end of September this year. The Malaysian airline is witnessing a high demand from the Indian audiences.
International Bookings for South East Asia, Thailand, Singapore, Malaysia, Indonesia, Dubai and Maldives witnessed a surge of nearly 45-50% due to diminishing Covid-19 fears.
Hospitality sector including hotels also saw a huge growth post-pandemic. Overall the recovery of hotels on a daily run rate basis would be at 85-90%, but in the premium segment, the recovery is 120-130%, said Magow.
Despite the Omicron fears in the beginning of this year, the segments have been improving quarter-on-quarter.