Steady Growth in Global Business Travel Spending Forecasted Through 2022

August 15th, 2018 |

According to the BTI Outlook, an annual research study conducted by Rockport Analytics on behalf of the Global Business Travel Association (GBTA), Global business travel spending is forecast to advance by 7.1% in 2018 and will expand to $1.7 trillion by 2022. According to the report, India and Indonesia will be the fastest growing markets over the next five years, picking up 11.3% and 8.7%, respectively. Despite signs of an economic slowdown and growing trade tensions with the United States, China remains the world’s largest business travel market and will continue to distance itself from the rest of the world over the next few years. Learn More.