Apr 222016
 
China overtakes US as world’s largest business travel market

China’s business travel market has overtaken the United States to become the largest in the world, the Global Business Travel Association (GBTA) has revealed. According to the latest GBTA BTI Outlook for China, the Asian country edged ahead the US in terms of total business travel spending at the end of 2015, by US$1 billion. China’s business travel sector was worth US$291.2bn in 2015, compared with US$290.2bn in the US, but this gap is likely to continuing growing, with China’s business travel spending forecast to […]

Apr 072016
 
China to overtake US as world’s top business travel market

This is the year to take stock of the corporate travel sector and the current trends in the Asia-Pacific as the region’s economic outlook continues to dominate global growth. The corporate travel spend in the region reached US$459 billion in 2014, with projected growth of 7.7 per cent in over the next five years. The China market is of particular interest. Despite lower oil prices and a shift away from public sector consumption towards individual consumption, China remains set to overtake the United States as […]