Overall business travel spend is projected to reach around US$1.7 trillion this year, with an eight per cent year-on-year increase, according to the Global Business Travel Association’s latest market report.
Elle Ng-Darmawan, senior director for Asia-Pacific at the organisation, describes this growth as being “very robust, very encouraging”, but warns that higher trade barriers in many economies with reduced exports, increased trade policy uncertainty, and geopolitical challenges will impact business travel appetite.
In this episode of TTG Conversations: Five Questions, Ng-Darmawan lays out business travel projections for each global region; and details Asia-Pacific’s bright spots, the factors driving both inbound and outbound traffic, and how uncertainties are affecting contracting and planning in the region.
