The 2024 ITB China Shanghai International Tourism Trade Fair kicked off at the World Expo Exhibition and Convention Center on May 27. PhotonPay was invited to attend the event together with Trip.com Group, China Association of Travel Services (CATS), Pan Pacific Hotels Group, Tongcheng Travel, Wyndham Hotel Group and other world-renowned companies and associations. PhotonPay brought  global integrated payment solution to the F14 booth, discussed business opportunities and sought common development with global aviation and travel industry professionals, and promoted the digital upgrade of the aviation and travel industry.

Industry elites gather to explore the future of the global travel industry

With the theme of "New Vision - Future Together", this year's exhibition will bring together the world's most cutting-edge travel products and services, provide professional and accurate trade matching services, diversified business social activities, and opportunities to quickly expand contacts and explore cooperation.

According to the organizers, this edition fo the exhibition will feature more than 1,000 selected buyers and 240 domestic and international media, representing a significant increase of 60% in scale compared to 2023; it will bring together a line-up of exhibitors from all over the world and from different categories, including travel enterprises and organizations from Asia and Oceania (22%), Europe (28%), China (16%), the Middle East (11%), the Americas (12%) and Africa (9%) The exhibitor categories cover the entire tourism supply chain, including ground handlers/travel agents (34%), accommodation (23%), national and regional tourism promotion agencies (15%), local events and attractions (10%), transportation (7%) and travel technology (7%).

As an invited exhibitor, PhotonPay's senior business team held in-depth discussions and exchanges with travel professionals from all over the world, sharing the company's latest technology and products, and better assisting the travel industry to reduce costs and increase efficiency, transformation and upgrading, with on-site inquiries constantly. In addition, PhotonPay has prepared a number of re-customer gifts, which were loved by the audience.

Against the backdrop of fluctuating global trade, the long-suppressed tourism industry is sailing against the wind. According to the World Travel & Tourism Council (WTTC), the contribution of tourism to the global economy will reach a staggering $11.1 trillion in 2024, and is expected to climb to $16 trillion by 2034, becoming an important engine for global economic growth. With the recovery and development of the global tourism industry into the fast lane, hotel payment, air ticket payment, attraction tickets and other payment problems are becoming more and more prominent, at the same time, how to realize safe and efficient international payment and intelligent expense management has also become an important issue that travel enterprises need to solve.

As a pathfinder in the field of payment innovation in the global aviation and travel industry, PhotonPay continues to penetrate into the industry chain segments of OTAs (online travel agencies), TMCs (business travel management companies), hotels, and air ticket agents to bring integrated payment solutions. Whether you need to buy air tickets, pay for hotels, rent a car, or pay for attraction tickets or visa fees, Photon Card can help you realize fast online payment. The virtual credit card products launched by Photon Card support online batch card opening, multi-currency settlement, and ultra-low rates, which are more in line with the needs of the aviation and travel industry consumption.

This edition fo the exhibition starts from May 27th and ends on May 29th, a total of three days, PhotonPay team will be stationed on site during the exhibition, and we sincerely invite colleagues from global aviation and travel enterprises to visit our booth [F14], to have one-on-one exchanges with our senior experts in global business, and to explore global business opportunities together!