Asia international school boom cools

HONG KONG: Asia’s breakneck growth was a boon for international schools as expatriates moved to the region in droves bringing their school-age children with them. But as the economy cools so too has this lucrative niche industry.

Turning over hundreds of millions of dollars, in its heyday Asia’s international schools couldn’t keep up with demand for places for the progeny of business people relocated by companies expanding their interests in the region.