Export news in brief: Asia, antiques, flights, travel, business trips

Export news in brief
Export news in brief

Barneby’s auctions opens up Asian antiques market

Barnebys, the world's largest search engine for fine art and antiques auctions, is launching in China to open up the Asian market to the world’s buyers and sellers.

The Chinese art market remains the second largest behind the US, accounting for 30.19% of the market total. For Barnebys, the Hong Kong launch is a stepping-stone into the wider Chinese mainland market.

The Barnebys Hong Kong launch includes a website in Chinese, as well as dedicated newsletters, Facebook page, Twitter and Weibo.

Barnebys Founder and head of content Pontus Silfverstolpe says: “’The auction market is global and Barnebys intends to be a pioneer of new markets. So we believe that it is time to focus on China, as it is one of the world's largest markets for art and antiques.

“Our experience of entry into other markets in Europe and the USA tells us that we can expect to have 20 to 25 million Chinese buyers and sellers within the first five years. It is time for Barnebys to feed the Chinese dragon with the world’s collated art, design, antiques and collectibles.”

Women save businesses money by booking flights earlier

Women book their flights 1.9 days earlier than their male counterparts and therefore pay an average of around two percent less for their tickets than men.

According to Carlson Wagonlit Travel (CWT)’s analysis of 6.4 million air booking transactions, the financial implications of these findings are significant. For companies with 1,000 business travellers, the difference – and therefore the potential saving – is just under $50,000 a year. That rises to $1 million for a traveller base of 20,000.

Other findings include the fact that people tend to book flights further in advance the older they are. Additionally, as people’s flying frequency increases, they typically book flights closer to their departure date. Interestingly, the gender gap almost disappears among the most frequent travellers.

CWT Solutions Group senior director data and analytics, Catalin Ciobanu said, “This analysis technique opens up a whole new range of opportunities in the quest for personalised travel. It can also be applied to many other types of traveller segmentation, including geography, booking channel used, or individual business unit, for example.

“Ultimately, by knowing our travellers better we can improve both their experience, as well as the effectiveness and efficiency of corporate travel programmes.”