Revenge Tourism
Revenge Tourism is the New Direction of Travel for Asia
Revenge Tourism is the New Direction of Travel for Asia
Despite high airline ticket prices and new widespread Covid-19 variants, we have seen a surge in the demand for travel across regions which have eased Covid-19 restrictions. With staff and operational reductions over the past 2 and a half years, the tourism sector in Europe has been struggling to cope with pent-up demand and the high numbers of travellers. For example, in July 2022, Heathrow Airport controversially applied a daily 100,000 passenger cap to better manage excessive queues, baggage delays and flight cancellations.
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1. Easing rents lure retailers back to Hong Kong streets 2. Singapore real estate investment sales jump 44.6% to record S$16.b in Q1 3. Corporates snap up Hong Kong offices for self-use as prices fall 4. Singapore industrial rents extend growth streak to 22 quarters 5. Hong Kong office market bifurcation deepens as prime assets outperformResource Center
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Ernst & Young’s Seng Leong Teh: Developers must acquire, build own proprietary data capabilities
He shares his insights on how Asia’s real estate players can maintain profitability whilst navigating intersecting industry pressures.