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Haivision Announces Results for the Three Months and Nine Months Ended July 31, 2024

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2 years ago

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Operational Restructuring Now Complete, Focus Turns to Higher Revenue Growth

MONTREAL, Sept. 11, 2024 /CNW/ – Haivision Systems Inc. (“Haivision” or the “Company”) (TSX: HAI), a leading global provider of mission critical, real-time video networking and visual collaboration solutions, today announced its results for the third quarter ended July 31, 2024.

“As we get closer to the end of our Fiscal 2024, I’m proud to say that we have completed our 2-year strategic plan for major EBITDA and profitability transformation,” said Mirko Wicha, Chairman and CEO of Haivision.  Successfully transitioning out of low margin businesses, our focus over the next two years will be to return Haivision to organic, double-digit revenue growth.”  

Q3 2024 Financial Results

Revenue of $30.6 million, down from the prior year comparative period, partially the result of delays in the U.S. budget approval, but also reflect our transformation away from the bespoke “integrator” model and our success in the long-term rental program.Gross Margins* were 75.0%, a significant improvement from 71.9% for the same prior year period.Total expenses were $21.9 million, a decrease of $3.8 million, from the same prior year period.Operating profit was $1.1 million, a $1.8 million or 333% improvement from the same prior year period.Adjusted EBITDA* was $4.1 million, consistent with the prior year period.Adjusted EBITDA Margins* was 13.5%, compared to 12.4% for the same prior year period.Net income was $0.4 million, a $1.3 million or 298% improvement from the same prior year period.

Financial Results for the nine months ended July 31, 2024

Revenue of $99.4 million, down from the prior year comparative period, partially the result of delays in approval of the U.S. federal budget, but also reflects our transformation away from the bespoke integrator model, our success in the long-term rental program and are departure from the house of worship business.Gross Margins* were 73.1%, a notable improvement from 69.1% for the same prior year period.Total expenses were $67.4 million, a decrease of $7.0 million from the same prior year period.Operating profit was $5.2 million, a $7.7 million or 317% improvement from the same prior year period.Adjusted EBITDA* was $14.4 million, a $5.3 million or 78% improvement from the same prior year period.Adjusted EBITDA Margins* was 14.5%, a signficant improvement when compared to 8.7% for the same prior year period.Net income was $2.6 million, a $6.4 million or 243% improvement from the same prior year period.

Key Company Highlights

Haivision joins consortium with Airbus Defense and Space to develop new technologies for rapid, secure, and reliable communications.Haivision MCS awarded US$61.2 million (CAD$82 million) production agreement by U.S. Navy for next-generation combat visualization and video distribution systems.Haivision collaborates with Shield AI to bring together full-motion video with AI object detection for defense and ISR applications.France Television provides exclusive coverage of the Paris 2024 Olympic surfing competition with Haivision’s private 5G video transmission ecosystem.Celebrated its 20-years anniversary as a leader and innovator in mission critical live video.Unveiled Hub 360, a cloud-based master control solution that streamlines live production workflows.Published its fifth annual Broadcast Transformation Report, highlighting the state of technology adoption in the broadcast industry.Awarded “Single/Dual-Stream Encoding Hardware” and “Best On-Prem Encoding/ Transcoding Solution” for the Makito X4 by Streaming Media Readers’ Choice Awards.Joined the Panasonic Partner Alliance for live video production workflows with Kairos; joined the Sony Cloud Production Platform for low latency live video in the cloud; and partnered with Grabyo, a London-based live cloud production platform, enabling integrated solution for live multi-camera productions.Announced strategic partnerships with CP Communications, Flypack, RF Wireless Systems, and Vidovation to extend mobile video transmitters rental services into North America.

“Haivision MCS’s recent award of a C$82M production agreement by the U.S. Navy, the Airbus Defense development partnership, and our investment in AI development demonstrate our ability to deliver advanced technology solutions for our key markets. Said Dan Rabinowitz, Chief Financial Officer and EVP, Operations.  These are but a few example of growth opportunities for the Company.  It has clearly been a busy year for Haivision.”

Financial Results

Revenue for the three months and nine months ended July 31, 2024 was $30.6 million and $99.4 million, respectively modest decrease when compared to the prior year comparative period.  In this last quarter revenues were impacted by delays in the approval of a U.Ss Federal spending bill which, in turn, delayed certain procurement process; our transition away from the integrator model in the control room space, which offered lower-margined, third-party components; our long-term rental program which will offer a recurring revenue model and enhanced margins in our transmitter business; and our departure from the house of worship market in fiscal 2023.

Gross Margin* for the three months and nine months ended July 31, 2024 was 75.0% and 71.9%, respectively compared to 72.0% and 69.1% for the prior year comparable periods. Gross Margin* were positively impacted by our decision to exit the managed services business; transitioning away from the integrator model in the control room market, decreases in the incremental costs of components procured during the worldwide component shortage, and supply chain improvements.   

Total expenses for the three months and nine months ended July 31, 2024 were $21.9 million and $67.4 million, respectively representing decrease of $3.8 million and $7.0 million when compared to from the prior year comparative periods, largely the result of recently completed restructuring efforts. 

The result of these Gross Margin* improvements and lower total expenses was operating profits for the three months and nine months ended July 31,, 2024 of $1.1 million and $5.3 million, respectively representing improvements of $1.6 million and $7.7 million when compared to the prior year comparable periods. Adjusted EBITDA* for the three months ended July 31, 2024 was $4.1 million a modest decrease of $0.2 million from the prior year period.  However, Adjusted EBITDA* for the nine-month period ended July 31, 2024 was $14.4 million representing a significant increase of $5.3 million (or 58%) from the prior year comparative period. Adjusted EBITDA Margins* for the three months ended July 31, 2024, was 13.5% compared to 12.4% in the prior year comparative period.  Adjusted EBITDA Margins* for the nine months ended July 31, 2024, was 14.5% compared to 8.7% in the prior year comparative period.

Net income for the three months ended July 31, 2024, was $0.4 million representing an increase of $1.3 million from the prior year net loss of $0.9 million, and net income for the nine months ended July 31, 2024 was $2.6 million and increase of $6.4 million from the prior year loss of $3.8 million.

 *Measures followed by the suffix “*” in this press release are non-IFRS measures. For the relevant definition, see “Non-IFRS Measures” below. As applicable, a reconciliation of this non-IFRS measure to the most directly comparable IFRS financial measure is included in the tables at the end of this press release and in the Company’s management’s discussion and analysis for the three months and nine months ended July 31, 2024.

Conference Call Notification

Haivision will hold a conference call to discuss its second quarter financial results on Thursday, September 12, 2024 at 8:30 am (ET). To register for the call, please use this link https://registrations.events/direct/Q4I3341499 .  After registering, a confirmation will be sent through email, including dial in details and unique conference call codes for entry.

Financial Statements, Management’s Discussion and Analysis and Additional Information 

Haivision’s unaudited interim consolidated financial statements for the third quarter ended July 31, 2024 (the “Q3 Financial Statements”), the management’s discussion and analysis thereon and additional information relating to Haivision and its business can be found under Haivision’s profile on SEDAR+ at www.sedarplus.ca. The financial information presented in this release was derived from the Q3 Financial Statements.

Forward-Looking Statements

This release includes “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws, including, without limitation, statements regarding the Company’s growth opportunities and its ability to execute on its growth strategy. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.

Forward-looking statements are necessarily based on opinions, assumptions and estimates that, while considered reasonable by Haivision as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under “Risk Factors” in the Company’s latest annual information form, and in other periodic filings that the Company has made and may make in the future with the securities commissions or similar regulatory authorities in Canada, all of which are available under the Company’s SEDAR+ profile at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect Haivision. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. Haivision undertakes no obligation to publicly update any forward-looking statement, except as required by applicable securities laws.

Non-IFRS Measures

Haivision’s consolidated financial statements for the third quarter ended July 31, 2024 are prepared in accordance with International Financial Reporting Standards (“IFRS”).  As a compliment to results provided in accordance with IFRS, this press release makes reference to certain (i) non-IFRS financial measures, including “EBITDA”, and “Adjusted EBITDA”, (ii) non-IFRS ratios including “Adjusted EBITDA Margin”, and (iii) supplementary financial measures including “Gross Margins” (collectively “non-IFRS measures”). These non-IFRS measures are not recognized measures under IFRS and do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of our financial information reported under IFRS. Rather, these non-IFRS measures are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors, and other interested parties frequently use non-IFRS measures in the evaluation of issuers. Our management also uses non-IFRS measures to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. For information on the most directly comparable financial measure disclosed in the primary financial statements of Haivision, composition of the non-IFRS measures, a description of how Haivision uses these measures and an explanation of how these measures provide useful information to investors, refer to the “Non-IFRS Measures” section of the Company’s management’s discussion and analysis for the three months and nine months ended July 31, 2024, dated September 11, 2024, available on the Company’s SEDAR+ profile at www.sedarplus.ca, which is incorporated by reference into this press release. As applicable, the reconciliations for each non-IFRS measure are outlined below. Non-IFRS measures should not be considered as alternatives to net income or comparable metrics determined in accordance with IFRS as indicators of the Company’s performance, liquidity, cash flow and profitability.

About Haivision

Haivision is a leading global provider of mission-critical, real-time video streaming and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision making. We provide high quality, low latency, secure, and reliable live video at a global scale. Haivision open sourced its award-winning SRT low latency video streaming protocol and founded the SRT Alliance to support its adoption. Awarded four Emmys® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Founded in 2004, Haivision is headquartered in Montreal and Chicago with offices, sales, and support located throughout the Americas, Europe, and Asia. Learn more at haivision.com. 

Thousands of Canadian dollars (except per share amounts)

Three months ended

July 31,

Nine months ended

July 31,

2024

2023

2024

2023

($)

($)

($)

($)

Revenue

30,646

34,954

99,394

104,132

Cost of sales

7,665

9,826

26,709

32,133

Gross profit

22,981

25,128

72,685

71,999

Expenses

Sales and marketing

6,744

7,823

20,378

23,339

Operations and support

3,939

3,820

11,903

11,409

Research and development

6,713

7,236

20,738

22,542

General and administrative

3,870

4,740

12,788

14,036

Share-based payment

585

449

1,627

1,545

Restructuring costs

—

1,546

—

1,546

21,851

25,615

67,434

74,417

Operating Profit (loss)

1,131

(486)

5,251

(2,417)

Financial expenses

206

393

749

1,337

Income (loss) before income taxes

925

(880)

4,502

(3,754)

Income taxes

Current

887

(388)

2,236

(242)

Deferred

(397)

371

(378)

283

490

(17)

1,858

40

Net income (loss)

435

(863)

2,644

(3,795)

Other comprehensive income (loss)

Foreign currency translation adjustment

785

(2,670)

203

(2)

Comprehensive income (loss)

1,221

(3,532)

2,848

(3,797)

Net income (loss) per share:

       Basic

$0.01

$(0.03)

$0.09

$(0.13)

       Diluted

$0.01

$(0.03)

$0.09

$(0.13)

 Weighted average number of shares outstanding

       Basic

29,038,392

29,004,453

29,074,599

28,964,172

       Diluted

30,162,758

29,004,453

30,123,314

28,964,172

Thousands of Canadian dollars

As at

July 31,
2024

October 31,
2023

$

$

Assets

Current assets

             Cash

13,882

8,285

             Trade and other receivables

24,676

26,113

             Investment tax credits receivable

2,044

2,238

             Inventories

15,581

18,930

             Prepaid expenses and deposits

3,828

4,043

60,011

59,609

Property and equipment

3,727

3,900

Right-of-use assets

6,199

7,494

Intangible assets

12,727

17,668

Goodwill

46,309

46,219

Non-refundable investment tax credits receivable

7,313

5,602

Deferred income taxes

3,953

3,599

80,228

84,482

140,239

144,091

Liabilities

Current liabilities

            Line of credit

3,402

4,685

            Trade and other payables

14,031

17,534

            Restructuring costs payable

70

240

             Purchase price payable

208

204

            Income taxes payable

1,779

659

            Current portion of lease liabilities

1,677

1,688

            Current portion of term loans

1,138

964

            Deferred revenue

12,672

12,104

34,977

38,078

Lease liabilities

5,460

6,738

Long term debt

1,664

2,101

Deferred revenue

3,009

3,021

45,110

49,938

Equity

Share capital

89,900

90,902

Retained earnings

(7,792)

(9,997)

Share-based compensation and other reserves

4,864

5,295

Cumulative translation adjustment

8,157

7,953

95,129

94,153

140,239

144,091

 

Thousands of Canadian dollars

Three months ended

 July 31,

Nine months ended

July 31,

2024

2023

2024

2023

($)

($)

($)

($)

Net Income (loss)

434

(863)

2,644

(3,795)

Income Taxes

490

(17)

1,858

40

Income (loss) before income taxes

925

(880)

4,502

(3,755)

Depreciation

828

768

2,561

2,315

Amortization

1,602

2,053

4,947

6,091

Financial expenses

206

393

749

1,337

EBITDA(1)

3,561

2,335

12,759

5.988

Share-based payments (LTIP)

585

449

1,627

1,545

Restructuring costs

—

1,546

—

1,546

Adjusted EBITDA(1)

4,146

4.330

14,386

9,079

Adjusted EBITDA Margin(1)

13.5 %

12.4 %

14.5 %

8.7 %

___________________

Note:

(1) Non-IFRS measure. See “Non-IFRS Measures.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/haivision-announces-results-for-the-three-months-and-nine-months-ended-july-31-2024-302245405.html

SOURCE Haivision Systems Inc.

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HUAWEI WATCH D3 Debuts at ISH-ECS 2026, Bringing Advanced Blood Pressure Monitoring into Everyday Life

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13 minutes ago

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October 27, 2026

By

DUBAI, UAE, Oct. 27, 2026 /PRNewswire/ — The 31st International Society of Hypertension Scientific Meeting and 17th Emirates Cardiac Society Annual Conference (ISH-ECS 2026) took place in Dubai from 22 to 25 October 2026. As a major international gathering dedicated to hypertension, the conference brought together leading organisations and experts from around the world to discuss the latest research and developments in hypertension prevention and management.

International experts presented findings from their research using HUAWEI WATCH D Series wearable blood pressure monitors, highlighting the potential of wearable technology to support blood pressure monitoring and management. Huawei, a member of the International Society of Hypertension (ISH), also showcased its newly launched HUAWEI WATCH D3 at the event. At the Huawei exhibition area, attendees had the opportunity to experience the new device’s medical-grade blood pressure monitoring capabilities across different scenarios first-hand, offering a closer look at how advanced wearable technology can make blood pressure monitoring more convenient and accessible in everyday life.

Huawei Establishes Wearable Blood Pressure Technology Innovation Fund to Advance Research

Hypertension is one of the most common chronic conditions worldwide and a leading risk factor for cardiovascular disease. Despite advances in prevention and treatment, blood pressure control rates remain low globally, highlighting the need for more effective monitoring and management.

To support further research in this field, Huawei has established the Wearable Blood Pressure Technology Innovation Fund in collaboration with ISH. The fund focuses on two key areas: wearable blood pressure measurement and wearable blood pressure management. It aims to encourage innovation, explore new applications for wearable technology, and support advances in hypertension prevention and management worldwide.

At the conference, researchers leading the first three projects selected for funding, from more than 80 applications, were invited to present their work. The projects involve researchers from the University of Colombo in Sri Lanka and the University of Edinburgh in the UK, Peking University People’s Hospital in China, and the University of Cambridge in the UK. The funding will support further research into blood pressure management using HUAWEI WATCH D series devices.

Airbag-Based Wearables Gain Recognition in Hypertension Guidelines

As wearable health technology continues to advance, wrist-worn blood pressure monitors using inflatable cuffs and oscillometric measurement technology are gaining recognition within the international medical community.

These devices have been addressed in several international guidelines and expert consensus statements, including the European Society of Hypertension’s Wearable Wrist-Watch Type Cuff Oscillometric Blood Pressure Monitors: Consensus Statement, the 2026 ISH Global Hypertension Practice Guidelines, and the HOPE Asia Network Asian Hypertension Guidelines. These publications recognise the potential role of validated wrist-worn oscillometric devices in blood pressure self-monitoring. Experts at the conference also discussed the significance of these developments and their implications for future clinical applications.

In China, the Chinese Guidelines for the Prevention and Management of Hypertension (2024 Edition) included wrist-worn oscillometric blood pressure monitoring for the first time. Meanwhile, the Expert Recommendations for Ambulatory Blood Pressure Measurement Using Wearable Devices recommended the use of smart wearable devices validated against international standards for ambulatory blood pressure monitoring. Together, these developments reflect growing international recognition of the role wearable technology can play in hypertension management.

During the “HUAWEI Wearable Technology” innovation and HUAWEI WATCH D3 experience sessions, HUAWEI experts introduced the technologies and applications behind the company’s approach to comprehensive health management. International hypertension specialists also shared their perspectives on the HUAWEI WATCH D3 and its potential to make blood pressure monitoring more accessible.

Professor Wang Jiguang, President of the Chinese Hypertension Association, noted: “Innovations like Minimally Disruptive ABPM and environmental monitoring reminder by Huawei Watch D3 may be inspiring for shaping a new direction on how future blood pressure management is automated and seamlessly embedded into daily life, via wearable devices”.

Professor George Stergiou, President of the International Society of Hypertension, described the Huawei Watch D3 as a novel, reliable wearable device that provides insights into blood pressure profiles and patterns. He also noted that the European Society of Hypertension (ESH) and the ISH encourages the clinical use of validated wrist-cuff blood pressure monitors, while calling for further research into their implementation in clinical practice.

Professor Maryam Al Saeed of Mohammed Bin Rashid University of Medicine and Health Sciences commented, “Dubai Health and Huawei are collaborating on a clinical research initiative to evaluate non-invasive wearable technology for earlier diabetes risk, leveraging real-world health data to advance personalized prevention, enable proactive healthcare, and improve long-term health outcomes across diverse populations.”

HUAWEI WATCH D3 Combines Monitoring with Everyday Convenience

Gong Yuansong, Vice President of Huawei’s Smart Wearable and Sports Health Product Line (Solutions and Ecosystem), delivered a keynote speech at the conference. He highlighted a growing shift in attitudes towards personal health, with people moving beyond treatment towards proactive monitoring and early prevention. Blood pressure management is also evolving, extending beyond individual measurements and hospital visits to become part of everyday health routines.

He added, “Smart wearables and comprehensive health insight capabilities, such as health glance, trends, and readiness scores, are promising to help users understand and gradually act to improve their health span.”

The HUAWEI WATCH D3 is the latest addition to Huawei’s health-focused wearable portfolio. As the third generation of Huawei’s wrist-worn blood pressure monitors, it combines professional measurement capabilities with a lightweight design and features that support everyday blood pressure management.

Equipped with ultra-narrow airbag oscillometric measurement technology, the HUAWEI WATCH D3 also introduces a new mode for measuring blood pressure before and after exercise. By tracking changes in blood pressure in response to physical activity, the feature helps users identify potentially abnormal responses and provides relevant insights and recommendations to support safer, more informed exercise. This mode is the first of its kind in the industry to receive EU CE certification under the Medical Device Regulation (MDR) and Class II medical device registration in China.

HUAWEI has also partnered with Ruijin Hospital, affiliated with Shanghai Jiao Tong University School of Medicine, to launch the Minimally Disruptive ABPM Study. The research initiative is also set to expand to countries including Saudi Arabia and Malaysia through partnerships with local research institutions.

The study explores a hybrid measurement approach that combines all-day photoplethysmography (PPG) monitoring with precise airbag-based oscillometric measurements for calibration. This approach aims to reduce the number of required cuff-based measurements from 27 to 7, helping to minimise disruptions during ambulatory blood pressure monitoring.

The monitoring approach also provides users with a detailed overview of their blood pressure patterns, including 24-hour, daytime and night-time averages, as well as charts showing how their blood pressure changes throughout the day. These insights can help users better understand their blood pressure trends and support long-term management.

From academic exchange to technological innovation, ISH-ECS 2026 highlighted the growing potential of wearable technology to transform blood pressure management. With innovations such as the HUAWEI WATCH D3, Huawei is bringing advanced health monitoring capabilities beyond clinical settings and into everyday life, helping people take a more proactive role in managing their own health.

SOURCE Huawei

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3TREES Shines at Big 5 Construct Kenya, Showcasing Healthy Living Solutions for East Africa

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13 minutes ago

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October 27, 2026

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PUTIAN, China, Oct. 27, 2026 /PRNewswire/ — 3TREES recently showcased its green coating solutions at Big 5 Construct Kenya, a major building and construction trade show in East Africa that opened on October 21, 2026, at the Sarit Expo Centre in Nairobi. Guided by its “Create Healthy Life” philosophy, 3TREES presented a broad product portfolio at Hall 1, Booth 1J17, attracting strong interest and active business discussions. The event also strengthened the brand’s visibility among regional customers and industry partners.

The exhibition marked another step in 3TREES’ expansion in East Africa. Continued infrastructure investment and urbanization across the region are driving demand for building materials that are environmentally friendly, healthy, durable and suited to local conditions. Through the exhibition, 3TREES introduced integrated green coating solutions for regional construction needs.

The product showcase covered stone-effect exterior coatings, inorganic interior coatings, artistic finishes, waterproofing membranes and coatings, and floor coatings. Together, these products demonstrated 3TREES’ capabilities across wall and floor applications and helped visitors gain a clearer understanding of the company’s product quality, technologies and service strengths.

The booth welcomed distributors, engineering purchasers, contractors and industry professionals from Kenya, Tanzania, Uganda, Ethiopia and other East African markets. Visitors discussed product performance, application methods, technical standards, local adaptability and distribution cooperation with the 3TREES team. Through one-to-one consultations, the team introduced key technologies and application scenarios while sharing experience from engineering and residential projects in China. The exchanges generated positive feedback and opportunities for further cooperation.

Looking ahead, 3TREES will continue adapting its product formulations and coating solutions to East Africa’s high temperatures, intense ultraviolet exposure, concentrated rainy seasons and local construction standards. The company will also advance regional channel development and strengthen technical support and after-sales services to better serve local customers.

Building on its research and development strengths and broad product portfolio, 3TREES will deepen industry exchange and strategic cooperation, introduce mature green coating technologies and solutions to more overseas markets, and support the green development of East Africa’s building materials industry. Through sustained localization, the company aims to bring healthier and greener products to more households and construction projects across the region.

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Festive Travel Gets More Intentional: Indian Travelers Look Beyond the Traditional Holiday, Agoda Reports

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13 minutes ago

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October 27, 2026

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SINGAPORE, Oct. 27, 2026 /PRNewswire/ — For Indian travelers, the October to November festive period is increasingly becoming an opportunity to combine celebrations with a change of scene. With Dussehra, Durga Puja and Diwali approaching, accommodation search trends on digital travel platform Agoda show travelers looking at a mix of international experiences and domestic leisure breaks. Based on searches made between August 1 and September 30, 2026, for stays between October 15 and November 30, Bangkok, Phuket and Tokyo emerged as the top three international cities searched by Indian travelers, while Goa, Puri and Udaipur were the most popular domestic destinations.

Asia remains central to the festive itinerary for international travel

International travel interest for Indian travelers is led by destinations across Asia, with Thailand, Vietnam and Japan emerging among the most searched countries recording 55%, 86% and 125% growth in searches respectively compared to last year. Sri Lanka on the other hand recorded the almost 262% year-on-year growth in searches among the top international destinations, followed by Hong Kong SAR, China at nearly 138% indicating growing interest across a mix of destinations that offer cultural, culinary and leisure experiences.

At the city level, Bangkok and Phuket in Thailand recorded 65% and 51% growth in searches, respectively, offering travelers a combination of cultural landmarks such as the Grand Palace and Wat Pho along with local food and coastal experiences. In Vietnam, Phu Quoc recorded 124% growth in searches by Indian travelers, with its beaches, island-hopping experiences and night markets offering a mix of leisure and local experiences. Hanoi recorded a 94% increase, with attractions such as the Old Quarter and Hoan Kiem Lake offering a glimpse of the city’s heritage. Tokyo also recorded 109% growth in searches from India, with the October to November travel window coinciding with its autumn foliage season, when spots such as Shinjuku Gyoen become popular for ‘Kōyō’, Japan’s tradition of enjoying the changing colors of the leaves.

Festive escapes return to perennial favorites

Within India, festive travel trends reflect a mix of leisure, cultural and nature-led getaways. Goa saw nearly 43% year-over-year growth in searches, while Udaipur grew by nearly 29%, reflecting continued interest in established leisure and heritage destinations. Puri recorded 318% growth in searches, followed by Ooty at 166% and Munnar at 107%, pointing to interest in coastal, hill and nature-focused breaks. Varanasi also recorded 92% year-over-year growth, adding to interest in destinations associated with India’s cultural and spiritual heritage.

Gaurav Malik, Country Director, Indian Subcontinent & Indian Ocean Islands, Agoda, shared: “The festive period has traditionally been when travel and celebration come together, but the destinations people are considering reveal that there are now various ways to spend this time. We are seeing interest span beach holidays, city breaks, cultural destinations and hill station escapes, suggesting that travelers are choosing destinations around the experience they want to have, rather than simply following a conventional itinerary. For Agoda, this also means helping people discover the right stay and experiences around increasingly diverse ways of traveling.”

As travelers increasingly shape festive getaways around the experiences they want to discover, Agoda brings stays, flights and activities together in one place, giving travelers access to more than 6 million holiday properties, over 130,000 flight routes and more than 300,000 activities worldwide through its website and mobile app.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/festive-travel-gets-more-intentional-indian-travelers-look-beyond-the-traditional-holiday-agoda-reports-302920234.html

SOURCE Agoda

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