Business travel booming in Asia Pacific
Business travel in Asia Pacific has grown by 8% annually since 2000 according to a report by the Global Business Travel Association (GBTA). Spurred by strong growth in China and India in particular, the report predicts that the Chinese business travel market will increase to USD 375 billion from USD 196 billion in 2012. Unsurprisingly, emerging markets are showing stronger growth than developed markets. As this article on the TTG Asia website reports, China will also overtake the US as the world’s biggest business travel market in 2016 and India entered the world’s top ten markets in 2012, overtaking Canada. The report tracks business travel spending and growth across 75 countries and 48 industries. More information can be found in this press release on the GBTA website.