
China, currently ranked second in the business travel market, is forecast to surpass the United States as early as 2015, according the Global Business Travel Association (GBTA).
Business travel spending in China will increase 17% in 2012, GBTA predicted, and 21% in 2013, to US$202 billion and US$245 billion, respectively.Other highlights include:
“We forecast significant increases in business travel by Chinese citizens over the next two years, with at least two-thirds of the growth being real increases in trips and spending as opposed to rising travel prices. This should also be accompanied by GDP growth rates of 8% to 9% a year,” said Michael McCormick, executive director and COO of GBTA.

