Shanghai is the most popular Asia Pacific city for meetings and events.
MINNEAPOLIS - Shanghai has retained top spot in the Asia Pacific for meetings and events according to a study.
The study, by CWT M&E, is based on proprietary and industry data contained in the company's 2020 Meetings & Events Future Trends report.
There were no new entrants in the latest list, with the same cities featured in the previous edition.
With Shanghai retaining its crown, China, once again, netted the most entries, including Beijing and Chengdu, and continues to drive the meetings and events industry in the region.
However, the increasingly acrimonious trade war between the United States and China 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," commented Sam Lay, senior director, Asia Pacific, CWT Meetings & Events.
"Companies across the region, including those in the meetings and events industry, are wary of the deteriorating situation and its negative effect on business."
The persistent protests on the streets of Hong Kong are also being closely watched by the regional business community. A number of countries have issued travel advisories urging travellers to exercise caution, and some businesses are adopting 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.
Asia Pacific continues to be a top draw for incentive travel as attendees look for unique, life-changing experiences in the varied and distinct cultures. Demand is going beyond the well-known regional hubs and into second and third-tier cities.
Among the region's destinations on the rise are Hanoi in Vietnam, Dalian and Macau in China, Kuala Lumpur in Malaysia, and Perth in Australia.
TOP-10 APAC CITIES FOR MEETINGS & EVENTS
1. Shanghai, China (Previous ranking: 1)
2. Beijing, China (3)
3. Singapore (2)
4. Bangkok, Thailand (4)
5. Sydney, Australia (5)
6. Tokyo, Japan (6)
7. Hong Kong, China (7)
8. Mumbai, India (9)
9. Melbourne, Australia (8)
10. Chengdu, China (10)