China poised to pass US as top business travel market

China is poised to displace the US as the world’s biggest business-travel market by 2016, aided by accelerating export growth and slowing inflation.

28th July, 2014

China is poised to displace the US as the world’s biggest business-travel market by 2016, aided by accelerating export growth and slowing inflation.

Spending worldwide for business travel will climb 6.9 percent this year to $1.18 trillion, according to a report released today by the Global Business Travel Association. Growth will accelerate by an estimated 8.6 percent next year and then slow in 2016 through 2018, the GBTA forecast shows.

In China, the increasing pace of exports since mid-2013,...

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