There are a few emerging markets around the world already impacting on business travel, and there are big expectations on the role they'll play within the industry in 2017. In order to seize the opportunity to tap into these emerging markets, this article lists tips and advice on how travel managers can arm their employees and customers with the necessary tools to succeed. Among the predictions:
- Reports forecast that India will reach $36.1 billion in business travel spending in 2017, becoming a top 5 market in corporate travel spending in the next 15 years.
- China's business travel spending is expected to increase by 61% over the next 5 years. In 2015, China surpassed the USA as the biggest business travel market in the world.
- According to Asialink Business, Australian businesses in consumer markets such as design and product development, retail and online marketing and consumer finance have plentiful opportunity in Indonesia's emerging international marketplace.