China and India are one of the fastest driving forces for businesses in Asia. Besides these neighboring countries, Indonesia, Japan, Malaysia and Vietnam are also opening up to different markets all across the world. This has led to a significant increase in corporate business travel. Increased multilateral trade relations, corporate conferences, international seminars, exhibitions and corporate client meets have led to a rise in corporate business travel.
Business travel has been riding the wave of economic growth especially in China. Its burgeoning economy has seen a tremendous shift in the attitude of world and its business towards this country. This has taken corporate travel from nowhere in the last decades to a great level in the recent years. China's economic might in the last years can be gauzed from the fact that it has averaged a growth rate of 10% per year. Thanks to the political and social stability, improved labor laws and a significant inflow of foreign investments in China, the country has attracted significant corporate business travel.
The 2008 Olympics created a history and established China's might as one of the biggest economies of the world. It also attracted a large number of travelers, helping China's tourism tremendously. One of the biggest reasons for the growth of travel in Asia, apart from the rise of corporate business travel is the purchasing power of the middleclass, which has increased tremendously in the recent years.
Businesses in and around Asia and other off-shore countries have started scheduling a large number of corporate business travel for their executives. Also, a significant number of corporate conference organizershave mushroomed in the recent years, giving rise to a large number of.
One of the major reasons why corporates travel is to collaborate with several clients spread globally. Corporate conference organizers help big companies and even SMEs to show their status by successfully implementing strategies. Since traveling is also intricately related to arts and culture, in the recent years the number of exhibition organizers has also increased tremendously. Corporate conference serves as an interface between different verticals of the industry.
Even India has become a top-notch destination for all type of travel, especially business tour. As India as evolved to become one of the best outsourcing options for off-shore clients, the interaction between clients and corporates has also increased. This has led to a lot of international travel for Indian corporates. As India shines and opens up to several countries, the scope of corporate travel is certainly bound to increase.
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