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Bridging the Action-Awareness Gap: Trip.com Group’s 2024 Sustainable Travel Consumer Report Insights

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Gap between awareness and action among travellers for sustainable travelAround 54.7% of respondents seek access to sustainable options when booking onlineGen Z’s attitudes toward sustainability highlight greater need for motivation and targeted engagement

SHANGHAI, Oct. 13, 2024 /CNW/ — Trip.com Group, a leading global travel service provider, reveals that while sustainability awareness is rising among travellers, there remains a gap between awareness and action. This is one of the key insights from the Sustainable Travel Consumer Report 2024 that the Group released today.

The report draws from 9,867 survey samples from 109 countries and territories, including the Asia-Pacific (APAC), Europe, the Middle East and Africa (EMEA), North America (NORAM) and Latin America (LATAM). It also looks at Gen Z’s travel preferences and regional variations in motivations and perceptions.

Gap between Awareness and Action

An overwhelming 92% of travellers may consider sustainable travel, yet only 56.9% say they have actually practised it. Of those who did not consider this option, some cited confusion around what sustainable travel entails. Others doubt the authenticity of sustainable products or initiatives. This highlights the need for better consumer education and more straightforward communication from travel providers.

A series of other factors also contribute to the gap between awareness and action. Primary barriers include the perception of sustainable travel as a collective endeavour or the view that it does not bring added benefits to trips.

These considerations diminish travellers’ appetite for usually more expensive sustainable options. The report reveals a divide when it comes to paying extra for sustainable travel options. While some travellers are open to paying a premium, many have clear limits on how much more they are willing to spend. Findings show that 38.8% of travellers are unwilling to pay more, while 42.5% are open to paying a premium, but only within certain limits. For example:

1 in 5 travellers (21%) are willing to pay up to 5% more for sustainable travel.Willingness drops as costs rise: only 4.7% will pay 10-20% more, and 1.7% will exceed 20%.

The report also underscores contrasting attitudes toward cost: APAC travellers are generally more likely to pay a premium for sustainable travel. About a third of them (32.3%) opt out of paying any additional cost at all.

Price sensitivity is noticeably higher among travellers in NORAM, EMEA, and LATAM, where 53.0%, 49.4%, and 47.3%, respectively, are unwilling to pay extra for sustainable options.

Demand for Sustainable Travel Information

Travellers may not always practise sustainable travel. But an increasing number of them now seek sustainable options when booking trips online. Over half of those surveyed (54.7%) now routinely look for these options. This is in line with the report’s findings about their expectations for online travel agents (OTA). Further findings include:

Three in four (75.83%) travellers anticipate clearly labelled sustainable options when booking from OTAsMore than half (53.07%) prefer to see sustainable travel tips online

According to the report, a significant 72.4% of travellers are attracted to OTAs and providers that highlight sustainable travel offerings. These choices act as a feel-good factor, as people express increased interest or positive sentiments when informed about them.

Four out of five travellers from APAC and LATAM expect OTAs to clearly label sustainable options, coming in at 80% and 83.6%, respectively. This reflects a growing demand for transparency and more sustainable choices. Access to sustainability-related information has steadily become a basic consumer right in the eyes of travellers.

Diverse Motivations for Sustainable Travel

While sustainable travel is gaining momentum worldwide, the report shows that priorities differ across regions, with travellers focusing on distinct motivations depending on their location:

Globally, environmental and cultural concerns lead the way, with 47.3% of travellers prioritising environmental protection.APAC and LATAM travellers are driven primarily by environmental factors.EMEA and NORAM travellers adopt a broader perspective, considering wildlife protection, cultural heritage, and economic impact.

As sustainability awareness grows, environmental concerns are no longer the sole driver of sustainable travel. Travellers are now motivated by a broader range of factors, signalling a shift toward viewing sustainability more holistically.

Opinions differ on who should lead efforts to reduce tourism’s carbon footprint. APAC travellers see it more as an individual responsibility than a shared commitment. In contrast, their counterparts in EMEA, LATAM, and NORAM place a bigger emphasis on collective action from governments, communities, and the travel industry.

Engaging Gen Z in Shared Responsibility

The travel industry can strategically engage Gen Z travellers by understanding and addressing their views on sustainable travel.

Despite greater exposure to sustainability-related information, Gen Z is just as hesitant as other age groups to pay extra for sustainable options. Gen Z exhibits several distinct characteristics:

Three in four (73.0%) Gen Zs consider buying from OTAs with sustainable offeringsMore than half (53.6%) say the environment is a key motivator for travelling sustainably48.3% are unsure of what qualifies as a sustainable trip31.5% fail to see any added benefit from sustainable travel

These insights indicate that stronger understanding or motivation is needed to get Gen Z onboard in the quest to advance sustainable travel.

To align themselves with this goal, OTAs can guide this generation with clear labelling and incentives for sustainable choices. By closing the gap between awareness and action, they support travellers in making sustainable decisions.

Trip.com Group’s Commitment to Advancing Sustainable Travel

As sustainable travel awareness grows, OTAs have a key opportunity to bridge the gap between awareness and action. For its part, Trip.com Group continues promoting sustainability within the travel industry. The Group has introduced a range of ‘lower-carbon travel products’ and partnered with organisations like GSTC, Travalyst and WWF to advocate for sustainable tourism.

Trip.com Group is committed to reducing its environmental impact across its operations and supporting the global fight against climate change. It joined the Science Based Target initiative (SBTi) and aims to achieve carbon neutrality by 2050. Additionally, the Group also aims to introduce over 10,000 lower-carbon travel products, targeting 100 million travellers to consider adopting lower-carbon travel practices.

“As we enjoy the planet’s natural wonders, it is our duty and responsibility to protect and preserve these treasures for future generations,” said Trip.com Group CEO Jane Sun. “We are encouraged by the growing awareness of sustainable travel, and will continue to collaborate with, and empower, our stakeholders in building a sustainable future.”

To read the full report, please click here Trip.com Group Sustainable Travel Consumer Report 2024

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.

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SOURCE Trip.com Group

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SUS ENVIRONMENT formally signed EPC contract for the Tam Sinh Nghia Waste-to-Energy project in Ho Chi Minh City, Vietnam

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HO CHI MINH CITY, Vietnam, Oct. 14, 2024 /PRNewswire/ — On October 9th, Shanghai SUS Environment Co., Ltd., POWERCHINA, and Bamboo Capital Group (BCG) officially signed the EPC contract for the Tam Sinh Nghia Waste-to-Energy Project in Ho Chi Minh City, Vietnam. Mr. Zhu Xiaoping, COO of SUS ENVIRONMENT, Mr. Chen Guanfu, Chairman of Power China International, and Mr. Pham Minh Tuan, Vice Chairman of BCG, among other leaders, attended the ceremony to witness the signing ceremony.

Mr. Zhu Xiaoping, COO of SUS ENVIRONMENT, expressed, “The signing of the Tam Sinh Nghia Waste-to-Energy project marks another significant collaboration between SUS ENVIRONMENT and its industry partners in jointly addressing environmental challenges. With extensive experience and professional expertise of SUS ENVIRONMENT in the EPC field of waste-to-energy, and through dedicated cooperation with all parties, we are confident that we can make a significant contribution to Vietnam’s environmental protection and energy transition, jointly creating a cleaner and greener future!”

It is reported that the signed waste-to-energy project is located in Cu Chi District, Ho Chi Minh City. The construction capacity of the Phase I project is 2,600 t/d. After the project is put into operation, it will convert 20-25% of the municipal solid waste in Ho Chi Minh City into green electricity.

The project will convert environmental challenges into sustainable solutions through means that better align with Vietnam’s environmental and economic goals, contributing efforts of SUS ENVIRONMENT to Vietnam’s carbon neutrality goals and energy transition.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/sus-environment-formally-signed-epc-contract-for-the-tam-sinh-nghia-waste-to-energy-project-in-ho-chi-minh-city-vietnam-302274471.html

SOURCE Shanghai SUS ENVIRONMENT Co.,Ltd.

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21st TAITA Annual Conference Explores Taiwan’s AI Era Strategies in the Global Tech Supply Chain

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TAIPEI, Oct. 13, 2024 /PRNewswire/ — The upcoming 21st TAITA-SV Annual Conference, scheduled for Saturday, October 19, 2024, at the Hyatt Regency Hotel in Santa Clara, California, will focus on the theme “Taiwan’s Strategic Layout in the AI Era.” The conference will explore how Taiwan leverages its leading semiconductor technology advantages to sustain its core position in the global supply chain while addressing the challenges and opportunities brought by the AI revolution.

Colley Hwang, Founder and President of DIGITIMES, will deliver a keynote speech, providing a detailed analysis of the latest advancements in AI technology and their impact on Taiwan’s role in the global technology landscape. With the rapid expansion of AI and the rising demand for high-performance computing (HPC), the global technology industry is undergoing an unprecedented transformation. According to the latest DIGITIMES Research report, global server shipments are projected to grow at a compound annual growth rate (CAGR) of 6% from 2023 to 2028. Colley Hwang highlighted that Taiwan’s share in the high-end AI server market is expected to increase from 74.4% last year to 83.6% this year, and exceed 90.2% by 2025, demonstrating Taiwan’s strong capabilities and growth potential in AI server technology.

Industry Leaders Share Insights: In-depth Exploration of Technology and Future Development

The afternoon forum will bring together multiple industry leaders and experts to delve into the latest AI advancements and their profound impact on Taiwan’s semiconductor supply chain. Colley Hwang, Founder and President of DIGITIMES, will share his insights into the development of AI technology and how it is reshaping the global tech supply chain. Dr. Y.K. Chen, Deputy Chief Technology Officer at Coherent, will explore the prospects of silicon photonics in next-generation semiconductors, while Dr. Kevin Yasumura, Director at Google, will present on the development of optical switches for data centers in the AI era, revealing how AI is driving infrastructure transformation.

In addition to insights from technology experts, the forum will feature four leading venture capitalists discussing the future of hard-tech (Hard-Tech), including Dr. Wen Hsieh, Founding Managing Partner at Matter Venture Partners, Dr. Alex Fang, Managing Partner at Entrada Ventures, Tong Chao, Partner at Tyche Partners, and Dr. Huang Lee, Managing Partner at Taiwania Capital. These experts will analyze how Taiwan can leverage its semiconductor strengths to tackle the challenges brought by the rapid adoption of AI, and ensure supply chain security and stability from multiple perspectives, including technology innovation, policy development, and geopolitics.

Dinner Keynote: Exploring the Future of Biotechnology and Healthcare

The dinner keynote will be delivered by Professor Chi-Huey Wong, with a focus on “Research Toward Healthcare and Biotech Development.” As a pioneer in the biotechnology field, Professor Wong’s research spans several key areas, including chemical synthesis, protein engineering, cancer treatment, vaccine development, and immunotherapy. He will emphasize the importance of STEM (Science, Technology, Engineering, and Mathematics) education for cultivating future innovators and inspiring the next generation to actively engage in scientific research and lead future technological revolutions.

Register Now to Secure Your Spot!

Key topics such as photonics, advanced semiconductor technologies, and the integration of AI with the semiconductor supply chain. Use the promo code “ILOVETAIWAN” to register for the afternoon panel discussions for free. Don’t miss the opportunity to attend the dinner keynote (a paid event) and connect with industry leaders. Spaces are limited, so register now to secure your spot!

Registration link: qr.codes/fh7Vb2

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SOURCE DIGITIMES ASIA

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Agoda Highlights 45% Search Increase for Buriram During October’s Motorcycle Racing Event

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SINGAPORE, Oct. 14, 2024 /PRNewswire/ — Digital travel platform Agoda reveals the top five markets traveling into Buriram, Thailand, during the upcoming high-speed motorcycle racing event happening between October 25th and 27th. The data, based on accommodation searches made in the first month following the ticket release, highlights a 45% year-over-year increase in searches for Buriram during the event period.

The United Kingdom takes pole position, leading the pack of markets showing the highest interest in traveling to Buriram for the popular motor race. Hot on their heels are Australia (#2), the Netherlands (#3), Singapore (#4), and Switzerland (#5). The variety of international accommodation searches underscores the global appeal of the Buriram event.

Andrew Smith, Senior Vice President, Supply at Agoda said: “The allure of Thailand as a travel destination is something we see time and again, and the dedication of fans traveling to Buriram truly showcases their passion for the sport. It is great to see a lesser-known city like Buriram take the spotlight, which isn’t an easy feat in a world-class tourism market with destinations like Bangkok, Phuket, Chiang Mai, and Koh Samui. It once again showcases the power of event travel, and I have no doubt that all race enthusiasts will enjoy everything Buriram has to offer.”

Thailand is one of four Asian stops for the exhilarating world-class motorcycle racing series. Other races take place in Indonesia, Malaysia, and Japan. The popularity of the Buriram race is set to increase even further next year, with recent reports suggesting that the high-octane race season could kick off its 2025 season on Thailand’s most prominent racetrack. It would mark the first time in over 25 years that the season opener is hosted in Southeast Asia.

Agoda offers over 4.5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, all of which can be combined in the same booking. Travelers looking to experience the excitement of the motorcycle racing event in Buriram can find great deals and convenient booking options on Agoda’s platform. For more information, visit Agoda’s Buriram page.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/agoda-highlights-45-search-increase-for-buriram-during-octobers-motorcycle-racing-event-302271406.html

SOURCE Agoda

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