Asia Pacific is now the world’s largest travel market (33%) led by China (220 million outbound trips by 2025) and Southeast Asia which is the fastest growing region (increasing at 7% vs global 3%). The market for Global Travel Activities is the 3rd largest travel sector in the world and set to grow to US$129 billion by 2020.
WEGOGO is launching its own WeGold Travel Token to pioneer a new decentralized, fair-share ecosystem -‘PathFinder Model’ - to empower travel loving people to help discover and share the long tail of travel experiences. This peer-to-peer model incentivises our PathFinders to create a new stream of income doing what they love and scale the ‘Unscalable’.
Currently, WEGOGO has a proven system on WeChat, iOS and soon-to-be launched Andriod featuring over 10 islands and 400 activities with over 5,000 transactions conducted on its beta. By 2020, WEGOGO will expand to cover 125 destinations and 16,000 activities for bookings.
Founded in 2015 with a mission to connect the rise of Asian FITs - Free & Independent Travellers - to the long tail of the world’s most aspirational travel experiences, such as island getaways, adventure pursuits, eco-tourism, and authentic local activities.
In 2016, we introduced a WeChat based Social Travel App that enabled Chinese tourists to discover and book aspirational travel experiences across its first launch region of South East Asia.
As part of our initial efforts to grow our user base and determine market acceptance, we launched our first aspirational “Island Fever” campaign in 2017 with over 400 curated activities across 10 key destinations in South East Asia featuring videos, story-telling and key online influencers social media sharing.
This was followed up in 2017 with the launch of an IOS-based App, integrated with WeChat Pay, Alipay as well as popular international credit cards via Stripe.
The WEGOGO App validated the demand for such travel experiences, many of these truly localized and authentic experiences by small local travel service providers were not featured on larger and more established OTAs (Online Travel Agents) such as Ctrip, Tuniu and AliTrip.
Since December 2017, we have achieved 5,000 transactions, giving us the confidence that it addresses the needs of both the target Chinese travellers and the long tail service providers – both sides of the Aspirational Travel value chain.
In 2018, the “Island Fever” campaign will be expanded to cover 25 island-based destinations and over 3,000 exciting and authentic experiences. By 2020, our goal is to attain over 125 island destinations, and 16,000 activities for bookings.
They will continue to first serve outbound Chinese travellers – the largest Asian travel market - to grow its traction and scale, focusing on local & authentic South East Asia destinations as its core, and then leveraging that local knowledge and presence to serve South East Asian travellers – the world’s fastest online travel growth market.
|“||Q2 2018: Launch WeGold ICO; Test Beta of Parthfinder Module.
Q3 2018: Conclusion of WBeta Release of PathFinders Module.
Q4 2018: Launch of PathFinders Program.
Q1 2019: Implement blockchain Incentive and Rewards System.
Q4 2019: Launch of Blockchain Micro-finance Program.
|Wong Toon King||Chairman of WEGOGO & Managing Partner of FarSight Capital||https://www.linkedin.com/in/tkwong http://wegogo.com/en/||3|
|Mak Chee Wah||Founder & CEO of WEGOGO||https://www.linkedin.com/in/chee-wah-mak-154b2||3|
|Richard Tan||Co-Founder & COO of WEGOGO||https://www.linkedin.com/in/richard-tan-a406bb3||3|
|Yue Yew Hoong||Co-Founder & CFO of WEGOGO||https://www.linkedin.com/in/yew-hoong-yue-2806016||3|
|Reene Ho-Phang||Founder & MD of BrandStory||https://www.linkedin.com/in/reenehophang||3|
|Kathleen Tan||President of China, AirAsia||https://www.linkedin.com/in/tankathleen https://www.airasia.com/||Advisor||3|
|Andrew Chua||Executive Chairman||https://www.linkedin.com/in/andrew-chua-a9b21487 http://www.easb.edu.sg/en||Advisor||3|
|Robin Yap||Asia President of||https://www.linkedin.com/in/robin-yap-%E8%91%89%E6%88%90%E7%BE%8E-4342412a https://ttc.com/||Advisor||3|
|Peter Phang||China Managing Director of Las Vegas Convention & Visitors Authority||https://www.linkedin.com/in/peter-phang http://brandstory.asia/||Advisor||3|
|Linus Tham||Group CIO Parkway Healthcare||https://www.linkedin.com/in/linus-tham-a09226||Advisor||3|
|Jason Tham||CEO Rational Systems,||https://www.linkedin.com/in/jason-tham-771b8b17||Advisor||3|
|Eldwin Wong||Entrepreneur & ICO Consultant||https://www.linkedin.com/in/eldwinwong||Advisor||6.3|
|Christopher Yong||Partner, Kennedys Legal Solutions||https://www.linkedin.com/in/yongchristopher||Advisor||3|