South Africa business travel outlook: To reduce exposure to commodity price volatility, South Africa is diversifying its economy—particularly by expanding services. The financial, mobile telecommunications, tourism, transport and logistics sectors have all performed well.
Insights on travel to, from and within Thailand.
Insights on travel to, from and within Asia’s fourth-largest economy.
Although the Philippines has one of Asia’s most robust economies, uncertainty in global markets has weighed on business sentiment and investment.
As Peru’s 2021 presidential election approaches, rising uncertainty could dampen economic growth.
Inbound travelers account for two-thirds of total business travel spend in the country.
Inbound travelers drive growth in Japan’s business travel market. Corporate travel spending is expected to average 3.4% annual growth through 2023.
Falling confidence, weaker credit flows and rising uncertainty define Italy’s economy.
Business travel spending is forecast to rise 6.6% annually through 2023.
Excluding daytrips, international travel to and from Austria increased by 23% between 2013 and 2018 to almost 45 million journeys a year.
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.