Business Travel Expected To Grow 24% By 2023
Development of the tourism industry, rise in globalization, and rapid increase in small- and medium-sized enterprises are driving the increase.
ORLANDO, Fla. -- Despite recent economic turbulence, China business travel will increase by 61% during the next five years, from $261 billion in 2014 to $420 billion in 2019. That increase exceeds the increases in business travel growth in the next eight largest countries combined, including the U.S., Germany, India, U.K., Indonesia, France, Turkey and Japan.
GBTA press release here
Related Topics: business growth, business opportunities, business travel, business trends, China operators, corporate travel, GBTA, Global Business Travel Association, industry trends, international business
Development of the tourism industry, rise in globalization, and rapid increase in small- and medium-sized enterprises are driving the increase.
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