The global economic downturn has made major waves in the travel industry landscape... the largest of which has been the decline in corporate travel worldwide. From small- and medium-size enterprises to large multinationals, companies everywhere have cut down significantly on their travel spend. Many in the corporate world now consider travel to be an expense rather than an investment, and with increased pressure on their budgets and finances, companies are carefully evaluating and in many cases, restricting, travel. The story is no different in the Asia Pacific (APAC) markets
