The Global Business Travel Association annual forecast has predicted an increase in business travel spend in 2018 of over 7%, having reached US$1.33 trillion in 2017, itself a rise of 5.7% on the previous year.

The GBTA says that growth has been fuelled by improving economies globally, but predicts slower economic growth in the future due to a number of factors including rising interest rates in the US and rising protectionism sparking potential trade wars.

Brexit is another challenge, with the UK seeing a 0.7% decline in travel spend in contrast with increases in Spain, Germany and France of 6.3%, 5.6% and 3.9% respectively.

The GBTA has placed India and Indonesia into their own category with China, with that category expected to see the highest growth in spend anywhere glocally, by 2022.

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