Meetings and Events Boost Southeast Asian Hotels

• STR said Southeast Asia’s hotel industry is seeing the return of MICE. While leisure travel has shown the most resilience in the region, much of the recent demand in Southeast Asia can be linked to MICE travel and events.
• The Singapore Tourism Board said the number of visitors from India rose by 3.5x in the first quarter of 2023, year over year.
• IHG Hotels & Resorts announced plans to expand its presence in Asia through developments in Nepal and Indonesia.

STR said Southeast Asia’s hotel industry is seeing the return of MICE. While leisure travel has shown the most resilience in the region, much of the recent demand in Southeast Asia can be linked to MICE travel and events. STR’s report showed conferences, expos and large-scale trade events made their in-person comeback throughout 2022 following two […]