Current Global Business Travel Trends Offer a Sneak Peak into the Future - ATG


The Global Business Travel Association (GBTA) recently released data pertaining to global business travel spending in 2015 and beyond. The results are vital to understanding what the present economy looks like and where the industry is headed. ATG Travel, with offices in over 54 countries, takes pride in staying up-to-trend with business travel demands and global industry news. Here are the statistics you need to know to be prepared for what’s to come.

India and Indonesia

  • India and Indonesia will see the largest growth in business travel spending between 2015 and 2019 as the U.S. and China currently monopolize the bulk of this spending

China

  • Chinese business travelers spend less per person on travel than most other major business traveler markets
  • China had the largest year-over-year increase in business traveler spending
  • China is forecasted to have the largest GDP growth between 2017 and 2019

Russia

  • Russia had the largest decrease in business traveler spending last year
  • Consumer price increases will be highest in Russia, Brazil and India

Europe

  • Europeans are the biggest spenders according to business travel spend per person

Brazil

  • Brazil, along with China and India, will have the highest growth rates in exports between 2017 and 2019

Unites States

  • The United States is the top market for business travel spending in 2014 with 288.4 billion dollars in annual spending
  • GBTA predicts that real GDP growth between 2017-2019 will be around 2.4 percent

Leave a Reply

Your email address will not be published. Required fields are marked *