Business travel spend in China falls short in 2014

Business travel spend in China has grown by a lower than expected 1.6% in 2014, with decelerating economic growth and the increased cost of compliance to blame.

Business spend in China falls short to 1.6% in 2014
Business spend in China falls short to 1.6% in 2014

Business travel spend in the country was originally predicted to grow to 4.3%, however, according to the American Express Business Travel 2014 China Business Travel Survey, growth fell short to only 1.6% in 2014.

Despite this, business leaders and travel managers still expect to grow their travel and expense (T&E) budgets by 3.5% in 2015.

The survey also found that only 34% of organisations plan to increase their T&E budgets in 2015, compared to 40% in 2014 and 49% in 2013 even though the number of employees travelling for business in 2014 increased to 38% from 33% in 2013.

Marco Pellizzer, vice president, American Express Global Business Travel and general manager, CITS American Express Business Travel, said: "Despite concerns about the softening rates of economic growth, and the increasing cost of doing business in China, it appears as though company leaders remain optimistic and still recognize the value of their business travel investment."

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Activities and hotels in stylish Scandinavia

Activities and hotels in stylish Scandinavia

A look at what the capital cities of Sweden, Faroe Islands and Denmark have to offer.

How event apps can wreck your social media impact

How event apps can wreck your social media impact

Customised event apps can 'silo' your social media amplification, a report from a specialist tech agency has found.

'Best of the Best' hotels and hoteliers chosen by luxury travel network

'Best of the Best' hotels and hoteliers chosen by luxury travel network

The ten winners of Virtuoso's 2019 awards chosen by 20,000 professional travel advisors.

5 inspiring sports stadiums for events

5 inspiring sports stadiums for events

International sporting arenas that offer impeccable facilities and special experiences for your delegates.

New event space opens at Southampton Science Park

New event space opens at Southampton Science Park

Venue has capacity for 200 people and is close to major road and rail links, as well as Southampton Airport.

Will outer space become a giant leap for incentives?

Will outer space become a giant leap for incentives?

Astronaut and associate professor of space physics Suzie Imber says the reality of travel beyond our planet is close.

8 activities in... Mauritius

8 activities in... Mauritius

Home to white sands, rum punch, high-octane water sports and natural wonders.

Government offers £250,000 to boost broadband in conference venues

Government offers £250,000 to boost broadband in conference venues

Conference centres across the UK can apply for new funding to improve broadband and attract more international business.

Why influencers are a big part of Las Vegas' MICE strategy

Why influencers are a big part of Las Vegas' MICE strategy

Las Vegas Convention and Visitors Authority's new MICE manager discusses influencers and why hotels within hotels are the latest trend.

In pictures: Hilton Garden Inn opens in Lithuania

In pictures: Hilton Garden Inn opens in Lithuania

The Hilton Garden Inn Vilnius City Centre has events facilities and a rooftop terrace and is the brand's first property in the country.

LATEST JOBS