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Travel spending on the rise

Published by Steve Coleman on August 29, 2011

World-wide spending on business travel is expected to cross the $1 trillion threshold in 2011, although travellers living in more-developed countries are expected to stay rooted twice as often.

The Global Business Travel Association says the compounded annual growth in business travel spending in countries like, Canada, the U.S., France and Germany are expected to rise 5.4 per cent between 2011 and 2015, while Chinese business travellers will spend 11.2 per cent more.

"The recovery is happening, it's just not happening as quickly as most people would like," said Michael W. McCormick, GBTA executive director and COO. "Several countries are seeing the rebound happen at a much faster and more stable pace, and we're seeing that in the pace of business travel spending in the economies of China, India, Russia and Brazil. We're still bullish on business travel and all signs point towards continued growth."

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