Friday, August 1, 2014

China’s Business Travel Will Exceed the United States by 2016

                By 2016, China’s business travel is expected to exceed the United States. In 2000 business travel spending was quoted at 32 billion a year. During 2013 Chinas mainland business travel spending was projected at 225 billion dollars have a 16.2 growth percentage. Although in the last year, the United States spent 274 billion dollars on business travel, it has a growth of only 1.1 percent annually since 2000. According to Michael McCormick, Executive Director of GBTA “This report underscores that China, along with the other BRIC countries of Brazil, Russia and India are leveraging their business travel expenditures into more economic opportunities”
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