Alibaba’s international e-commerce arm, Lazada, is aggressively courting European luxury brands to boost its presence in Southeast Asia, aiming to capture a $100 billion e-commerce market by 2030. Lazada’s recent success, including becoming EBITDA positive, is fueled by investments in AI and online marketing. While Alibaba’s international retail business thrives, its domestic market faces challenges due to price wars and geopolitical tensions. Despite these hurdles, Wall Street analysts remain optimistic about Alibaba’s future, with an average 12-month price target of $107.27.
Results for: Southeast Asia
Several airlines are expanding their flight networks, boosting global connectivity. AirAsia Cambodia is launching direct flights between Siem Reap and Singapore, Cathay Pacific is adding a new route to Dallas, and Korean Air is increasing frequencies to Southeast Asia, North America, and Europe.
Cyprus has reopened its embassy in Jakarta after a decade, aiming to attract more tourists from Indonesia, Singapore, and the Philippines. This strategic move capitalizes on the growing Southeast Asian middle class eager to explore new destinations, and positions Cyprus as a prime destination with its diverse offerings, including sunny beaches, historical sites, and a unique blend of European and Middle Eastern culture.
The Greater Bay Area, encompassing Guangdong, Hong Kong, and Macao, hosted a tourism promotional event in Indonesia to showcase its diverse offerings and attract international travelers. The event focused on multi-destination travel packages and fostered deeper cooperation between the three regions, positioning the Greater Bay Area as a unified, world-class destination.
The Outbound Travel Roadshow (OTR) Southeast Asia 2024 is a dynamic travel trade workshop taking place across Thailand, Vietnam, Malaysia, and Singapore from September 30 to October 4. This event provides an invaluable platform for industry professionals to connect, collaborate, and explore new opportunities within the diverse travel landscape of Southeast Asia.
Thailand’s planned Electronic Travel Authorisation (ETA) system has been postponed, but citizens of the UAE, Qatar, Saudi Arabia, Turkey, Bahrain, and Oman can still enjoy visa-free travel to Thailand. This article provides information about the ETA delay, visa-free travel, and highlights must-see destinations and experiences in Thailand.
ACEN, the Ayala group’s energy platform, participated in Climate Week NYC, highlighting its role in the coal-to-clean energy transition through transition credits. The company joined a panel discussion on harnessing transition credits to accelerate the retirement of coal plants in Southeast Asia, replacing them with renewable energy while ensuring a just transition for affected communities.
Meliá Hotels International has announced the rebranding of Gran Meliá Nha Trang to Villa Le Corail, A Gran Meliá Hotel, marking a new chapter for the resort and solidifying its position as the premier luxury destination in Southeast Asia. The rebranding reflects a harmonious blend of European elegance and Vietnamese hospitality, offering guests an unforgettable experience.
Discover the must-visit destinations in Vietnam, showcasing the country’s stunning landscapes, vibrant culture, and rich history. From Hanoi’s ancient temples to Ha Long Bay’s breathtaking scenery, this guide helps you plan your first unforgettable trip to Vietnam.
Korean Air is boosting its flight frequencies to popular Southeast Asian destinations like Bali, Nha Trang, and Phu Quoc, as well as key routes to North America and Europe, to meet the increased travel demand for the upcoming winter season. The airline is also increasing services to several destinations in Asia, bringing its international network capacity to 100% of pre-pandemic levels.