Cvent: Asia, Australia corporate travel budgets rise

Travel buyers in the region also overwhelmingly are interested in dual and dynamic rates with hotels

Apr 20, 2023

Travel managers in Asia, Australia, the Middle East and Africa project higher budgets and corporate travel volumes above pre-pandemic levels this year, according to Cvent's recently published installment of its Travel Manager Report.

Key takeaways

  • 80 percent said their travel budgets would be higher in 2023 than in 2019, with about a third saying the increase will be significant;
  • Travel managers in the Middle East and Africa were most bullish about recovery, with 82 percent of respondents saying corporate travel volumes at their organization would be higher than 2019;
  • 46 percent of respondents said they were measuring cost versus value of trip, looking at cost as well as sustainability impact to see whether a trip is necessary.

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