China set to become world’s biggest business travel market
26 May 2012China is expected to become the biggest market for business travel within three years according to research by the GBTA.
The association’s Business Travel Index (BTI) is forecasting that corporate travel spending in China will rise by 17 per cent to $202 billion this year and by another 21 per cent to $245 billion next year.
China is currently ranked second behind the US in terms of business travel spending with a total of $182 billion in 2011 compared to $250 billion in the US. The UK is ranked fourth globally for travel spending at $38 billion with Japan in third position at $65 billion.
source: abtn.co.uk
