Business Strategies Group

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Quick takes

People are flying again, airports struggle to respond

Around the globe, business travellers and tourists are returning to the air. In the first five months of 2022, 250 million international arrivals were recorded – up from 77 million in same period in 2021. There are challenges though as airlines and airports struggle to keep up with the surging demand.

Thailand’s decision to open early is paying off

Along with Singapore, Thailand was one of the first Asian countries to ease its COVID restrictions and reopen its borders to international visitors. Now that decision is paying dividends as the global travel industry took note. In December, the Pacific Asia Travel Association (PATA) and the Global Business Travel Association (GBTA) will hold a joint meeting at the newly renovated Queen Sirikit National Convention Center.

Malaysian Minister praises local events industry

The recovery of Malaysia’s MICE industry is now well underway as 18 international business events are scheduled this month. Nancy Shukri, the Minister of Tourism, Arts and Culture stated “these business events are expected to bring together close to 24,000 delegates which is estimated to generate more than US$12.5 million in economic impact to the Malaysian economy.”

Hong Kong retail sector hit by “fifth wave”

The Hong Kong government and local media must be one of the only places on earth still talking about “COVID waves.” Lawmaker Peter Shiu said that the “closed borders and the aftermath of the fifth wave of the pandemic in Hong Kong has greatly impacted consumers’ eagerness to spend.” (But it is fair to assume that it is mostly due to the closed borders.)