Asia Pac corporate travel: LCCs and premium economy drive rapid change

Rapid LCC expansion and the introduction of premium economy at full service airlines have dramatically changed the corporate travel landscape in Asia Pacific. The increasing use of LCCs and premium economy products by corporate buyers will be addressed at the CAPA-ACTE Global Summit and Corporate Lodging Forum in Sydney on 3/4-Dec-2018.

Corporate travel buyers in the region are slowly starting to embrace LCCs for short haul and, in some cases, even long haul travel. With LCCs dominating some Asian markets and often offering the best schedules, it was inevitable they would start to gain traction in the corporate space.

Corporate buyers in some Asia Pacific markets, such as Australia and New Zealand, have embraced premium economy for several years. However, with the introduction of premium economy products by more airlines in recent years there are now premium economy options in more markets, giving corporates the opportunity to review their travel policies.