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AsPac business travel picking up, says CAPA
The Philippine Star
|July 14, 2024
Demand for business class seats in Asia-Pacific is beginning to show signs of life for the first time since the pandemic, driven by the resurgence of corporate travel in the region.
In a report, the Center for Aviation (CAPA) said Asia-Pacific is starting to catch up with other regions in terms of travel recovery, but is struggling to rebound to pre-pandemic levels due to weak demand from the Chinese market.
In particular, CAPA noted that premium travel in the region is expanding at a pace quicker than that of economy cabins, highlighting one of the bright spots of Asia-Pacific travel.
“For Asia-Pacific airlines, recovery in both classes of travel has lagged well behind wider global recovery. Part of this was the delay in the region’s reopening to international travel that has been exacerbated by the sluggishness in the Chinese market,” CAPA said.
This story is from the July 14, 2024 edition of The Philippine Star.
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