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Malaysian Reserve
4 hours ago
- Business
- Malaysian Reserve
Agoda Ranks Asia's Most Affordable Summer Destinations for Hoteliers to Manage Yields from Deals
Surabaya tops the list for value-driven travelers based on the lowest average room rates across Asia's top destinations SINGAPORE, July 24, 2025 /PRNewswire/ — With value-driven travel gaining momentum across Asia, digital travel platform Agoda revealed its rankings of Asia's most affordable summer destinations led by Surabaya, Indonesia where average room rates are $35 per night*. This presents hoteliers with new opportunities to capture sustained demand and maximize returns even when offering competitive deals. Other top-value destinations include Tirupati (India), Hat Yai (Thailand), Dalat (Vietnam), Iloilo (Philippines), Kuching (Malaysia), Nagoya (Japan), Kaohsiung (Taiwan), and Daejeon (South Korea). Affordability is shaping summer travel choices This value-driven mindset is especially pronounced among millennials and Gen Z, who are increasingly prioritizing affordability in their summer travel plans. Both demographics share similar habits when it comes to budgeting for travel, particularly for accommodation. More than half of Gen Z travelers (56%) aim to keep their nightly stay below USD 50 per person, a preference that's also common among millennials, though at a slightly lower rate (44%). Beyond price, these younger travelers are also seeking experiences that offer meaningful value, making affordable yet enriching destinations especially appealing. Yield management opportunities accommodation partners can benefit from Affordability doesn't necessarily mean lower yields. Using Agoda's dynamic pricing and tech solutions, hoteliers can look to capitalize on different types of traveler demand as well as upsell local experiences and bundle value-added services. For example, partners can create summer budget packages that combine multi-location room rates with curated activities such as food tours or cultural excursions, increasing both booking value and guest satisfaction. Offering flexible cancellation policies and diverse payment options can better position hoteliers to meet the expectations of today's digitally savvy travelers. This approach is likely to become increasingly relevant as online sales are projected to account for 75% of Asia's travel revenue by 2029, according to Statista. Alongside catering to budget travel, hoteliers and accommodation partners can turn Agoda's data-driven insights into tangible strategies that boost bookings and drive revenue by tapping into other key motivators – culinary experiences and solo adventures: Capitalizing on culinary demand with value driven packages: Travelers from South Korea, Japan, Thailand, and Taiwan consistently rank food among their top travel motivators. Hoteliers can tap into this by collaborating with local chefs, launching seasonal menus, or hosting pop-up dining experiences. Bundling these culinary offerings with affordable room rates and curated local activities adds experiential value, ideal for budget-conscious travelers seeking more than just a place to stay. Capturing the rise of solo travelers with budget-friendly and short-lead promotions: Solo travel is also trending, with Agoda's Women Travel Trends survey showing Hong Kong and Thai women lead among Asian women in seeking independent adventures. Younger demographics, in particular, tend to book last minute and are often looking for affordable options, as reported in Agoda's Gen Z travel trends survey. This presents a timely opportunity for hoteliers to launch targeted, time-sensitive promotions during peak departure months (July to October), tailored to single travelers seeking spontaneous getaways. By offering special solo rates, value-added perks or last minute booking packages, hoteliers can further entice budget-conscious solo travelers. 'Today's travelers are increasingly prioritizing value-driven experiences, particularly among younger, price-conscious demographics,' said Andrew Smith, Senior Vice President of Supply, Agoda. 'For hotels and airlines, this presents a powerful opportunity to engage guests across the full travel journey by delivering personalized, data-informed value that drives both loyalty and repeat bookings.' Agoda's data-driven approach gives accommodation partners the tools to move beyond simply offering the 'best deals.' Offering dynamic pricing, packaging, and targeted marketing on the Agoda platform can help partners turn demand for affordable destinations into higher yields and stronger guest loyalty. With over 5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, Agoda provides endless possibilities for creating unforgettable travel experiences. For more insights on how to optimize strategic hotel initiatives this summer, visit — ENDS —
Korea Herald
4 hours ago
- Business
- Korea Herald
Agoda Ranks Asia's Most Affordable Summer Destinations for Hoteliers to Manage Yields from Deals
Surabaya tops the list for value-driven travelers based on the lowest average room rates across Asia's top destinations SINGAPORE, July 24, 2025 /PRNewswire/ -- With value-driven travel gaining momentum across Asia, digital travel platform Agoda revealed its rankings of Asia's most affordable summer destinations led by Surabaya, Indonesia where average room rates are $35 per night*. This presents hoteliers with new opportunities to capture sustained demand and maximize returns even when offering competitive deals. Other top-value destinations include Tirupati (India), Hat Yai (Thailand), Dalat (Vietnam), Iloilo (Philippines), Kuching (Malaysia), Nagoya (Japan), Kaohsiung (Taiwan), and Daejeon (South Korea). Affordability is shaping summer travel choices This value-driven mindset is especially pronounced among millennials and Gen Z, who are increasingly prioritizing affordability in their summer travel plans. Both demographics share similar habits when it comes to budgeting for travel, particularly for accommodation. More than half of Gen Z travelers (56%) aim to keep their nightly stay below USD 50 per person, a preference that's also common among millennials, though at a slightly lower rate (44%). Beyond price, these younger travelers are also seeking experiences that offer meaningful value, making affordable yet enriching destinations especially appealing. Yield management opportunities accommodation partners can benefit from Affordability doesn't necessarily mean lower yields. Using Agoda's dynamic pricing and tech solutions, hoteliers can look to capitalize on different types of traveler demand as well as upsell local experiences and bundle value-added services. For example, partners can create summer budget packages that combine multi-location room rates with curated activities such as food tours or cultural excursions, increasing both booking value and guest satisfaction. Offering flexible cancellation policies and diverse payment options can better position hoteliers to meet the expectations of today's digitally savvy travelers. This approach is likely to become increasingly relevant as online sales are projected to account for 75% of Asia's travel revenue by 2029, according to Statista. Alongside catering to budget travel, hoteliers and accommodation partners can turn Agoda's data-driven insights into tangible strategies that boost bookings and drive revenue by tapping into other key motivators – culinary experiences and solo adventures: "Today's travelers are increasingly prioritizing value-driven experiences, particularly among younger, price-conscious demographics," said Andrew Smith, Senior Vice President of Supply, Agoda. "For hotels and airlines, this presents a powerful opportunity to engage guests across the full travel journey by delivering personalized, data-informed value that drives both loyalty and repeat bookings." Agoda's data-driven approach gives accommodation partners the tools to move beyond simply offering the "best deals." Offering dynamic pricing, packaging, and targeted marketing on the Agoda platform can help partners turn demand for affordable destinations into higher yields and stronger guest loyalty. With over 5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, Agoda provides endless possibilities for creating unforgettable travel experiences.
Yahoo
15 hours ago
- General
- Yahoo
The World's New Most Populous Country
Eight billion people live on Earth. But did you know that more than half of them reside in Asian countries? China was previously considered the most populous country–but that has now changed. TRAVELBOOK reveals which nation currently has the most inhabitants and where Germany ranks. Of course, no one knows exactly when the eight billionth person was actually born. However, according to United Nations estimates in the 'World Populations Prospect,' this occurred on November 15, 2022. Thus, more than 8 billion people now live on Earth. The world population is expected to continue growing significantly, at least according to UN experts. They estimate that by around 2080, 10.4 billion people will inhabit the Earth. This number is expected to remain stable until 2100 and then begin to decline. Whether the 10 billion people will be distributed proportionally like the current 8 billion is unknown. The fact is that the majority of the population currently lives in Asian countries. For a long time, China held the top spot, with more than 1.4 billion people living in the 'Middle Kingdom.' However, while its population is slowly decreasing, it is steadily increasing in another Asian country, which now holds the number one spot. TRAVELBOOK knows which country this is and reveals, based on a 2022 ranking from the online portal 'Statista,' which other countries are in the top ten. Spoiler: Although it is the largest country by area, Russia does not make it into the top ranks. The Most Populous Countries in the World 1. India As of the end of April 2023, India is considered the most populous country in the world. According to an estimate by the 'United Nations,' India's population reached 1,425,775,850 people. Yet, India ranks only seventh among the largest countries by area! Experts have long predicted that India would overtake China as the most populous country, as its population grows significantly faster. In 1971, India averaged six births per woman. Although this number dropped to just three births per woman over three and a half decades, it was much slower than in China. According to the 'United Nations,' India's current fertility rate is 2.0 births per woman. 2. China With a total of 1.42 billion inhabitants, China was long the most populous country on Earth. To put large numbers into perspective: The entire population of Europe is estimated at 750 million. This means that almost twice as many people live in China as on the European continent. However, China's population is declining–while in 1971, according to the 'United Nations,' there were nearly six births per woman, the number had already drastically decreased to less than three births per woman by the late 1970s–and in 2022, China had one of the lowest fertility rates in the world (1.2 births per woman). 3. USA The third-largest country by area ranks far behind the top two with 'only' 330 million inhabitants. This makes the United States the most populous country outside of Asia. Also interesting: The 20 Richest Countries in the World 4. Indonesia Indonesia has 272 million inhabitants, making it the fourth-largest country by population. This may be surprising to some, as the Southeast Asian country is not among the 20 largest by area. In recent years, Indonesia's population has grown significantly. In 2008, there were about 40 million fewer inhabitants. Projections for the coming decades also suggest that the number will continue to rise. 5. Brazil With its 212.6 million inhabitants, Brazil ranks as the fifth-largest country by population. This may come as a surprise to some, as the Southeast Asian country is not among the largest countries by area. However, it is expected that the number will continue to rise in the coming decades. 5. Pakistan Pakistan's population totals 212.48 million people. The Asian country narrowly loses the fifth spot, but since it has a fertility rate of 2.0 births per woman, compared to China's lower rate, it is expected that this will soon change. 6. Nigeria With its 211 million inhabitants, Nigeria ranks seventh in this list, and it is also the most populous country in Africa. However, while it has a high population, it also has a low life expectancy of 53.9 years, which is among the lowest in the world. 6. Bangladesh Bangladesh has 166 million people, making it the eighth-largest country by population. For some, this may be surprising, but the country's population has been growing steadily, and forecasts for the coming decades suggest that the number will continue to rise. 7. Russia With 146 million people, Russia is the largest country in the world by area, but it does not make it into the top ranks by population. 8. Mexico Mexico has 128 million inhabitants, making it the tenth-largest country by population. 9. Japan Japan has 125 million people, placing it in the eleventh position in terms of population size. 10. Egypt With 102 million inhabitants, Egypt ranks as the thirteenth most populous country in the world. 11. Vietnam Vietnam has 98.3 million people, making it the fifteenth-largest country by population. 12. Ethiopia With 98.7 million people, Ethiopia ranks fourteenth in terms of population size. 13. Philippines The Philippines has 113 million people, making it the twelfth-largest country by population. 14. Egypt With 102 million people, Egypt ranks as the thirteenth most populous country in the world. 15. Vietnam Vietnam has 98.3 million people, making it the fifteenth-largest country by population. 16. Democratic Republic of the Congo The Democratic Republic of the Congo has 92 million people, ranking sixteenth in terms of population size. 17. Germany Germany ranks seventeenth with a population of 83 million. 18. Turkey Turkey has 84.6 million people, making it the eighteenth-largest country by population. 19. Iran Iran has 86 million people, ranking it as the nineteenth most populous country in the world. 20. Thailand Thailand has 69 million people, making it the twentieth-largest country by population. The post The World's New Most Populous Country appeared first on TRAVELBOOK.
Yahoo
21 hours ago
- Business
- Yahoo
Bean vs. cup: Where is the most expensive takeaway coffee in Europe?
For many of us, a cup of coffee — or maybe a few — is an essential ritual that powers us through the working day. In 2023-24, approximately 10.62 billion kilograms of coffee were consumed worldwide, a slight increase from about 10.38bn kg in the previous year, according to Statista. While for some, a cheap cup of instant coffee made in the work kitchenette will suffice, others have developed a taste for 'a posh coffee' — often made by a hipster in a work apron. But how much is a cup of this sweet nectar costing us, are we being ripped off, and how does pricing vary across Europe? How much coffee is Europe buying? Of the 27 EU countries and the UK, surveyed in Pressat's workplace coffee survey between January and March 2025, workers in the UK are buying the most takeaway coffees, at an average of 1.96 cups per day. This was closely followed by Belgium (1.79 cups), Poland (1.77 cups), France (1.76 cups) and Romania (1.68 cups). At the other end of the scale, the most frugal with their coffee buying are workers in Luxembourg, buying an average of 0.82 cups per day. Also controlling their takeaway coffee expenditure are workers in Hungary (0.83 cups), the Czech Republic (0.84 cups) and Sweden (0.9 cups). It then may be surprising to discover that as the fourth biggest buyer of takeaway coffees in Europe, France is paying the most per cup, at an average price of €3.42. Stereotypes usually lead us to believe that the French like their coffee short, dark and strong. However, of the workers surveyed, just 8.94% of them were buying an espresso to take away. In fact, the most popular takeaway coffee choice was a caffe latte (17.02%), followed by a caffe macchiato (16.17%). The second most expensive takeaway coffees can be found in Lithuania, where the average cup price is €3.39 and the most popular style of drink is split between a cappuccino and a cortado (both are preferred by 14.87% of respondents). The cheapest cup can be found, perhaps surprisingly, in Denmark, with an average price of €1.89. The Danes have a medium coffee addiction, with average workers buying 1.32 cups of takeaway coffee per day — and preferring to sip an Americano. In fact, Denmark was the only country where the average cup price was under €2, with their closest competitors being Slovakia (€2.08) and Cyprus (€2.09). Related Does coffee fight ageing? What the science really shows about it being good for your health The cost of love: Europe's most expensive and cheapest cities for a date Cappuccino index A slightly different picture emerges from data on the average price of a cappuccino in Europe's capital cities, collected by It turns out that the highest price in Europe for the milky coffee is paid in Copenhagen. In the Danish capital, a cappuccino costs an average of €5.81 — considerably higher than the average price of an unspecified type of coffee in Denmark. Only in two other countries does a cappuccino cost more than €5: that's Iceland, with a price of €5.33 per cup, and Switzerland with a price of €5.27. More than €4 per cappuccino is paid in Scandinavia, the UK, Belgium, the Netherlands, France and Austria. At the other end of the scale are the countries of Eastern Europe, the Balkan Peninsula and Italy. In its homeland, a cup of cappuccino costs only €1.53 — but the cheapest cup can be found in Kosovo (€1.27) and Ukraine (€1.36). Poles, who often complain about the high prices of coffee in cafes, are somewhere in the middle of the European scale, with a cup of cappuccino in Warsaw sold for €3.64. This does not mean, however, that Polish grievances are completely unjustified. Apart from Germany, all of Poland's neighbouring countries have lower coffee prices. 'A cappuccino in Warsaw costs 18 zlotys (€4.24), while in Bari it costs €1.50. We can see that Warsaw prices, which have spread across the country, are definitely higher than elsewhere. And it doesn't have to be that way at all,' Janusz Piechocinski, an economist and former Polish economy minister, told Euronews. 'Poland is the fifth largest producer and exporter of coffee in Europe. Polish companies import more than 200,000 tons of beans, roast and then export also in the modern e-commerce channel. So we have an efficient production chain created, and yet prices for the customer are high. Why? It may come from higher real estate prices and taxes than elsewhere, which raise the cost of maintaining restaurants and cafes.' Are we overpaying for our coffee? It takes around 7 to 9g of coffee to make a single espresso which equates to €0.00009 worth of coffee at current arabica bean trading prices (for a 9g serving). That seems like a huge markup, but of course, that would be a huge oversimplification. Coffee shops also need to factor in the cost of staffing, as well as, takeaway cups, energy to power the venue, and coffee additions like milks, syrups and chocolate. Though it's hard to compare exactly how much businesses are paying for their energy, the average cost of electricity for non-household, medium-sized consumers in the EU is €155.80/MWh. That's according to Eurostat data from 2024. The data showed that Ireland paid the most for electricity in the EU, at €254.30/MWh. Only three other countries tipped over the €200 mark: Croatia (€216.90), Hungary (€205.50) and Luxembourg (€204.10). Among the EU's big four economies, the prices varied dramatically: France (€163.90), Spain, (€121.70), Italy (€151.50) and Germany (€197.60). The cheapest energy in the EU could be found in Norway (€79.10) Related Cost of living: Which are the cheapest and most expensive countries in Europe? UK wine duty: Are hotter countries really being taxed more on their wine? Do coffee prices in Europe align with incomes? If we take a look at takeaway coffee pricing versus salaries across the continent, who is getting the best value for money? France, which has the highest cup price, had an average take-home pay for a single person without children just above the EU average, with French singles taking home €32,354 per year, according to Eurostat 2024 data. This means the average coffee is about 0.0106% of take-home pay. Meanwhile in Denmark, where net pay is €43,913, coffee is proportionately even cheaper, at just 0.004% of a salary. And home to the second-most-expensive coffee in Europe, consumers in Lithuania are getting particularly bad value. Citizens' average net salary is €15,909, meaning a cup of coffee costs around 0.021% of their annual take-home pay. The higher-earning countries appear to be getting better value for money. Workers in Luxembourg on average take home €50,410 per year and pay around €3 per coffee. That's just 0.005% of their salary. Cappuccino index by salary Using the data on the average monthly salary after taxes in European cities, we can take a closer look at how many cups of cappuccino the residents can buy. In terms of cappuccino affordability, Italy ranked highest. In Rome, the average monthly salary can buy 1,399 cups of this type of coffee, while Switzerland's Bern (1378 cups) and Luxembourg (1347 cups) fared marginally worse. The cappuccino index also clearly divides the continent in half. In Western European countries (with the exception of Portugal), a salary is enough for at least 750 cups of cappuccino, while in Eastern Europe, takeaway coffee is more unaffordable. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Local Germany
a day ago
- Business
- Local Germany
Germany loses top spot as Europe's largest beer maker
Germany has been knocked out of the top five of the world's largest beer producers, according to the latest industry report by the world's largest hop trader BarthHaas in Nuremberg. The number five spot was taken by Russia this year, which surpassed Germany in volume of beer produced for the first time. This also means that Germany is no longer Europe's largest beer producer, a title it has held since 2013. According to the author of the report, the decisive reason for the change is that beer production in Russia increased by around nine percent to 9.1 billion litres. In Germany, on the other hand, it fell by one percent to 8.4 billion litres. Five years ago, Germany produced around 1.4 billion litres more than Russia. In the years since, production in Russia has risen rapidly while declining slightly in Germany. Advertisement The BarthHaas Managing Director adds that Russia has seen a large increase in beer production in part because the country is importing less beer than in recent years - following sanctions and trade tensions related to the country's war of aggression against Ukraine - so domestic production has been boosted. An industry in decline A declining trend in beer consumption in Germany, coupled with rising costs for producers, has put an increasing strain on German brewers and resulted in a slow but steady decrease in production. View from the roof of the Faust brewery over Miltenberg. Photo: picture alliance/dpa/dpa-tmn | Andreas Drouve The brewery landscape in Germany is highly fragmented compared to other countries. According to Statista there are over 1,500 breweries in Germany, most of which produce just a handful of different beers and primarily serve their local communities. READ ALSO: 365 German beers - What I learned from drinking a different variety each day Major German beer brands announce price increases The largest German brewery, the Radeberger Group, is only in 23rd place worldwide. Small breweries in particular, have been hit hard by rising costs in recent years. "The figures show how great the challenges are for our brewing industry," Holger Eichele, Managing Director of the German Brewers' Association told DPA. Advertisement He added that Germany, like many European countries, is "struggling with declining consumption". Some brewers have increasingly turned to producing alcohol free beer. Consumption of those products has increased in recent years, although not quite fast enough to offset the decline in consumption of beer overall. READ ALSO: Munich opens its first alcohol-free beer garden BarthHaas sees demand in the traditional beer countries of the western industrial nations declining overall. This appears to be driven by a combination of aging populations, competition from a greater variety of beverages and declining purchasing power in economically difficult times. The world's largest brewers China leads the world in terms of sheer litres of beer brewed, having produced 34 billion litres in 2024. The US is second with 18 billion litres. Both countries saw production decline by about five percent in 2024 compared to the previous year. Brazil and Mexico took the 3rd and 4th positions, with 14.7 and 14.5 billion litres produced respectively. Beer production declined slightly around the world in 2024. Globally a total of 187.5 litres were produced. Germany still leads the world in the production of hops, the bitter herb which is one of the three ingredients used for beer production. According to BarthHaas, 46,536 tons were harvested in Germany in 2024, while the USA, currently the world's number two, came in at 39,995 tons. With reporting by DPA.
