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Asia Pacific Region Dominates Singapore’s Business Travel, American Express Global Business Travel Data Reveals

March 18, 2016 Business News No Comments Email Email

The Asia Pacific region remains the focus for Singapore’s business travellers, according to new data from American Express Global Business Travel (GBT), with Asia Pacific cities comprising the entire top ten most visited destinations by Singapore-based business travellers in 2015. As Singapore continues to play a key role as a central business hub within APAC, short trips to neighbouring cities remain a cornerstone of business operations for many of Singapore’s top executives.

Encompassing all air bookings made directly with GBT for Singapore-based travellers between January and December 2015, the travel destinations data provides a snapshot of business travel flows from Singapore around Asia, and further abroad.  Kuala Lumpur, Jakarta and Bangkok emerge as the top three destinations for business travel, with London ranking as the top business travel destination outside of APAC.

“The list of top business travel destinations from Singapore has remained broadly consistent for the past few years now, but it’s worth acknowledging emerging industries which are partly influencing the rankings. Kuala Lumpur and Jakarta remain the top two destinations due to the traditional business links with Singapore, close proximity, as well as being technology and data centre hubs. Other top ranked cities such as Hong Kong, Shanghai and Tokyo are very popular for private wealth management and banking, despite a moderate decline in travel spending within financial services in recent times,” said David Reimer, Managing Director, American Express Global Business Travel, APAC.

“We’re not anticipating any significant shifts to the top travel rankings in the foreseeable future. Singapore remains an attractive regional base for many major companies due to favourable tax laws, and it’s also a desirable and highly liveable location for senior executives relocating from abroad. As Asia Pacific continues to grow into a powerhouse of the global economy, we are likely to continue to see the role of Singapore as a business hub develop even further.”

Asia remains the focus

Cities within Asia Pacific comprise the top ten business travel destinations from Singapore, and these rankings mirror results for the previous year, with Kuala Lumpur continuing to lead. Despite a decline in business travel spend within the financial services sector, key cities such as Hong Kong and Tokyo remain important business travel destinations for Singapore’s business travellers.

Top 10 international destinations
Rank Destination
1 KUALA LUMPUR, MALAYSIA
2 JAKARTA, INDONESIA
3 BANGKOK, THAILAND
4 HONG KONG, CHINA
5 SHANGHAI, CHINA
6 MANILA, PHILIPPINES
7 TOKYO, JAPAN
8 SEOUL, SOUTH KOREA
9 MUMBAI, INDIA
10 TAIPEI, TAIWAN

Source:  American Express Global Business Travel AUS point of sale data destination analysis for January – December 2015. 

London leads the way outside of APAC

Unsuprisingly, London and New York rank as the top two business travel destinations outside of Asia Pacific. Milan, as one of the world’s fashion capitals, makes it onto the top ten list in tenth place, with Zurich, Switzerland, the only city listed in last year’s ranking which did not make the top ten.

Top 10 international destinations excluding APAC
Rank Destination
1 LONDON, UNITED KINGDOM
2 NEW YORK, UNITED STATES
3 SAN FRANCISCO, UNITED STATES
4 DUBAI, UNITED ARAB EMIRATES
5 AMSTERDAM, NETHERLANDS
6 LOS ANGELES, UNITED STATES
7 FRANKFURT, GERMANY
8 PARIS, FRANCE
9 MUNICH, GERMANY
10 MILAN, ITALY

Source:  American Express Global Business Travel AUS point of sale data destination analysis for January – December 2015.

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