Earlier this year, it was widely reported that expenditure on business travel in China has overtaken the United States to be the country with the largest business travel spending globally*. According to the Barometer's findings, average growth for travel and expense (T&E) budgets in China in 2016 was 4.86%, consistent with 4.8% growth in 2015, and also with the 4.42% that had been anticipated in the 2015 survey. Of the surveyed organizations, 52% maintained stable T&E budgets for the last 12 months and 61% indicated they will not increase their budgets in 2017. The uncertainties of the current economic environment are clearly impacting enterprises, but the majority of organizations surveyed indicated that travel is a core business function and they will continue to invest in and improve their managed travel programs. Thirty-six percent (36%) indicated they will need to find smarter ways to spend their budgets to support travel activities, and 29% will try to find ways to increase travel to further accelerate business growth. In terms of air travel spending, the proportion of international spending against domestic air travel has decreased this year compared with 2015. The domestic portion this year is an average of 73% (up from 66% in 2015) and international is 15% (down from 19% in 2015)**. The contraction of international travel compared with domestic spending is likely to be the result of a number of different trends including a sharper focus on growing businesses domestically as China continues to grow, albeit at a slower rate, and a more conservative approach to business expenses leading to fewer internal meetings abroad. Get the full story at Hotel Online