The Global Business Travel Association (GBTA) Foundation has upgraded its Business Travel Outlook for India.
GBTA projects India’s total business travel spend to grow 8.6 percent in 2014 to $26.2 billion. Business travel growth will advance another 9.2 percent in 2015 to $28.6 billion.
The reports also mentions domestic business travel has grown rapidly over the last 15 years as Indian standards of living have been boosted significantly by market liberalization. GBTA forecasts domestic business travel to grow 9 percent in 2015. International outbound (IOB) travel from India has been volatile over the last few years. IOB spending will gain strength and is projected to advance 9.7 percent in 2015.
Infrastructure, particularly a lack of supply of quality hotel rooms for international business travelers presents a challenge.
