By 2016, the Chinese Will Spend More on Business Travel than Americans

Busy street in Hong Kong, China. (Purposely blurred with camera slow shutter speed.)

As China grows, so does how much the country’s inhabitants travel, especially when it comes to business travel.

While the United States has lead the pack in terms of spending on business travel, Americans are about to be overtaken by the Chinese: by 2016 China will have the world’s largest business travel market, according to Global Business Travel Association (GBTA).

What does that mean?

For one, China will have to grow its airports. Several airports already have had to double or triple their capacity, and over the next decade China is planning to build about 100 new airports. Because of the growth in travel within China, next year Beijing Capital International Airport is to surpass Hartsfield-Jackson Atlanta International Airport as the world’s busiest airport.

Secondly, other surrounding countries like Singapore, South Korea and Hong Kong can expect to benefit, as 95 percent of the travel will stay within Asia.

As business travel grows in China, the rest of the world will have to watch and see how the country deals with it. As Joe Bates, vice president of research at GBTA, told the Los Angeles Times, “the real question is can they keep up with the demand.”

And the Chinese better work on managing their business travel stress.