Corporate Travel News For Asia

Cathay Pacific GM sales and distribution Martin Xu, speaking at the CTC Hong Kong Corporate Travel Summit, stated (23-May-2023) "Companies will need to adapt to changes", adding the carrier is "doing more than returning to where we were, we are rebuilding a Cathay that is better than before". Mr Xu noted the carrier is focused on reconnecting Hong Kong with mainland China and the rest of the world

Cathay Pacific GM sales and distribution Martin Xu, speaking at the CTC Hong Kong Corporate Travel Summit, stated (23-May-2023) sustainability is becoming a more significant consideration for corporate travel, adding reducing carbon footprint is becoming an "important consideration". Mr Xu said: "Many companies have offset targets and programmes, these support reducing carbon emissions and help achieve sustainability goals". He added: "Clients are also measuring and tracking sustainability targets by collecting data".

Cathay Pacific GM sales and distribution Martin Xu, speaking at the CTC Hong Kong Corporate Travel Summit, stated (23-May-2023) apps have made it easier to manage travel on the go, partly due to their ability to provide push notifications in case of delays. Mr Xu said: "We are also seeing many companies adopting expense management tools capture receipts and expense reports from their mobile devises". He added increased use of data and enhanced online booking tools help more informed decisions around business travel.

Cathay Pacific GM sales and distribution Martin Xu, speaking at the CTC Hong Kong Corporate Travel Summit, stated (23-May-2023) "Bleisure travel seems to be becoming more popular", noting: "This trend allows employees to enjoy some downtime to reduce work stress". Mr Xu added companies are placing greater emphasis on the wellbeing of their employees.

Cathay Pacific GM sales and distribution Martin Xu, speaking at the CTC Hong Kong Corporate Travel Summit, stated (23-May-2023) "The reality is corporate customers have budget restraints and are looking for ways to save money". Mr Xu said: "The industry is balancing supply and demand", adding: "Companies may continue to use virtual options even as travel resumes".

Cathay Pacific GM sales and distribution Martin Xu, speaking at the CTC Hong Kong Corporate Travel Summit, stated (23-May-2023) "As the world begins to recover, will corporate travel ever be back to normal again and how will it have changed?". Mr Xu said: "The dynamic of travel needs and the reality of a travel budget has been changed by the COVID pandemic".

Cathay Pacific GM sales and distribution Martin Xu, speaking at the CTC Hong Kong Corporate Travel Summit, stated (23-May-2023) the carrier is taking a measured response in the road to recovery, noting the carrier has brought back first class on selected flights starting with its Beijing service. Mr Xu said: "We are reopening our airport lounges in London, Tokyo, Singapore, Bangkok and Manila all of which was welcomed by our customers, especially business travellers".

Cathay Pacific GM sales and distribution Martin Xu, speaking at the CTC Hong Kong Corporate Travel Summit, stated (23-May-2023) "As we look to progressively increasing capacity approaching peak summer season, it is anticipated we will operate around 70% of pre pandemic capacity by the end of 2023". Mr Xu added: "We aim to return to pre pandemic full capacity levels by the end of 2024", noting this is ahead of the Asia Pacific traffic forecast.

Cathay Pacific GM sales and distribution Martin Xu, speaking at the CTC Hong Kong Corporate Travel Summit, stated (23-May-2023) "We are pleased to see travel sentiment remaining positive since the beginning of year". Mr Xu noted the Cathay Pacific Group carried almost six million passengers in 1Q2023, with Apr-2023 its busiest month. He added on 09-Apr-2023, the company broke the 50,000 mark for passengers for the first time since the onset of COVID-19.

Cathay Pacific GM sales and distribution Martin Xu, speaking at the CTC Hong Kong Corporate Travel Summit, stated (23-May-2023) travel is reviving, activities are coming back and we can gather together and network again. Mr Xu added: "Nothing is more exciting than this that and the Hong Kong we know is back".