Hotel demand in China is expected to grow 4.4% a year through 2020. Companies spend nearly US$327 billion (2.2...
As international arrivals increase in Colombia, hoteliers expand to serve more business travelers.
Business travel is expected to grow about 3% annually through 2020.
Business travel spending is projected to grow 10% a year through 2022.
Economists expect corporate travel spending to keep growing in the region.
Hotel demand is on the rise, but overall business travel spending is slowing.
Business travel spending is forecast to grow 7% through 2022.