Tokyo and Osaka top the list of summer hot spots Nha Trang makes its debut in MEI report on travel spending Currency fluctuations are a key consideration for travelers Asia-Pacific is home to eight of the world’s top 15 trending summer travel destinations, according to Travel trends 2025, the annual Mastercard Economics Institute (MEI) report on consumer spending in the travel economy. While exchange rates and geopolitical dynamics can influence behavior, the report highlights that passions and purpose-driven motivations remain strong drivers shaping the travel industry. Drawing on a unique analysis of aggregated and anonymized transaction data and third-party data sources, the report uncovers what is shaping travel choices today. Japan leads the pack—with Vietnam’s Nha Tr...
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New report from WTTC reveals, corporate travel in the Middle East and Asia Pacific set to lead the way with fastest recovery Worldwide business travel spending looks set to rise by more than a quarter this year and reach two thirds of pre-pandemic levels by 2022, according to the World Travel & Tourism Council (WTTC). The forecast comes in a major new WTTC report in collaboration with McKinsey & Company called ‘Adapting to Endemic Covid-19: The Outlook for Business Travel’. It draws on research, analysis and in-depth interviews with Travel & Tourism business leaders to enable organisations to prepare for corporate travel in the post-pandemic world. Business travel was disproportionately affected by COVID-19 and has been slower to resume. Given that business tra...
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