Agoda World Cup Rate Cuts Remain In Place
Monday, September 11th, 2006While Thailand tourism has been hit hard by the World Cup, Agoda (www.agoda.com) - which has its operations headquarters in Bangkok, Thailand, - has responded with price cuts, and these cuts may remain in place, at least for a little while longer.
Agoda VP Wilfred Fan explains, “Many online travel merchants projected losses of up 22% because of the World Cup, but we saw this coming and slashed hotel rates at all our top Thai destinations. The increase in business has helped us keep our losses minimal, and we’ve decided to keep them in place for another month or so, as customers now turn their attention back to Asia travel.” Agoda, like many other Asia-based online merchant receives about 40% of its sales from Europeans.