DELHI, India and SEOUL, South Korea, Oct. 22, 2024 /PRNewswire/ -- Hyundai Motor Group (the Group) Executive Chair Euisun Chung met with the Honorable Prime Minister of India, Shri. Narendra Modi. The two engaged in wide-ranging discussions on the future of mobility, with Executive Chair Chung underscoring the Group's priority of working closely with India thanks to the country's diverse market conditions and reformist approach.
Executive Chair Chung was in India to review the Group's mid- to long-term strategy and attended the Hyundai Motor India Limited (HMIL) Stock Exchange Listing Ceremony on October 22, 2024.
Held at the Honorable Prime Minister's office in Delhi, the meeting was also attended by Mr. Tarun Garg, COO - HMIL. They discussed the development of the Indian mobility industry and potential cooperation between India and Hyundai Motor Group.
Executive Chair Chung invited the Honorable Prime Minister to the opening of HMIL's plant in Pune, Maharashtra. Investment in this factory will be game-changing for HMIL, supported by the Government of India and Government of Maharashtra.
HMIL will continue to play a key role in the "Make in India" initiative, and as India marches toward its 'Viksit Bharat 2047' vision – a strategy for the country's development by the year 2047, coinciding with the 100th anniversary of India's independence – Hyundai will stand as a trusted partner on this meaningful journey.
Since entering the Indian market in 1996, Hyundai Motor Group has become one of the top mobility companies in the country, offering innovative products and making significant social contributions.
Executive Chair Chung expressed his respect for India's heritage and culture during the meeting. He said, "India's rich history and culture continue to inspire people worldwide. As India and Korea deepen economic collaboration, we can learn much from each other's cultures and strengthen the foundations of our cooperation."
He also thanked the Indian government for its continuing support of Hyundai Motor Group, discussed the significance of Hyundai Motor India's IPO, and outlined plans to build on the Group's success so far by establishing Hyundai Motor as India's most trusted mobility company.
"Hyundai Motor has successfully operated in India for over 26 years, becoming the second largest automobile manufacturer thanks to the Indian government's interest and the Indian people's support," said Executive Chair Chung, adding, "Now is the right time to further establish Hyundai as a 'Home Brand' and the 'Most Trusted Brand' in India."
Executive Chair Chung expressed his support for the adoption and growth of EVs in India, stating "We will continue our cooperation with the Indian government to establish an EV ecosystem through the release of EV models, construction of EV-charging networks, and localization of parts."
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Hyundai Motor Group Executive Chair Euisun Chung Meets with Indian PM Narendra Modi, Discusses EV Ecosystem, Innovation and Investment Plans
SINGAPORE, Oct. 22, 2024 /PRNewswire/ -- The cruise industry is experiencing a renaissance, and 2024 is proving to be a record-breaking year. Trip.com Group has observed a remarkable surge in global cruise bookings, with a 344% year-on-year growth from January to October 2024 compared to the same period in 2023. This rise reflects a global trend of travellers rediscovering the appeal of cruise vacations as they seek diverse destinations and experiences in a single journey.
Fly-Cruise Bookings Surge by 520% in 2024, Driven by Younger Age Groups
A standout trend is the substantial rise in fly-cruise bookings, with bookings from international tourists up by 520% year-on-year. The combination of air travel and cruising allows international travellers to start their voyages in exotic locations, contributing to the overall growth of the industry.
Additionally, younger travellers are at the forefront of this growth. Bookings from millennial travellers skyrocketed by 857%, while those of Gen Z travellers increased by 450%. Older age groups too, saw significant growth, with a 112% rise in bookings from those born in the 1950s and over 400% among those born in the 1980s. These figures underscore the expanding appeal of cruise vacations across a broader demographic than ever before.
Cruise trips are also becoming longer, with the average cruise duration rising from 4.53 days in 2023 to 4.81 days in 2024, highlighting the increasing preference for extended travel experiences. In addition, booking behaviours have evolved, with the average booking window lengthening by 10 days to 37 days in 2024, indicating that travellers are planning their cruise holidays further in advance. This reflects a shift towards making cruises a key part of family vacations and long-term holiday planning.
Cruise bookings are particularly popular across key global hubs, with Singapore ranking top in international cruise destinations, followed closely by Port Klang, Barcelona, Jakarta and Tokyo at fifth spot.
High Demand for Disney Adventure Cruise Reflected in Trip.com's Growing Waitlist
The upcoming launch of the Disney Adventure - set to sail from Singapore in December 2025 - has also generated significant interest, reflecting the strong demand for family-friendly cruising options. This will be the first Disney ship to homeport in Asia, offering three- and four-night voyages with immersive Disney, Pixar, and Marvel experiences. So far, nearly 10,000 travellers have signed up on Trip.com's exclusive waitlist for this cruise. With bookings set to open on December 10, 2024, the Disney Adventure is expected to attract a wide range of families looking for unforgettable holiday experiences at sea.
Travellers can join the Trip.com's waitlist via this link. Trip.com will provide free transportation to the cruise terminal for ticket-holders from any location in Singapore.
About Trip.com
Trip.com is an international one-stop travel service provider, available in 24 languages across 39 countries and regions in 35 local currencies. Trip.com has an extensive hotel and flight network consisting of more than 1.7 million hotels and flights from over 600 airlines covering 3,400 airports in 220 countries and regions around the globe. Trip.com's world-class 24/7 multilingual customer service, as well as additional centres in Edinburgh, Tokyo and Seoul, help to 'create the best travel experience' for its millions of customers worldwide. To book your next trip, visit Trip.com.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Global Cruise Travel Booms as Trip.com Anticipates Record Demand for Disney Adventure
