Klook Is Positive on Chinese Domestic Travel, Says COO

The video discusses the positive outlook for domestic travel during the Lunar New Year, despite restrictions. It highlights the shift in business focus to local experiences and the expansion of services. Challenges include digitizing merchant operations. The company plans to use raised capital for digital solutions and notes changes in consumer behavior towards online bookings. Despite significant funding, there are no immediate IPO plans.

What is the company's outlook on domestic travel during the Lunar New Year?

• Negative due to travel restrictions

• Positive, with a focus on local leisure activities

• Neutral, with no significant changes expected

• Concerned about international travel

What is one of the main challenges faced by service providers in the current environment?

• Difficulty in digitizing operations

• Lack of interest in leisure activities

• High costs of physical expansion

• Excessive competition from international markets

How is the company planning to use its new funding?

• To increase physical store presence

• To expand internationally

• To invest in traditional advertising

• To develop digital solutions for merchants

What change in consumer behavior is expected to persist post-pandemic?

• Decrease in online bookings

• Increase in online bookings for experiences

• Decline in interest in local activities

• Preference for walk-in visits

What is the company's current stance on pursuing an IPO?

• Waiting for more funding before an IPO

• Already in the process of an IPO

• No immediate plans for an IPO

• Planning to go public soon