logo
ITB China opens, anticipates over 700 exhibitors from 90 countries

ITB China opens, anticipates over 700 exhibitors from 90 countries

Post Views: 34
ITB China opens today withTravTalk ME as media partner will be at ITB China from 27 to 29 May. This year, they anticipate over 700 exhibitors from around 90 countries and regions, while the number of buyers is set to increase by 30%, reflecting the growing global interest in the event. TTME spoke with Lydia Li, Deputy General Manager ITB China to find out more about the much anticipated exhibition for the world. The Middle East market holds significant importance for China's travel industry and ITB China: Firstly, the growing demand for diverse and unique experiences – Chinese outbound travelers, are shifting from mass tourism to premium, personalized experiences. The ME—with destinations like Dubai, Abu Dhabi, and Saudi Arabia—offers shopping, futuristic architecture and exclusive cultural attractions. ITB China bridges ME destinations with Chinese travel agencies by showcasing tailored packages, VIP services, and unique offerings that align with these preferences. Secondly Visa Facilitation and Policy Support – ME countries have streamlined visa processes for Chinese tourists (e.g., visa-on-arrival, e-visa program), removing barriers to travel. ITB China amplifies these advantages by connecting ME tourism boards and agencies with Chinese travel trade buyers, ensuring seamless promotion of visa-friendly policies and destination accessibility. Thirdly MICE Tourism and Business Travel – The ME is a global hub for MICE (Meetings, Incentives, Conferences, Exhibitions) tourism, with world-class venues. As Chinese corporations expand internationally, demand for business travel and corporate events in the ME rises. ITB China facilitates partnerships between ME MICE providers and Chinese enterprises, fostering cross-border collaborations and revenue growth. Visitor can see a stronger lineup of exhibitors from ME this year at ITB China, including country and regional tourism organization Qatar, Israel, Saudi Arabia, Iran, Oman, Ras AI Khaimah Tourism Development Authority, Diriyah, Abu Dhabi, and companies including Miral Destinations, SATGURU TRAVEL AND TOUR SERVICE, IRAN PARDISAN TOUR & TRAVEL COMPANY, Qatar Airways, Steigenberger Hotel & Residence Doha, Safar Pishe Parse Tour and Travel, and many others, meanwhile also have Morrocco, Egypt, Tunisia and Algeria from North Africa.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Oil jumps nearly 9% after Israel's strikes on Iran
Oil jumps nearly 9% after Israel's strikes on Iran

Dubai Eye

time2 hours ago

  • Dubai Eye

Oil jumps nearly 9% after Israel's strikes on Iran

Oil prices jumped nearly 9 per cent on Friday to near multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies. Brent crude futures were up $6.19, or around 8.9 per cent, to $75.55 a barrel at 1019 GMT, after hitting an intraday high of $78.50, the highest since January 27. US West Texas Intermediate crude was up $6.22, or 9.1 per cent, at $74.26 after hitting $77.62, its highest level since January 21. Friday's gains were the largest intraday moves for both contracts since 2022, after Russia's invasion of Ukraine caused a spike in energy prices. Israel said it had targeted Iran's nuclear facilities, ballistic missile factories and military commanders on Friday at the start of what it warned would be a prolonged operation to prevent Tehran from building an atomic weapon, while Iran has promised a harsh response. US President Donald Trump urged Iran to make a deal over its nuclear programme, to put an end to the "next already planned attacks". The National Iranian Oil Refining and Distribution Company said oil refining and storage facilities had not been damaged and continued to operate. The primary concern was whether the latest developments would affect the Strait of Hormuz, said SEB analyst Ole Hvalbye. The key waterway had been at risk of impact from increased regional volatility previously but had not been affected so far, Hvalbye said. There also was no impact to oil flow in the region so far, he added. About a fifth of the world's total oil consumption passes through the strait, or some 18 to 19 million barrels per day (bpd) of oil, condensate and fuel. Analysts at consultancy Sparta Commodities said that any significant crude supply disruptions would lead to sour crude grades being marginally priced out of refineries in favour of light sweets. Under a worst case scenario, JPMorgan analysts said on Thursday that closing the strait or a retaliatory response from major oil producing countries in the region could lead to oil prices surging to $120-130 a barrel, nearly double their current base case forecast. "The key question now is whether this oil rally will last longer than the weekend or a week - our signal is that there is a lower probability of a full-blown war, and the oil price rally will likely encounter resistance," said Janiv Shah, analyst at Rystad. "Fundamentals show nearly all Iranian exports going to China, so Chinese discounted purchases would be most at risk here. OPEC+ spare capacity can provide the stabilizing force," he added. In other markets, stocks dived and there was a rush to safe havens such as gold and the Swiss franc. An increase in oil prices would also dampen the outlook for the German economy, the economic institute DIW Berlin said on Friday. It is the only G7 nation that has recorded no economic growth for two consecutive years. "The increased uncertainty speaks in favour of a higher risk premium on the oil price, which is why it is unlikely to fall below $70 on a sustained basis for the time being... Fundamental data is taking a back seat in the current situation," analysts at Commerzbank said in a note.

Oil jumps nearly 9% after Israel's strikes on Iran
Oil jumps nearly 9% after Israel's strikes on Iran

ARN News Center

time7 hours ago

  • ARN News Center

Oil jumps nearly 9% after Israel's strikes on Iran

Oil prices jumped nearly 9 per cent on Friday to near multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies. Brent crude futures were up $6.19, or around 8.9 per cent, to $75.55 a barrel at 1019 GMT, after hitting an intraday high of $78.50, the highest since January 27. US West Texas Intermediate crude was up $6.22, or 9.1 per cent, at $74.26 after hitting $77.62, its highest level since January 21. Friday's gains were the largest intraday moves for both contracts since 2022, after Russia's invasion of Ukraine caused a spike in energy prices. Israel said it had targeted Iran's nuclear facilities, ballistic missile factories and military commanders on Friday at the start of what it warned would be a prolonged operation to prevent Tehran from building an atomic weapon, while Iran has promised a harsh response. US President Donald Trump urged Iran to make a deal over its nuclear programme, to put an end to the "next already planned attacks". The National Iranian Oil Refining and Distribution Company said oil refining and storage facilities had not been damaged and continued to operate. The primary concern was whether the latest developments would affect the Strait of Hormuz, said SEB analyst Ole Hvalbye. The key waterway had been at risk of impact from increased regional volatility previously but had not been affected so far, Hvalbye said. There also was no impact to oil flow in the region so far, he added. About a fifth of the world's total oil consumption passes through the strait, or some 18 to 19 million barrels per day (bpd) of oil, condensate and fuel. Analysts at consultancy Sparta Commodities said that any significant crude supply disruptions would lead to sour crude grades being marginally priced out of refineries in favour of light sweets. Under a worst case scenario, JPMorgan analysts said on Thursday that closing the strait or a retaliatory response from major oil producing countries in the region could lead to oil prices surging to $120-130 a barrel, nearly double their current base case forecast. "The key question now is whether this oil rally will last longer than the weekend or a week - our signal is that there is a lower probability of a full-blown war, and the oil price rally will likely encounter resistance," said Janiv Shah, analyst at Rystad. "Fundamentals show nearly all Iranian exports going to China, so Chinese discounted purchases would be most at risk here. OPEC+ spare capacity can provide the stabilizing force," he added. In other markets, stocks dived and there was a rush to safe havens such as gold and the Swiss franc. An increase in oil prices would also dampen the outlook for the German economy, the economic institute DIW Berlin said on Friday. It is the only G7 nation that has recorded no economic growth for two consecutive years. "The increased uncertainty speaks in favour of a higher risk premium on the oil price, which is why it is unlikely to fall below $70 on a sustained basis for the time being... Fundamental data is taking a back seat in the current situation," analysts at Commerzbank said in a note.

Hong Kong International Automotive & Supply Chain Expo Kicks Off: 'Phoenix Go Glocal' Empowers Auto Enterprises on a 'New Journey' of Global Expansion
Hong Kong International Automotive & Supply Chain Expo Kicks Off: 'Phoenix Go Glocal' Empowers Auto Enterprises on a 'New Journey' of Global Expansion

Arabian Post

time7 hours ago

  • Arabian Post

Hong Kong International Automotive & Supply Chain Expo Kicks Off: 'Phoenix Go Glocal' Empowers Auto Enterprises on a 'New Journey' of Global Expansion

Opening ceremony HONG KONG SAR – Media OutReach Newswire – 13 June 2025 – The 2025 International Automotive Supply Chain Expo (Hong Kong), co-hosted by the China Association of Automobile Manufacturers, Hong Kong Chinese Enterprises Association, The Chinese Manufacturers' Association of Hong Kong, China General Association For Hong Kong, Macao And Taiwan, and Phoenix Media Group commenced on June 12 and will run until June 15 at AsiaWorld-Expo in Hong Kong. As the expo's only media co-host, Phoenix Media Group is leveraging its international communication resources to provide comprehensive coverage of the automotive industry's cutting-edge technologies showcased at the exhibition, while empowering auto enterprises in their global strategic expansion. Under the theme of 'New Automobiles · New Journey,' the expo features a series of dynamic events, including a high-level summit forum, specialized sharing sessions, and new vehicle launch events by renowned automakers. Adopting a hybrid 'exhibition-plus-conference' model, the expo not only establishes a global display platform for traditional automotive enterprises but also opens up cross-sector collaboration opportunities for emerging sectors such as the low-altitude economy, comprehensively empowering the 'new journey' of China's automotive industry's global expansion. As one of China's industries with the greatest global expansion potential, new energy vehicles (NEVs) are demonstrating immense growth momentum in enterprises' global strategic layouts. Leveraging its unique status as an international financial, legal, and trade center, Hong Kong, in conjunction with the synergistic advantages of the Greater Bay Area's automotive industrial cluster, has built a solid strategic fulcrum for auto enterprises venturing overseas. During the opening ceremony on June 12, Chief Executive of the Hong Kong Special Administrative Region John Lee Ka-chiu emphasized in his address that Hong Kong's international capital market and world-leading professional services provide financing and overseas promotion services for mainland NEV enterprises, while also assisting overseas enterprises in accessing the vast mainland market. Over a hundred global automotive manufacturers, supply chain enterprises, and technology innovation institutions are participating in the expo. This includes 11 major Chinese mainland automakers, with prominent figures such as Mr. Qiu Xiandong, Chairman of China FAW Group Co., Ltd., and Mr. He Xiaopeng, Chairman and CEO of XPeng Inc., attending the event. Additionally, nearly 40 mainland automotive supply chain and technology companies are showcasing their latest products and technologies, including smart cockpits, combined assisted driving systems, and automotive chips. ADVERTISEMENT The expo also features specialized sharing activities. The 'Hong Kong International Commercial Arbitration & Cross-border Financial Strategy Forum' leverages Hong Kong's unique advantages as an international legal service and financial center, focusing on the practical business needs of auto enterprises venturing overseas. It provides practical insights into cross-border legal and financial fields through expert interpretations. Concurrently, the 'Green Wings, Smart Airspace: Greater Bay Area Era of eVTOL' Low-Altitude Economy Cooperation Summit, rooted in the Greater Bay Area's geographical advantages, deeply explores the diverse possibilities of integrating the low-altitude economy with green smart mobility. Phoenix Media Group's international event brand, 'Phoenix Go Glocal,' embodies mission: 'Your Premier International Communication Platform for Going Global.' At this expo, 'Phoenix Go Glocal' is focusing on participating auto enterprises, utilizing various formats such as high-end exclusive interviews and technology deep dives. Combined with its omni-media communication channels, it comprehensively showcases the innovative achievements of China's automotive industry. Simultaneously, by leveraging Hong Kong's unique advantages and the synergistic development momentum of the Guangdong-Hong Kong-Macao Greater Bay Area automotive industrial cluster, 'Phoenix Go Glocal' provides brand communication support for auto enterprises, helping to build international brands with both global vision and local insights. This initiative propels more Chinese enterprises overseas while also supporting more international enterprises in entering China. As the largest overseas omni-media Chinese-language media conglomerate, Phoenix Media Group is dedicated to disseminating Chinese culture and fostering international exchange. Leveraging its global presence, global reporting, and global dissemination advantages, the group operates through a comprehensive international media communication matrix encompassing 'Television Channel, Website, Screen Display, Magazine, and Platforms'. With 63 correspondent stations worldwide, Phoenix Media Group delivers diverse news products, ensuring multi-dimensional content reach to global audiences. It is committed to conveying enterprises' global expansion dynamics, strengthening brand international recognition, and empowering enterprises in their 'going global' endeavors. Hashtag: #Phoenix The issuer is solely responsible for the content of this announcement.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store