International travel is expected to drive a 5% increase in corporate travel spending.
Business travel spending is forecast to rise 6.6% annually through 2023
Hotel demand is expected to grow 4.4% a year through 2020.
As international arrivals increase, 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.