WORLDWIDE LIST OF COUNTRIES WHOSE PEOPLE SPEND MOST ON BUSINESS TRAVEL AT NUMBER ONE IS USA($262 BILLION) SECOND IS CHINA ($ 196 BILLION )INDIA STANDS AT NUMBER TEN WITH ($ 22.I BILLION) No. 1 United States -- American companies spent $262 billion last year on business travel, representing a year-on-year growth of 4.4 percent. Reuters No. 2 China No. 2 China -- Chinese companies spent $196 billion last year on business travel, representing a year-on-year growth of 13.2 percent. Reuters No. 3 Japan No. 3 Japan -- Japanese companies spent $65.2 billion last year on business travel, representing a year-on-year decline of 1.2 percent. Reuters No. 4 Germany No. 4 Germany -- German companies spent $50.5 billion last year on business travel, representing a year-on-year growth of 1.1 percent. Reuters No. 5 United Kingdom No. 5 United Kingdom -- UK companies spent $40.2 billion last year on business travel, representing a year-on-year growth of 0.1 percent. Reuters No. 6 France No. 6 France -- French companies spent $35.7 billion last year on business travel, representing a year-on-year decline of 2.1 percent. Reuters No. 7 Italy No. 7 Italy -- Italian companies spent $32.7 billion last year on business travel, representing a year-on-year decline of 7.5 percent. Reuters No. 8 South Korea No. 8 South Korea -- Korean companies spent $30.5 billion last year on business travel, representing a year-on-year growth of 2.8 percent. Reuters No. 9 Brazil No. 9 Brazil -- Brazilian companies spent $30.1 billion last year on business travel, representing a year-on-year growth of 9.3 percent. Reuters No. 10 India No. 10 India -- Indian companies spent $22.1 billion last year on business travel, representing a year-on-year growth of 5.8 percent. Reuters No. 11 Canada No. 11 Canada -- Canadian companies spent $22 billion last year on business travel, representing a year-on-year growth of 1.4 percent. Reuters No. 12 Australia No. 12 Australia -- Australian companies spent $21.1 billion last year on business travel, representing a year-on-year growth of 2.8 percent. Reuters No. 13 Russia No. 13 Russia -- Russian companies spent $20.4 billion last year on business travel, representing a year-on-year growth of 2.6 percent. Reuters No. 14 Spain No. 14 Spain -- Spanish companies spent $17.9 billion last year on business travel, representing a year-on-year decline of 8 percent. Reuters No. 15 Netherlands No. 15 Netherlands -- Dutch companies spent $17.8 billion last year on business travel, representing a year-on-year decline of 4.5 percent. Reuters Global spending on business travel is expected to reach $1.12 trillion this year, according to the Visa-sponsored GBTA BTI Outlook. That figure represents a 5.4 percent increase over 2012, with travel spending getting stabilized after what GBTA called “a year rocked by worldwide economic and political uncertainty.” GBTA expects steady spending on business travel in the second half of 2013 to lay the foundation for 8.2 percent growth in 2014, followed by 7.6 percent, 7.2 percent and 7.1 percent growth each year through 2017. Though the numbers are generally positive, McCormick said the 2013 report served as yet another wake-up call for the U.S. and Europe to “improve aging infrastructure, establish fiscal order and stay competitive, because emerging economies are increasingly focused on meeting their own fast-growing business travel needs.”
Posted on: Mon, 04 Nov 2013 01:28:33 +0000
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