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. Singapore CBD Grade A office rents rise for fourth straight quarter in Q1 2. Kuala Lumpur office vacancy rate amongst the highest in APAC at 24.6% in Q1 3. APAC cross-border real estate investment more than doubles to US$9.5b in Q1 4. Hong Kong residential sales surge 68% to 5,367 in March 5. Singapore HDB resale price growth slows to 1.6% in Q1Resource Center
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