Source link : https://news7.asia/business/business-travel-in-south-and-southeast-asia-poised-to-skyrocket-to-679-billion-by-2025-led-by-singapore/
Business travel spending in South and Southeast Asia is set to surge to $679 billion by 2025, driven predominantly by Singapore’s robust corporate sector, according to a new report by ET TravelWorld. The region’s expanding economies, increasing international trade ties, and growing demand for in-person business engagements are fueling this significant rise. Industry experts highlight that Singapore’s strategic position as a global business hub will continue to anchor the travel expenditure growth in the area, underscoring its pivotal role in shaping the future of corporate travel across Asia.
Business Travel Spending in South and Southeast Asia Poised for Significant Growth
Business travel within South and Southeast Asia is on a rapid ascent, with expenditures expected to surge to $679 billion by 2025. This remarkable growth is propelled by increasing economic activities, expanding multinational collaborations, and rising investments in infrastructure across key markets. Singapore is emerging as a pivotal hub, leveraging its strategic location, world-class connectivity, and progressive business ecosystem to attract corporate travelers. Other significant contributors include India, Indonesia, and Thailand, where burgeoning tech sectors and ongoing urban development are driving increased demand for business-related trips.
Key factors fueling this expansion include:
- Digital transformation: Facilitating seamless virtual and in-person…
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Author : Miles Cooper
Publish date : 2025-09-11 02:31:00
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