Cvent Travel Manager Report: Asia Edition January 2023

Corporate travel managers are keen to broaden the horizons of their organisations, with a majority set to have bigger travel volumes in 2023 compared to their pre-pandemic levels.

For now, at least, macroeconomic factors are hindering even faster expansion. Most decision-makers feel their budgets will increase in the year ahead - but on the back of rising costs:

• 74% of travel managers expect corporate travel volumes at their organisation to increase in 2023 relative to 2019.
• 81% say business travel budgets will rise; but that’s largely because seven in ten travel managers (73%) are witnessing rising costs.
• 45% state international travel is on their agenda as they source for hotel options outside their own market.
• 92% claim sustainability is coming to the fore and are prioritising environmentally friendly values from venues during planning. 

Discover more country-specific data by downloading the report.