With revenues of organisations based in Southeast Asia marking significant growth from 7.5% in 2014 to approximately 9.3% in 2015, this region is one of the fastest developing regions of the world. Due to this continued growth, US based associations are exploring more and more opportunities to expand into the region, basing their efforts out of Singapore; the world’s number one business-friendly economy, according to a report by The World Bank and International Finance Corporation.
As Asia is a leading destination for conferences, it comes as no surprise that Singapore was ranked by the Union of International Associations as the Top International Meeting City for five consecutive years, and also Asia’s Top Convention City for ten consecutive years by the International Congress and Convention Association. With over 50,000 hotel rooms, 50 million passengers passing through the airport, and home to many regional corporate offices, the republic is well poised as a “gateway” to Asia.
In an inspired live session presented by the ASAE International Section Council, which took place on 22 February 2018, Marcel Ewals, MCI’s Director of Strategic Development and Association Services -APAC, based in Singapore shared his insights on business issues to consider before expanding into Southeast Asia, including:
- Economic reasons to be doing business in SE Asia
- Security issues that may arise in any of the countries
- Travel restrictions and VISA issues
- Connectivity, internet and mobile
- Cultural aspects to be considered
- Conference and meeting venue availability
To find out how MCI association experts can help your association meet key long- and short-term growth objectives, visit us at association.mci-group.com