is poised to be the 5th fastest-growing market in the world over the next five years, picking up an additional 129 billion in annual business travel spend by 2022. This growth mindset highlights the ongoing opportunity for the meetings and events industry to create value and expand its impact and reach. Resource description7127 KB, author, gBTA Foundation. We are seeing steady and increasing investment with meetings viewed as a growth enabler within organizations. The top 15 business travel markets remained largely unchanged from last year, except for India surpassing South Korea for seventh on the list. Shifting Market Share, the regional share of global business travel shifted only slightly since last years outlook, with Asia Pacific picking up 1 percent of market share and North America losing 1 percent, while shares in Europe, Latin America, the Middle East and Africa remained. They will receive a report with suggestions for next steps to take to move their programs along the continuum. Business travel market is projected to grow slightly below the global average over the next five years.9 percent. China continues to be a challenging market when it comes to the operation of compliant meetings and events.
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This special section outlines some of the specific areas to watch for when planning meetings in China, and indicates some basic next steps you can take to help mitigate meetings-related risk. Our report is designed to enable travel buyers around the globe to create and support their travel programs for next year whether local, national, regional or in-between. India is projected to crack the top 5 by 2022. Research, language, english, subjects, travel costs, Forecast, resource Details. McCormick, gbta executive director and COO. Description, welcome to our fourth annual Global Travel Forecast, a comprehensive look at travel pricing and the macroeconomic influencers that drive.