Global business travel spend surges: GBTA

The global business travel spend has been consistently growing five per cent over 2014, topped $1.2 trillion USD in 2015, and is forecasted to reach 1.3 trillion in 2016, according to the GBTA BTI™ Outlook – Annual Global Report & Forecast, the education and research arm of GBTA. The report predicts that the global business travel spend would advance 5.8 per cent on average over the next five years, reaching $1.6 trillion in 2020. China emerged as the largest business travel market in the world in 2015 at $291 billion.