Worldwide: The latest Quarterly Market Update report from serviced apartment agent SilverDoor shows how established and emerging markets across Asia Pacific are seeing increased demand from corporates.
SilverDoor reports an uptick in demand across Taiwan and in its capital Taipei. Tertiary locations such as Tainan and Hsinchu are also seeing a growing number of corporates, and the average length of stay in Taichung is currently at 122 nights.
Ongoing changes to trade agreements and tariffs are cited as one of the reasons behind this increase in demand. Technology companies such as Apple, Google and Nintendo are diversifying supply chains and shifting focus from China to other APAC locations.
Mumbai has also seen growth in demand from across the oil and gas sector, in addition to increased demand and inventory for locations including New Delhi, Hyderabad, Gurgaon, Mumbai, Chennai, Noida and Pune.
Demand has been accelerated by the recently signed UK-India Free Trade Agreement, however corporates are advised to heed travel advice surrounding the India-Pakistan conflict.
Across APAC, the average daily rate has also declined by 9.1 per cent to S$219.
Amy Pammenter, senior client programme manager, SilverDoor said: “Corporates are taking proactive, strategic approaches to realising their own ambitions for growth against a backdrop of shifting geopolitical and economic landscapes. The increased investment in APAC, coupled with the decline in ADR will be welcome news for corporate clients and travel managers who are keen to manage costs whilst at the same time diversify across their own supply chains.
“Whilst emerging markets continue to be a key strategy for growth, global trade conversations are evolving rapidly and corporates need to keep up to ensure they have an accurate and current understanding of where the opportunities and potential barriers lie, from both an operational perspective as well as a corporate travel perspective. Maintaining a consultative approach to corporate travel particularly within APAC will be critical in the months ahead as investment continues and the travel supply chain and infrastructure expands and diversifies further,” she added.
Additional global key findings include:
• ADRs (February – April 2025) – The Americas is also experiencing a decline by 9.1 per cent to £193, while ADRs across EMEA are up by 8.3 per cent to £143.
• Average length of stay – While the Americas remains unchanged (65 nights), APAC has increased by one night longer (62 nights) and EMEA has decreased by 17 nights shorter (41 nights).
• Lead times – APAC is three nights shorter (38 nights), Americas remains the same (48 nights), EMEA is eight nights longer (45 nights).
Highlights:
• Corporate demand in APAC is rising, driven by supply chain shifts and tech sector diversification from China.
• Tertiary cities in Taiwan and India are emerging as new corporate travel hotspots, with Taichung seeing an average stay of 122 nights.
•APAC’s ADRs have declined 9.1 per cent.
• The UK-India Free Trade Agreement is boosting travel and investment activity across major Indian cities.
