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ITB talks focus on travel tech

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SINGAPORE, 4 September 2018: ‘Travel Reimagined’ is the theme of a conference on the sidelines of the annual trade fair that will identify major trends that are provoking disruption across the travel industry.

Hosted at the Sands Expo and Convention Centre, in Marina Bay Sands, the conference will take place 17 to 19 October.

The explosion of disruptive technology is mainly due to the boom in travel tech start-ups that has accelerated advances in technology.

According to ‘The State of Travel Start-ups 2017’, there were 1,497 digital start-ups worldwide, which attracted nearly USD62 billion in funding, almost double from the previous year.

Some of them will fail, but enough will succeed to accelerate the growth of technology offering alternatives to the traditional way of conducting the business of travel.

Taking 8% of global travel tech share, China has accounted for over a quarter of funding to the travel tech industry since 2013.

In light of this, ITB Asia will be hosting talks on travel technologies, which will take place at the Travel & Tech Hub, allowing delegates to immerse in what it calls game-changing technology that is progressing travel, meetings and business.

Speakers from leading tech firms will demonstrate how emerging tech can offer meaningful connections between travel enterprises and customers to improve a return on investment.

Top technology and travel companies, worldwide, including Booking.com, Egencia, Fliggy, Hotelbeds Group, KAYAK, Microsoft, SITA, Skyscanner, Tencent and Tujia will join the show.

Discussions will focus on AI and virtual reality (VR), biometrics, blockchain and robotics using case study examples and practical application in travel management across all areas of travel.

This year, ITB Asia will join hands with Asian Development, the Mekong Innovative Start-up Tourism (MIST), Innovel Travel Tech, Skift and Troovo as the representative.

Skift will be hosting a session at the Knowledge Theatre on ‘Post Experience Economy: Innovators at the Edge of Travel’.

As a partner at the MICE & Corporate Hub, Troovo, a leading Robotic Process Automation solutions provider, will join ITB Asia to tackle the impact of virtualisation and robotics for the travel industry.

Troovo’s Co-Founder and CEO, Kurt Knackstedt, will host a one-hour session on 18 October to discuss how to reduced the laborious task of data entry and grunt work of processing travel and payment transactions.

ITB Asia’s strategic partnership with Asian Development Bank and Innovel Travel Tech will reach out to young, tech-savvy companies around the world that are experimenting with breakthrough technologies. Both will be hosting a session on travel start-ups at the Travel and Tech Hub.

Innovel founder & CEO, Rom Hendler noted: “TravelTech is the new black of the tech industry. Travel is one of the biggest industries in the world, and it is ready for innovation and disruption.”

(Source: ITB Asia)

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