India Business Travel Spending Forecasted to Grow 8.6% in 2014, 9.2% in 2015
Delhi/Mumbai, 2014-11-28 — /Travel PR News/ — The Global Business Travel Association (GBTA) Foundation, the voice of the global business travel industry, today announces the results of its second GBTA BTI™ Outlook – India report, a semi-annual analysis that relates unfolding economic events at home and abroad to their resulting impacts on India’s business travel market. The report, sponsored by Visa Inc., includes the GBTA BTI™; an index of business travel spending that tracks market performance over time. Key highlights of the report include:
“Growth in business travel spending in India over the last 15 years has been nothing short of remarkable, helping to pace the tremendous performance of the overall Indian economy,” said Welf Ebeling, GBTA Vice President of Operations for Asia Pacific. “Renewed optimism for the Indian economy on the heels of new pro-business leadership is great news for the continued future growth of business travel spending in the region.” “The report forecasts business travel growth in India to return to high levels not seen for years,” said Tad Fordyce, SVP & head of Global Commercial Solutions, Visa Inc. “As organizations increase their business travel in India and elsewhere in the world, electronic payments play a lead role in helping companies track and pay for business travel-related expenses.” The GBTA BTI™ Outlook – India is free of charge to all GBTA Members by clicking here. Non-members may purchase the report through the GBTA Foundation by emailing pyachnes@gbtafoundation.org. To view an abstract of this research, please click here.
About the Global Business Travel Association
The Global Business Travel Association (GBTA) is the world’s premier business travel and meetings organization headquartered in Washington, D.C. area with operations on six continents. GBTA’s 7,000-plus members manage more than $345 billion of global business travel and meetings expenditures annually. GBTA and the GBTA Foundation deliver world-class education, events, research, advocacy and media to a growing global network of more than 28,000 travel professionals and 125,000 active contacts. To learn how business travel drives business growth, visit gbta.org
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