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Tuesday, July 28, 2009


  Tremendous growth expected in Business Travel

National Business Travel AssociationBusiness Travel in China and Japan is expected to increase at a huge pace within a span of 5 years.The development in this sector is said to exceed even the US Growth. Additionally developing countries like India,Vietnam,Iran and Indonesia will also witness a major growth within the timeframe of 5 years.

The above findings are a result of a study conducted by National Business Travel Association (NBTA) as well as travel management company Egencia.The United States symbolizes a major segment of global business travel spend with $261 billion or 28% of the world total, next being China at 10% and Japan at 8%.

Regardless of the U.S. position as the worldwide leaders in business travel spend, Asia Pacific is assured for extensive growth over the next five years, while U.S. growth is expected to decline.China's spend, at $93.8 billion in 2008, has tripled over the elapsed 10 years and is anticipated to go ahead in market growth between 2008 and 2013, followed by Japan and South Korea. Measured in terms of the dollar boost in business travel spending,the U.S. is estimated to be fourth in development, after India.

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