In industry research, a new report from the GBTA Foundation, the education and research arm of the Global Business Travel Association, shows that China remains one of the fastest growing business travel markets in the world and is well on the way to becoming the world leader in business travel.
“Total business travel spending is expected to grow 9.2 percent this year reaching $317.9 billion USD. In 2017, another 8.4 percent increase is expected bringing total Chinese business travel spend to $344.6 billion USD. By comparison, U.S. business travel spending is expected to reach $293.1 billion USD in 2017, a $51.5 billion USD difference, further solidifying China’s new-found position as the largest business travel market in the world, the GBTA said…” Read more at International Business Review.
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