Chinese business travelers spent an estimated $291.2 billion in 2015, compared with an estimated $290.2 billion by U.S. business travelers, according to the Global Business Travel Association.
The gap is expected to widen in 2016, when business travel spending in China is projected to grow 10.1% to $320.7 billion, compared with U.S. spending that is forecast to grow less than 2% to $295.7 billion, according to the business trade group.
The growth of China’s business travel spending comes despite a slowdown in the Chinese economy over the last year. The association noted China has continued to invest in its travel infrastructure, with plans to build dozens of airports and hotels across the country.
Los Angeles Times article here
Keywords
airports business travel business trends China operators corporate travel Global Business Travel Association industry trends
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