INTERNATIONAL travel wholesaler Tourico Holidays is making Asia its priority by beefing up its Asia-Pacific team with seven new hires this month.
Neil Emerson, senior vice president of global product development, Tourico Holdings, said the seven new product managers are strategically placed in Vietnam, Shanghai, Hong Kong, Thailand and South Korea as part of the company’s “major investment plan” in developing Asia-Pacific.
The US-based company currently has offices in Tokyo, Beijing and Hong Kong.
Emerson said: “Asia is absolutely a priority in our global expansion plan as we are signing more airline clients and regional clients in this region.
“The majority of travel for Asian travellers is within Asia, hence as we develop our Asian client base, it is key that we have the product to meet their demand,” he added.
These seven product managers belong to the first batch of graduates from the new Tourico Holidays Travel Academy. Emerson said: “This new group will help to establish strong relationships with hoteliers to meet the growing demand of our expanding Asian client base.”
Since initiating its global expansion plan in 2013, Emerson said Tourico Holidays has acquired nearly 600 new clients and travel inventory demand has skyrocketed.
In a press release announcing Tourico Holdings’ financial results for its first quarter of 2014, the 20-year-old company reaped a record 79 per cent year-on-year increase in earnings.
Tourico Holdings attributed this top line revenue growth to the sharp increase in demand from hotels – including a 29 per cent surge in hotel bookings and a 25 per cent rise in roomnights.
