The World Travel & Tourism Council (WTTC) has released its 2017 Global Economic Impact Report, and it makes for some interesting reading. The report reveals that the international business travel sector is expected to increase by a healthy 3.7 percent per year over the next 10 years. This report, which was released to great fanfare at the WTTC Global Summit in Bangkok, has cast the spotlight on some of the fastest growing business travel regions, all of which are expected to be the major winners in the business travel stakes. These areas include China with 9.5% growth, Myanmar with 8.7% growth, Rwanda and Gabon with 8.5% growth respectively, Hong Kong with 8% growth, Tanzania with 7.9% growth, Cambodia with 7.4% growth and India with 7.2% growth.
Unsurprisingly, currently the “Big 5” business destinations remain the United States, China, the UK, Germany and Japan, all of which have introduced visa improvements to help promote ease of travel and in turn economic growth. This economic growth is staggering when viewed in numbers, with travel and tourism generating upwards of USD$7 trillion in GDP, all of which has helped to create and sustain more than 292 million jobs across the globe. As one would expect, business travel has proven to be a vital part of the travel industry, and is a major force behind global growth. This is because business travel drives interpersonal relationships, creates investment opportunities, and improves supply chain logistics, all of which help to support and maintain international trade flows.
For your convenience, we’ve supplied a direct link to the 2017 World Travel & Tourism Council Global Economic Impact Report here. This report highlights a number of interesting facts, including:
Then please don’t hesitate to contact our qualified business travel experts at TravelManor. We’re waiting to assist you in any way that we can, so contact our offices in Cape Town on +27 21 555 2829 today!
If you're headed to Salt Lake City for business soon, the following tips could help you to make the most of your co… https://twitter.com/i/web/status/11967246857293578249:39 AM Nov 19th
SA business travellers headed abroad in 2020 are well-positioned to carve out some bleisure time. Here are a few ti… https://twitter.com/i/web/status/11967243884161515579:38 AM Nov 19th
SA business travellers headed abroad in 2020 are well-positioned to carve out some leisure time. Here are a few tip… https://twitter.com/i/web/status/11912408852473978956:28 AM Nov 4th
SA business travellers headed to Rio de Janeiro in 2020 should take head of these top tips to tailor a rewarding co… https://twitter.com/i/web/status/118657883992696832010:43 AM Oct 22nd
When you’re travelling to a new destination, your travel management company should prepare you. Here are a few impo… https://twitter.com/i/web/status/118657809462006169610:40 AM Oct 22nd
Business travellers headed Helsinki will find these insider tips valuable in the leadup to their corporate journey… https://twitter.com/i/web/status/11790339882974126083:03 PM Oct 1st
Travel has a big impact on the environment, but there are ways to lessen your carbon load on the planet. Here are a… https://twitter.com/i/web/status/117174786895844147212:30 PM Sep 11th