China and India accounted for a drop of $35 billion in total deal value for large growth deals for the year, Bain & Co said in a Tuesday report.
Asia, especially China, is an area of certainty amid global uncertainty, according to an annual economic outlook report released at the Boao Forum in Hainan.
Despite layoffs at tech companies, almost “every sector in the economy outside of tech” is hiring tech workers, said CEO of Seek Asia Peter Bithos.
Hotel rates in destinations that are popular with Chinese travelers are 45% higher, with rates going even higher in Singapore and parts of Thailand.
HBO smash hit “The White Lotus” led to soaring travel interest in its previous filming locations, Hawaii and Sicily. Now all eyes are on Asia for season three.
Travel abroad will boom in 2023. Some 31% of Americans more interested in international than domestic travel, according to Destination Analysts.
Tech layoffs have been increasing in Southeast Asia as growth slows down. Existing investors are also pushing startups to extend their runways.
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