Business Travel gains momentum

India’s business travel industry has grown by 16.2 per cent over the past five years (2011-2016), according to a report by Travelport and World Travel and Tourism Council (WTTC). It has been predicted that Asia-Pacific will lead the way at a rate of 6.2 per cent each year to 2027, with India (7.2%) among the top five countries attributing to the growth. Over the past five years, at a global level, business travel spend has grown at an annual average of 3.6 per cent, with the strongest growth in the past 5 years having taken place in Asia, the Middle East and Sub Saharan Africa.