Global business travel spending will reach a record $1.18 trillion this year, up nearly 7 per cent from 2013, bolstered by growth in China, a US trade group said on Monday.
The Global Business Travel Association said it expects China, where business travel spending grew to $225 billion in 2013 from $32bn in 2000, will top the United States, which is currently the world’s top individual market for business travel, by 2016.
