28 October 2021, Thursday
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India poised for business travel boom

GBTA forecasts double-digit growth for sector in 2016

India’s business travel sector is experiencing “dramatic” growth, and the country is expected to become a global “leader” in the coming decades, according to a new report.

The Global Business Travel Association (GBTA) third outlook report for India revealed that the country’s total business travel spending is expected to grow 9.8% in 2015 and 10.9% in 2016 – the first year of double-digit gains since 2011.

In terms of domestic spending, the GBTA forecasts growth of 10.1% and 11.3% in 2015 and 2016, while international outbound business travel spending from India is forecast to rise 7.9% in 2015 and 7.3% in 2016. Read More