News to Know
Revitalized Indian Corporate Travel Market to Touch $60 Billion Next Year
(SOURCE: BIZZBUZZ, GBTA FEATURED)
The Asia Pacific business travel market is primarily driven by the rising middle class and stable economic growth in the region. The increasing adoption of technology in travel management processes is also contributing to the market. Additionally, rapid digitization in the tourism and corporate sectors, coupled with the penetration of the Internet of Things (IoT), has helped both travellers and travel operators to operate swiftly and efficiently. Furthermore, there has been a rising trend of B-leisure travel, which incorporates business with pleasure elements while offering recreational activities for relieving stress and improving work efficiency.
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