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Trip.Biz White Paper: APAC Tops Global Business Travel Spending, AI & ESG as Key Transformative Factors

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SINGAPORE, Aug. 6, 2024 /PRNewswire/ — Trip.Biz, the corporate travel arm of Trip.com Group, released its Corporate Travel Management Market White Paper, highlighting the key trends and behaviours in the business travel landscape. Informed by nearly 2,000 respondents*, the White Paper included data from an online survey and face-to-face interviews, as well as third-party research.

Corporate travel soars, especially in Asia

Like leisure travel, business travel is on the rise. Global business travel spending maintained strong growth in the first half of 2023 and is expected to recover to USD 1.5 trillion by 2024, according to a report issued by the Global Business Travel Association.

The APAC region is leading in business travel expenditure, with a projected growth of 41.2%. Specifically, business travel spending in Singapore, Thailand, and New Zealand is expected to grow by more than 75%, ranking these countries as the top three in the region. Additionally, Japan and South Korea, along with European counterparts Italy and the UK, are also experiencing rapid growth in business travel spending.

Trip.Biz is staying ahead of the region’s meteoric rise, with its headquarters in Singapore and partnerships with Japan, Vietnam, Thailand and London. Further expansions are also planned in Malaysia, Indonesia, South Korea and more.

Elsewhere in Asia, China’s resurgence as the world’s largest business travel market is particularly noteworthy. Its business travel market recovered at a rate of 39.2% in 2023 and is expected to return to 2019 levels by 2024. The recovery of its outbound market has been driven by recent visa-free policies, with Southeast Asia emerging as a major destination. China is also attracting international travellers, with cities such as Hangzhou and Nanjing gaining prominence as business travel destinations. Shanghai, Beijing and Guangzhou remain among the most popular cities for business travel.

AI and ESG: transforming business travel

According to Trip.Biz’s survey, over 50% of businesses said they are likely to adopt AI technologies. Travel managers and travellers expressed hope that AI could be used in itinerary planning, process optimisation, data analysis and more to minimise human error and repetitive tasks.

Such advancements have the potential to revolutionise business travel management, and Trip.com Group has been at the forefront of this transformation, testing various “AI + tourism” applications. For instance, its intuitive AI assistant, TripGenie, can generate travel recommendations within seconds based on user prompts or questions in the app. Plans are also underway to make TripGenie available to business travellers on Trip.Biz.

Moreover, AI has enhanced internal work efficiency at Trip.Biz and supported the customer service team in resolving inquiries and delivering a seamless experience for travellers.

AI’s impact extends beyond bookings and data gathering. It can also verify the authenticity of invoices during reimbursement, reducing administrative burdens. In the near future, AI is expected to amplify personalisation and become multimodal, though regulatory concerns remain.

Environmental, social, and governance (ESG) factors are increasingly important for businesses and investors, with lower-emission flights and hotels taking lower-carbon initiatives being key considerations for pursuing more sustainable travel. 91.6% of business travellers are likely to choose these options. The top three business ESG measures include encouraging such choices, as well as prioritising employee welfare and advocating for paperless offices.

To further this goal, Trip.Biz is one of the leading TMC companies to publish flight carbon emission data in 2022. By 2023, this expanded to include carbon emission data for hotels, trains, and cars in selected regions, along with corporate carbon emission credit accounts, carbon budgeting and control.

Trends: the top likes and dislikes of business travellers

International business travel is seeing distinct trends in traveller preferences emerge.

For accommodation, business travellers surveyed cited flexibility and efficiency, a quiet environment and safety as their top priorities. Mid-range to high-end hotels are preferred among them.

Regarding flight booking, direct routes are the most sought-after, even outweighing suitable flight arrival and departure times. Once on board, travellers also highly value comfort and service quality.

Ground transportation is also evolving. Satisfaction with train and high-speed railway services is largely influenced by the overall environment, making the launch of Biz Travel’s Train Seat Selection function in 2024 especially timely. This new feature enhances travel by allowing passengers to select their seats. For car use and rental, safety remains the top priority, even surpassing comfort and travel policies.

Another key trend is the rise of “special forces” business travel, reflecting a rapid, military-style approach to travel favoured by younger professionals. This corporate travel trend emphasises advanced planning, efficient itineraries, and cost minimisation. For instance, such business travellers book typically book their trips at least two weeks in advance, arrive at airports 1.5 hours before departure, and often stay only 1-2 days in hotels. Check-ins generally occur around 19:00, with check-outs by 8:00, indicating a preference for tighter schedules.

On the other end, “bleisure” travel is on the rise, with 95% of business travellers in 2023 expressing a willingness to combine business and leisure activities, a 3.7% increase from 2022. Overall, more business travellers are going further too, as more long-distance routes resume.

Business travel offers great growth opportunities in a recovering market. However, companies also face challenges such as rising costs of flights, hotels and other travel services. Employees mention issues with accommodation conditions, sleep quality, and long transport times during trips. Post-trip, managing receipts and securing reimbursements can be challenging.

“Trip.Biz aims to offer quality business travel solutions that address these challenges and maximise opportunities with an all-in-one digital business travel solution,” said Violet Zong, Chief Marketing Officer of Trip.Biz. “Through initiatives such as offering extensive content with exclusive rates and data-driven consultancy, we are committed to providing seamless travel experiences that enhance productivity and support business growth.”

For more detailed insights, read the full Trip.Biz Corporate Travel Management Market White Paper.

*Respondents from mainland China

About Trip.Biz

Trip.Biz is a digital TMC powered by Trip.com group. Headquartered in Singapore, Trip.Biz is elevating business travel management through human-centric technology, rich inventory, and sustainable solutions, all on one platform. With roots dating back to 2006, Trip.Biz has already garnered the trust of over 15,000 large-scale corporations and more than 1,000,000 small to medium-sized enterprises in business travel across the globe. Our global customer service POSs cater to clients across different time zones. Trip.Biz is committed to providing cost-effective and time-efficient solutions that enable businesses to focus on what really matters – growth and success. By saving on travel, businesses can invest more in their core operations, expand their reach, and achieve their goals.

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SOURCE Trip.Biz

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InfoComm Asia Returns to Bangkok as the Region’s Pro AV Super Connector Event from 15-17 July 2026

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Exclusive 15th May Sneak Peek: Smart Workplace & Education Environments Event to be held in Kuala Lumpur, Malaysia

BANGKOK, April 29, 2026 /PRNewswire/ — Now in its 6th edition, InfoComm Asia 2026 returns to Bangkok, Thailand, 15-17 July at Queen Sirikit National Convention Center (QSNCC). As the region’s Professional Audiovisual (Pro AV) industry super connector event, InfoComm Asia brings together exhibition, conference, and high-level networking into one powerful platform for the Pro AV and technology solutions ecosystem.

Designed as the central meeting point for solution providers, manufacturers, system integrators, consultants, and Pro AV and technology end users, InfoComm Asia enables meaningful connections across the entire value chain while providing an immersive stage to showcase fully integrated, real-world Pro AV applications.

Over 200 global brands are expected to participate in this year’s event, with prominent audio giants such as Yamaha, Soundking, SHURE, Audio Technica and leading visual, display and lighting brands including COLORLIGHT, LUMENS, VITEC, Fabulux, to networking and Pro AV integration stalwarts NETGEAR, Extron, AVCIT, and many more. New to join this year include Hemona (N-Labs) from India, Transtech from China, Yo-Tronics Technology, and Aimiciot Electronics, to name a few.  

InfoComm Asia also serves as the annual flagship gathering for AVIXA–the global Audiovisual and Integrated Experience Association–chapters in Asia. The event hosts additional comprehensive AVIXA-led activities, including industry presentations, roundtables, AVIXA Xchange Live, experiential technology tours, networking sessions, mixers, and fireside chats. Combined with InfoComm Asia’s main stage summit conference hosting renowned Pro AV innovators and experts, networking events, and experiential activities, the InfoComm Asia experience fosters professional development, thought leadership, and peer-to-peer engagement, positioning it as the region’s most influential knowledge and relationship-building platform for Pro AV professionals.

Past testimonials and visitors to InfoComm Asia note:

“InfoComm Asia is the place to be! If you are in the AV industry, you must be here, and you cannot afford to miss it. We met with many consultants and integrators who help guide their end-user customers to make the right decisions on the choice of products, and lots of end-user customers who came with ready budgets.” 

Anand Hariharan, Director, Solutions Engineer from Cisco

“We see a good influx of visitors at InfoComm Asia. We met with buyers from the Philippines, Vietnam, Indonesia, Singapore, Malaysia, and even those from China. We also attended to customers from Australia, South Korea and about ten times more customers from Japan.” 

Marthesh Nagendra, Senior Director, Enterprise APAC from Netgear

“InfoComm Asia has a unique regional flavor you don’t get elsewhere. It’s a great place to reconnect with familiar faces and explore what’s ahead for the Pro AV industry.”

Mitera Tsuyoshi, Director, Cerevo Inc.

“We came to check new products and new technologies that we can incorporate to our system and bring back to our projects and distribution in the Philippines. The technology we see here is advanced, such as the ultra-thin LED screens that can be installed on glass. That’s one of the many advanced technologies we are looking for at the show.”

Jeffrey Beloro, AV Technical Manager from AV Beyond Innovations, The Philippines

“This is a great place to see what the new technologies are and learn about them. I was pleasantly surprised by how expansive and well-represented the show was. It’s a fantastic platform to explore the latest AV technologies relevant to our projects in the region.”

Bruce Crompton, Director, Crompton Manufacturing Consultants Vietnam

“As creative technologists, we rely on both our artistic instincts and technology. Things are evolving at bullet-train speed — that’s why events like InfoComm Asia are so important. They help us keep up, connect, and stay ahead.”

Linda Lim, CEO & Co-Founder, Studio X Beyond Thailand

“I came here for better ideas and to source for devices. I was lucky to find at least seven matching products, and that has already exceeded my expectations.”

Tuan Khoi Nguyen, Founder and Director of AK Technologies, Vietnam

Regional Momentum: Sneak Peek in Kuala Lumpur, Malaysia
Pro AV professionals can get a sneak peek of what is to come by attending the 15th May 2026 InfoComm Asia Pro AV Connect: Malaysia event. This roadshow themed “Rearchitecting Smart Workplace and Education Environments for the Next Decade” will present keynotes on Designing Intelligent Workplace and Learning Ecosystems, From Classrooms to Campuses and Offices: Converged Platforms in Action, and a panel discussion on AI, Data, and the Future of Collaboration and Learning Experiences. Participating Pro AV market leaders include Crestron.

Event Date: Friday, 15 May 2026

Time: 1:30pm – 5:30pm

Venue: Ballroom A, Level 2, Aloft Kuala Lumpur Sentral  

Address: 5, Jalan Stesen Sentral, Kuala Lumpur Sentral, 50470, Kuala Lumpur

Complimentary Registration Details

By uniting innovation, collaboration, and strategic business development, InfoComm Asia empowers participants to demonstrate impact, discover opportunities, and accelerate growth across the region’s diverse industries.

Online pre-registration is now open via the InfoComm Asia’s Online Registration System

Remaining stand and sponsorship opportunities are available via our opportunities page

Inquiry and application to our invited guest program can be found here

About InfoCommAsia
InfoCommAsia Pte Ltd. extends its influence through three marquee shows: InfoComm Asia; InfoComm China, Beijing; and InfoComm India. Each show features an exhibition that showcases the world’s most cutting-edge and in-demand professional audiovisual and integrated experience technology solutions and a summit that presents learning opportunities. The shows bring together professional audiovisual industry players and top-level decision-makers from across different markets to tap into the vast potential presented by pro AV solutions.

For more information, visit:

infocomm-asia.com | infocomm-china.com | infocomm-india.com 

Global Media Enquiries:

Angie Eng
Director, Marketing, InfoCommAsia Pte Ltd
T: +65 8163 2109
E: media@infocommasia.comangieeng@infocommasia.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/infocomm-asia-returns-to-bangkok-as-the-regions-pro-av-super-connector-event-from-15-17-july-2026-302756523.html

SOURCE InfoComm Asia

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Bonree Retains No.1 Position in China’s APMO Market Share, IDC Reports

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HONG KONG, SINGAPORE and BEIJING, April 29, 2026 /PRNewswire/ — Recently, International Data Corporation (IDC) released its China IT Intelligent Operations Software Market Tracking Report, H2 2025 (the “Report”). According to the report, Bonree Data Technology Co., Ltd. (stock code: 688229) ranked first in China’s Application Performance Management and Observability (APMO) market, with a 17.6% market share in the second half of 2025. For the full year, the company achieved a 19.8% market share, further strengthening its position in the market. This performance reflects strong market recognition of Bonree’s product capabilities, technological innovation, and service quality, as well as sustained demand for intelligent observability and operations solutions across industries. It also underscores the company’s long-term commitment to the observability and intelligent operations space, built over more than 18 years of continuous innovation and customer-focused development.

As the first publicly listed company in China’s Application Performance Management (APM) and observability market, Bonree is advancing its globalisation strategy with established operations in Hong Kong SAR, Singapore, and Malaysia. The company has already secured multi-million deals across Hong Kong SAR and Malaysia. Bonree complies with internationally recognised standards, including SOC 2 Type II and CMMI Level 5. Its self-developed LLM-powered observability platform has been selected for Huawei Cloud’s international baseline solution library, reflecting recognition from global cloud ecosystems and supporting its expansion with a “global deployment, local compliance” approach.

Bonree serves over 1,000 leading clients worldwide with system monitoring, performance optimisation, and intelligent operations solutions. Leveraging proprietary unsupervised knowledge graph root cause analysis technology and AI-driven intelligent analytics, Bonree delivers plug-and-play monitoring and fully managed adaptive alerting systems that detect anomalies quickly and accurately with minimal noise. Bonree holds 56 authorised invention patents and 135 software copyrights, and reports an NPS of 79 and a client satisfaction rate of 95%, reflecting strong customer trust across global markets. With these core strengths, Bonree continues to lead in global fintech and digital operations, helping clients ensure business continuity and digital transformation while striving to become a leading global player in APM and observability.

CONTACT: Xiaohan Yao, yaoxiaohan@bonree.com, +8618210189324

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/bonree-retains-no1-position-in-chinas-apmo-market-share-idc-reports-302756538.html

SOURCE Bonree Data Technology Co., Ltd.

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KuCoin and Lightnet Explore Collaboration to Advance Digital Asset and Payment Infrastructure Across Southeast Asia

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PROVIDENCIALES, Turks and Caicos Islands, April 28, 2026 /PRNewswire/ — KuCoin, a leading global crypto platform built on trust, announced it is exploring potential collaboration with Southeast Asia-based fintech company Lightnet. By combining KuCoin’s global digital asset trading ecosystem with Lightnet’s cross-border payment infrastructure and fintech expertise, the two parties aim to explore long-term opportunities in the digital asset space across Southeast Asia.

The collaboration is dedicated to exploring potential synergies in the region. It is designed to integrate both parties’ capabilities to establish a forward-looking ecosystem for digital financial services, and to enhance digital asset infrastructure development across the region. It also reflects a shared vision to support the broader adoption of blockchain-based solutions in emerging markets.

Lightnet is a fintech company operating a licensed global settlement network and global payment infrastructure, leveraging blockchain technology to improve the efficiency and transparency of cross-border transactions.

BC Wong, CEO of KuCoin, commented:

“Southeast Asia represents one of the most dynamic regions for digital financial innovation. Through our collaboration with Lightnet, we aim to combine our respective strengths in digital asset trading and cross-border payments to explore more efficient and sustainable financial solutions. This partnership reflects KuCoin’s continued commitment to advancing trusted and compliant infrastructure on a global scale.”

Tridbodi Arunanondchai, Group CEO, Lightnet, added:

“We see strong synergies between Lightnet’s cross-border payment infrastructure and KuCoin’s global ecosystem. This collaboration reflects our shared commitment to expanding access to efficient financial solutions across Southeast Asia. We look forward to exploring opportunities together within appropriate regulatory frameworks.”

Both parties stated that they will continue to explore collaboration opportunities within appropriate regulatory frameworks, contributing to the development of a more accessible, efficient, and inclusive digital financial ecosystem in the regions.

About KuCoin

Founded in 2017, KuCoin is a leading global crypto platform built on trust, serving over 40 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform combines advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,500+ digital assets through a broad product suite and remains committed to building transparent, compliant, and user-centric digital asset infrastructure for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, and ISO/IEC 27701:2019 Certifications. In recent years, we have built a strong global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.

Learn more at www.kucoin.com.

About Lightnet

Lightnet is a Southeast Asia-based fintech company operating under a multi-jurisdiction regulatory framework. It has operations across over 150 countries with deep local partnerships throughout Asia and expanding globally. Lightnet provides fast cross-border settlement, on/off ramps and liquidity services for both fiats and digital assets to banks, fintechs and web 3 businesses.

View original content to download multimedia:https://www.prnewswire.com/news-releases/kucoin-and-lightnet-explore-collaboration-to-advance-digital-asset-and-payment-infrastructure-across-southeast-asia-302755541.html

SOURCE KuCoin

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