Very interesting article in Travel Daily News online, Tuesday, July 24th, 2012:

The GBTA Foundation, the research and education arm of the Global Business Travel Association (GBTA), released the 4th annual comprehensive report analyzing the current state of global business travel spend and growth projections for the next five years. The GBTA BTI Outlook – Annual Global Report and Forecast, Prospects for Global Business Travel 2012-2016, sponsored by Visa Inc., found that business travel spending growth in developed economies is slowing compared to previous forecasts, but emerging markets continue to grow rapidly.

In 2011, emerging markets such as Brazil, Russia, India and China all experienced growth rates over 15% in business travel spending, more than making up for the substantially slower growth rates of the U.S. and Western Europe. The outlook for 2012 is for global business travel spending to grow at 4.6% to $1.07 trillion, followed by significant growth in 2013, advancing another 8.1%. More…