SINGAPORE, 5 September 2019: Shanghai tops the 10 cities list for meeting and events in the Asia-Pacific region followed by Beijing and Singapore in second and third place.
CWT M&E, the global meetings and events division of CWT, unveiled the list earlier this week ahead of the release of its 2020 Meetings & Events Future Trends report, to be published next week.
Just two cities Singapore and fourth place Bangkok gained a mentioned on the 10 listed dominated by four cities in China.
Mumbai was the highest placed destination in India at ninth place and head of Melbourne Australia (10th)
The ranking is based on proprietary and industry data contained in CWT’s 2020.
Top 10 venues Asia-Pacific
Shanghai, China (1)
Beijing, China (2)
Bangkok, Thailand (4)
Sydney, Australia (5)
Tokyo, Japan (6)
Hong Kong, China (7)
Mumbai, India (8)
Melbourne, Australia (9)
Chengdu, China (10)
The top 10 list in APAC has proven sticky,
with the exact same cities featured in both the 2020 and 2019 lists—with most
hardly budging from last year’s rankings and few emerging entrants.
China, once again, netted the most entries, including Beijing and Chengdu, and continues to drive M&E activity in the region.
As in North America, the increasingly bitter trade war between the world’s two largest economies is threatening to derail this growth and is stoking fears of potentially triggering a recession.
“It is hard to underestimate the impact of the US-China trade tit-for-tat,” said CWT Meetings & Events senior director Asia Pacific Sam Lay. “Companies across the region, including those in the meetings and events industry, are wary of the deteriorating situation and its negative effect on business.”
Closer to home, the three-month-old protests rocking the streets of Hong Kong are also being closely watched by the business community. A number of countries have issued safety advisories urging travellers to exercise caution, and some businesses are taking a wait-and-see approach with their meetings and events scheduled in the near to mid-term.
However, sentiment remains positive for Hong Kong as a key international business destination in 2020.
The region itself continues to be a top draw for incentive travel, as attendees look for unique, life-changing experiences in the varied and distinct cultures of Asia Pacific. Demand is going beyond the well-known regional hubs and into second and third-tier cities.
Destinations on the rise are Hanoi in Vietnam, Dalian and Macau in China, Malaysia’s capital, Kuala Lumpur, and Perth, Australia.
These destinations typically offer better value than the top-tier cities, along with an increasing number of competitive hotels and venues that can host meetings and events of varying sizes.
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