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U.S. business travel spending will increase by 4.9% in 2015 to $302.7 billion, according to the Global Business Travel Association Foundation. Since 2009, U.S. business travel spending is up 38%.
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A Global Business Travel Association (GBTA) report found that U.S. business travel spending was expected to end the year at $292.2 billion. With a forecast to hit $310.2 billion, the projection for U.S. business travel spending in 2015 also remains strong.
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Business travel spending in India is expected to grow 8.6% in 2014 to $62.2 billion and increase another 9.5% in 2015 to $28.6 billion, according to the latest semi-annual “GBTA BTI Outlook — India” report.
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Business travel spending in China is expected to expand 15.9% in 2014 to $262 billion and increase another 18% in 2015, according to the latest semi-annual “GBTA BTI Outlook – China” report.
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A Global Business Travel Association (GBTA) forecast has found that business travelers spent an estimated $72.8 billion on U.S.-originated business travel during the second quarter of 2014, a 7.1% year-over-year growth.
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Brazil's business travel spending is expected to grow 3.6% in 2014 and 4.1% in 2015, down from projections of 12.5% and 5.9%, according to the Global Business Travel Association (GBTA).
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According to a GBTA Foundation report, China leads growth of all 75 countries in the report, having grown from $32 billion in 2000 to $225 billion in 2013.
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After a period of slow economic growth and inflation, business travel spending in India is expected to increase by 7.6% to $28.8 billion in 2015, according to the Global Business Travelers Association (GBTA).
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Despite two quarters of weaker economic growth in 2013, business travel spending in Brazil is expected to expand 12.5% to $37 billion in 2014 and another 5.9% in 2015, according to the Global Business Travelers Association (GBTA) Foundation.
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With business travel spending in China expected to expand 17.8% to $309 billion throughout 2015, according to the GBTA, China is poised to overtake the U.S. and become the No. 1 business travel market in the world as early as next year.
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