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Dr Wong King Yin, a lecturer in marketing at the Nanyang Business School, pointed out that despite being an online outfit, travel agent Zuji closed down early this year, adding that cashflow problems at its parent company were the main culprit. Although travel demand is growing, it's a tough industry if you don't have the business sense and acumen to work around them," Dr Wong said. BT Lifestyle weekly. Stay up to date with The Business Times for.

THE massive collapse of global travel group Thomas Cook could just be the beginning of more failures to come, as economic uncertainty exacerbates the ongoing disruption in the travel industry, industry watchers said.

He said more than 75 talk, luxury casinos oklahoma know cent of all Klook bookings in were made via mobile devices, adding that same-day bookings increased nine-fold from to Beyond mobile offerings, Dr Wong said it is important to have a casino travel agents selling proposition given the industry's low entry barrier, adding that it should not be something that is casino travel agents copied by others.

Daily Debrief every evening. In the five years to Marchtour agencies closed. The massive collapse of global travel group Thomas Casino travel agents could just be the beginning of more failures to come, as economic uncertainty exacerbates the ongoing disruption in the travel industry, industry watchers said.

BT is now on Telegram! So the way forward could mean going asset light - by having fewer physical stores - while beefing up their online platforms, she added. THE focus of extending more rental relief is more on supporting businesses that, even though viable, may go down By signing up, you agree to our Privacy Policy and Casino travel agents and Conditions.

Sharon See sharons sph. In Singapore, about to travel agents cease their licence voluntarily every year for various reasons, according to the Singapore Tourism Board. Thu, Sep read article, - AM. Thomas Cook's closure could foreshadow more travel agency failures.

It boils down to having a niche. Skip to main content. She also said the key lies in providing a convenient experience for customers, and traditional travel agencies previously did this by having stores in convenient locations, but this also increases operating costs.

Singapore THE massive collapse of global travel group Thomas Cook could just be the beginning of more failures to come, as economic uncertainty exacerbates the ongoing disruption in the travel industry, industry watchers said.

While many have pointed at disruption from online travel companies as a chief reason for the tour operator's failure, experts told The Business Times they believe that in this case, poor business management may be more to blame than disruption.

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Purchase this article. Garage weekly. Subscribe to t. For daily updates on weekdays and specially selected content for the weekend. For example, we have packages to less-explored destinations like the Antarctica, Mexico, Cuba, Iran and Bhutan. The value-add and information that travel agents rely on to ply their trade are no longer privy just to them. Good business management, differentiated product could keep firms afloat as travel demand grows. For traditional agency Dynasty Travel, this means having differentiated travel products instead of focusing on destinations like Tokyo or Bangkok that are popular with free-and-easy travellers. Dr Hannah Chang, associate professor of marketing at SMU, said if the market is fast evolving, it is hard to keep up with every consumer segment unless one has the resources. Alicia Seah, the firm's director of PR and communications, said: "We need to innovate new packages differentiated from the mass market. In the same vein, Marcus Yong, regional marketing director for Southeast Asia at online travel booking platform Klook, said the company has noticed that travellers are bringing their mobile devices to manage every aspect of their trip. Victoria Chong, marketing communications executive at Chan Brothers Travel, said the company does this by using webchat and a WhatsApp hotline to answer customers' questions immediately, underscoring the pervasiveness of mobile use. Stay updated with BT newsletters.