Post on 17-Jul-2020
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Southeast Asia The Hidden Gem for Outbound Travel
Panelists
• Martin Chan, General Manager, Lanson Place Winsland Serviced Residences
• Phillippe Garnier, Head of Sales Europe, Hilton Worldwide
• Jeannie Lim, Executive Director, Conventions and Meetings & Exhibitions and Conferences, Singapore Tourism Board
Moderator
• Welf J Ebeling, Vice President Operations – Asia
Global Business Travel Association (GBTA)
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S
Southeast Asia 11 Countries
620 Million People
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Sources: OECD Development Centre, MPF-SAEO 2011/12, and OECD Economic Outlook 2011/12, No.90,
for China and India.
Real GDP Growth of Emerging Asia
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5
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Global BTS At a Glance…
Source: Rockport Analytics, GBTA Foundation
Asia Pacific
36%
Emerging
Europe
5%
Latin
America
4%
Middle East
& Africa
2%
North America
27%
Western Europe
26%
Andere
11%
2011 Business Travel Spending By Region Domestic plus Outbound International
APAC share in 2016 – 43%
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Growth in Business Travel Spend: $ Gain
Top 15 Markets Ranked by 2011-2016 $ Growth
In Millions of US $
Country BTS 2011 BTS 2016
2011-2016 CAGR
Change in BTS 2011-2016 Rank
China 173,223 365,806 16.1% 192,582 1
United States 250,985 296,168 3.4% 45,182 2
India 20,850 44,077 16.2% 23,227 3
Brazil 27,553 44,931 10.3% 17,377 4
South Korea 29,619 41,940 7.2% 12,321 5
Germany 49,976 62,129 4.4% 12,153 6
Russia 19,917 29,684 8.3% 9,767 7
United Kingdom 40,162 49,278 4.2% 9,116 8
France 36,494 45,526 4.5% 9,032 9
Indonesia 14,070 22,502 9.8% 8,433 10
Japan 65,961 72,602 1.9% 6,641 11
Italy 35,324 39,979 2.5% 4,655 12
Turkey 12,726 17,282 6.3% 4,556 13
Australia 20,502 24,733 3.8% 4,231 14
Netherlands 18,650 22,033 3.4% 3,384 15
World $1,026,194 $1,444,601 7.1% $418,408
China 173,223 365,806 16.1% 192,582 1
India 20,850 44,077 16.2% 23,227 3
Indonesia 14,070 22,502 9.8% 8,433 10
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Growth in Travel Spend: % Growth
Top 15 Markets Ranked by 2011-2016 CAGR
In Millions of US $
Country BTS 2011 BTS 2016
2011-2016 CAGR
Change in BTS 2011-2016 Rank
India $20,850 $44,077 16.2% $23,227 1
China $173,223 $365,806 16.1% $192,582 2
Brazil $27,553 $44,931 10.3% $17,377 3
Kuwait $1,622 $2,630 10.1% $1,007 4
Poland $5,198 $8,399 10.1% $3,202 5
Indonesia $14,070 $22,502 9.8% $8,433 6
Ukraine $1,677 $2,644 9.5% $967 7
Egypt $1,854 $2,919 9.5% $1,065 8
Venezuela $2,976 $4,570 9.0% $1,594 9
Malaysia $5,478 $8,373 8.9% $2,895 10
Philippines $2,625 $3,960 8.6% $1,335 11
Vietnam $2,937 $4,411 8.5% $1,474 12
Russia $19,917 $29,684 8.3% $9,767 13
Thailand $6,435 $9,470 8.0% $3,035 14
Colombia $3,877 $5,625 7.7% $1,748 15
World $1,026,194 $1,444,601 7.1% $418,408
India $20,850 $44,077 16.2% $23,227 1
China $173,223 $365,806 16.1% $192,582 2
Indonesia $14,070 $22,502 9.8% $8,433 6
Malaysia $5,478 $8,373 8.9% $2,895 10
Philippines $2,625 $3,960 8.6% $1,335 11
Thailand $6,435 $9,470 8.0% $3,035 14
Vietnam $2,937 $4,411 8.5% $1,474 12
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BTS Markets’ Distribution of Domestic and IOB Spend Starkly Different
Top IOB Markets Top Domestic Markets
Domestic BTS Share
International BTS Share
Domestic BTS Share
International BTS Share
Singapore 24% 76% Iran 99% 1%
Norway 30% 70% Russia 98% 2%
Taiwan 50% 50% Qatar 98% 2%
Sweden 61% 39% China 96% 4%
France 61% 39% Argentina 95% 5%
Ireland 62% 38% Costa Rica 95% 5%
Malaysia 64% 36% Greece 95% 5%
United Kingdom 65% 35% Cameroon 94% 6%
Hungary 66% 34% Chile 94% 6%
Czech Republic 67% 33% Nigeria 94% 6%
Ukraine 69% 31% Jamaica 93% 7%
Saudi Arabia 70% 30% Poland 92% 8%
Switzerland 70% 30% Colombia 92% 8%
Slovak Republic 71% 29% Bangladesh 91% 9%
Canada 72% 28% Sri Lanka 91% 9%
World 82% 18% World 82% 18%
Share of Domestic vs. IOB BTS: Top 15 Markets
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Business Travel Spending and Forecast Asia Pacific
163
137
142
144
164
182
203
243
270
286
319
361
398
457
512
569
624
US
D (
bill
ion
s)
* Australia, Bangladesh, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand,
Pakistan, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Vietnam
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Southeast Asia The Hidden Gem for Outbound Travel
Panelists
• Martin Chan, General Manager, Lanson Place Winsland Serviced Residences
• Phillippe Garnier, Head of Sales Europe, Hilton Worldwide
• Jeannie Lim, Executive Director, Conventions and Meetings & Exhibitions and Conferences, Singapore Tourism Board
Moderator
• Welf J Ebeling, Vice President Operations – Asia
Global Business Travel Association (GBTA)