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October 18, 2012

Asia -- Continued growth in Chinese business travel next year: GBTA study

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The second GBTA BTI Outlook-China report has determined that business travel out of China will see continued growth in the next 18 months, with total business travel spend forecast to grow by 12.5 per cent in 2012 to US$195 billion, followed by another 14.7 per cent in 2013.

Domestic business travel, boosted by fiscal stimulus and increased infrastructure spending by the Chinese government in reaction to the global economic slowdown, is predicted to recover “sooner and more strongly” than international outbound. The study reported that domestic travel spend will grow by 12.8 per cent this year, and 14.6 per cent in 2013 to reach US$213 billion.

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