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China to overtake US as largest business travel market
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Shanghai remains China’s biggest business travel market, followed by Beijing and Guangzhou, according to HRS, an online business travel management expert.
More than 500 multinational corporations have headquarters in Shanghai, making the city’s Pudong and Hongqiao airports the most popular destinations for business travelers, Hotel Reservation Service said in the Index of Business Travel and Cities for 2014.
HRS released a survey at the Corporate Travel Forum in Beijing recently. The survey on hundreds of industry professionals around the world tried to forecast the trend of business travel industry in China.
“With Chinese enterprises going farther and more frequently overseas, more and more employees are conducting their business worldwide,” said Kimi Jiang, managing director of HRS China.
China is expected to overtake the United States as the world's largest business travel market next year, according to the survey.
Annual expenditure of mainland business travelers will total US$200 billion this year and to US$277 billion in 2015, HRS predicted.
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