APAC Business Travel on the Rise in 2023

Bleisure Travel Gains Momentum

The APAC business travel sector is rebounding strongly in 2023, with a projected 41% increase in travel spending to US$567 billion this year. This growth is being driven by the increasing popularity of "bleisure" travel, which seamlessly integrates business and leisure activities within a single trip.

Business Travel Forecast for Growth

After challenging years due to the pandemic, business travel in Asia Pacific is forecast for significant growth in 2023 and beyond. The APAC Business Travel Forecast 2023-2027 predicts that the region's business travel spending will reach US$1 trillion by 2027, driven by the recovery of key markets such as China, Japan, and Australia.

The Rise of Bleisure Travel

The concept of bleisure travel has gained significant traction in recent years, as travelers seek a more balanced approach to business and personal time. Nearly half of American workers now embrace the concept of bleisure travel, with bleisure trips currently reaching a share of 30% of all business trips.