Singapore welcomes Korean startup accelerator to its travel tech space

September 2, 2022 Singapore Emerging Markets

With the set-up of the Korea Tourism Startup Center (KTSC) in Singapore, tourism stakeholders in South-east Asia can look forward to innovative travel tech solutions for their businesses.

The Korean Tourism Organization (KTO) officially launched the travel tech accelerator yesterday with an opening ceremony and demo day where 13 Korean startups from the pilot batch presented their novel ideas in five-minute pitches.

They were selected from KTO HQ’s Tourism Startup Global Challenge Programme for startups to venture into overseas markets.

Demo day for pitches
On its value proposition, John Lee, CEO of H2O Hospitality, pitched that his startup is able to “triple the direct booking volumes, lower 50 per cent of operating costs and increase 30 per cent of weekday sales on average” for customers.

With 160 employees in South Korea, Japan, Thailand and Vietnam, Lee’s startup provides digital management solutions and services tailored to the customer’s situation for the digital transformation of accommodation facilities.