by Michael J. Shapiro | October 30, 2013
Although growth in the Chinese business travel market has been slower than expected, the country still is expected to surpass the U.S. as the world's dominant business travel market by 2016, according to the Global Business Travel Association's recently released BTI Outlook-China 2013 H2 Report, conducted by Rockport Analytics. Business travel in China should grow this year by 14.3 percent, to US$224 billion. Another 17.2 percent increase is expected in 2014, which is more than twice the rate of growth forecast for the U.S. market. The Chinese market should be driven largely by domestic business travel, according to the report. Projections show Beijing Capital International Airport is on track to surpass Hartsfield-Jackson in Atlanta as the world's busiest airport. The report, which is compiled using a variety of economic factors, including gross domestic product growth, employment, international trade, foreign investment, and airline and hotel revenue performance, is available free to GBTA members on GBTA's website; nonmembers can purchase the report for $499 by contacting