Target cashed-up early retirees, says PATA boss
HANOI – While this week’s Asean Tourism Forum turned the spotlight on regional travel and youth travel as targets to aim for in mitigating the impact of the global financial crisis, the president and CEO of the Pacific Asia Travel Association (PATA), Greg Duffell, saw an opportunity to exploit the economic downturn.
He said there were a lot of senior management people who had taken early retirement packages and had the money and the inclination to travel.
“These are people who don’t want to put their money in the bank, they want to spend it on travel,†he said.
Duffell listed the early retirees with cash to spend as among the niche opportunities to be pursued.
Others niche opportunities in Asia were golf and spa packages. “Other countries cannot compete with what we in Asia have to offer those seeking spa and golf vacations,†he said.
Duffell said PATA saw small but sustainable growth in the ASEAN region of between two and four percent in 2009. “It’s survivable growth, enough to keep going,†he said.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent