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China Passes US as World’s Largest Business Travel Market

While it is pretty much a photo finish, China edged past the United States in total business travel spending at the end of 2015 by a billion U.S. dollars making it the largest business travel market in the world. The two countries finished the year with $291.2 billion in spend compared to $290.2 billion, respectively, according to a recent GBTA report. Despite the slowing Chinese economy, investment in travel infrastructure continues in anticipation of better days ahead for both business and leisure travel. A plan to open 82 new airports has been underway since 2011 and hoteliers are also continuing to increase their presence in China. Over 70 percent of the hotel construction pipeline in Asia Pacific can be attributed to China. To read more at GBTA.org, click here.

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