September 30, 2023
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Business travel in APAC forecast to reach USD 800bn by 2027

By 481
Business travel in Asia Pacific is forecast for significant growth, with travel spending gaining 41% to USD 567 billion this year ─ and rising to USD 800 billion by 2027. China’s reopening and robust domestic demand will be a big catalyst for the growth. Additionally, today’s business traveller in APAC may spend less overall per […]Continue Reading
Aviation Top Stories

Airfares & hotel rates remain high in Asia: FCM Travel

By 698
According to FCM Consulting’s latest Global Trends Report, Q2-2023 is one of two halves. One sees the Northern Hemisphere push travel demand over summer, while the other sees the rest of the world plateau. The volume of business trips increases, and travel patterns stabilise although disruption remains due to extreme weather and airport staffing shortages. […]Continue Reading
Aviation Top Stories

Drop of additional 5bn global passengers due to Covid by year end: ACI World

By 1882
New Airports Council International (ACI) World data shows the lasting adverse impact of the COVID-19 crisis is forecast to remove an additional five billion passengers by the end of this year compared to the pre-COVID-19 forecast. Compared to 2019 levels this is expected to be -47.3% by year end with domestic passenger traffic recovering faster […]Continue Reading

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