Business travel to Asia soars in 2016

Trends in business travel from Europe and US
Corporate travel from Europe and the US to Asia has seen staggering growth so far this year, according to the latest findings by business airline VistaJet.
Despite the global economic and political uncertainty, the company reported triple-digit percentage increments in flights from the US to Asia. Flights from the UK to China more than quadrupled and to India were up 50%.
The strong growth is felt globally, with overall flight traffic for VistaJet up 23% and passenger numbers up 20%. This has resulted in the company’s sale of the largest single package of flight hours in its history.
“We are flying our customers to more places than ever before and had our biggest ever quarter in the three months to June 2016,” said Thomas Flohr, VistaJet’s chairman and founder.
“From the trends we are seeing in the market, we expect Asia and India to play increasingly significant roles in global business going forward, particularly destinations like Shanghai, Mumbai and Singapore, which have seen notable growth over the past six months.”
VistaJet added that this is an indicator that corporations are increasingly viewing access to an entire fleet rather than ownership of one or two aircraft as a priority.
Even as more economic headwinds are on the horizon, businesses are not flying less, but rather are taking a more fiscally prudent approach to corporate travel.
TTG Asia

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