Emerging Markets Will Drive Business Travel Growth Over Next Decade
Photo Credit: China and Myanmar will experience strong business travel growth in the next decade. A mall in Shanghai is pictured here. Flickr / hans-johnson
Skift Take
While emerging economies in Asia and Africa will see the greatest business travel increase over the next decade, according to WTTC forecasts, the U.S. and China will remain the largest global business travel markets.
Despite the current climate of uncertainty surrounding business travel, the World Travel & Tourism Council (WTTC) projects that global business travel growth will chug along at a solid 3.7 percent yearly through 2027, according to a new white paper released in conjunction with Travelport.
Asia-Pacific is expected to drive global growth, with a 6.8 percent growth rate. China is expected to lead the world in growth with a 9.5 percent annual increase, followed by Myanmar (8.7 percent), Hong Kong (8 percent), Cambodia (7.4 p
