Canada booming for business travel

(Originally published in TOURISM)

Although it may come as a surprise, when TravelMole's David Wilkening asks the question "what is one of the fastest growing international markets" the answer includes Canada.

That's what a National Business Travel Association (NBTA) survey said. It has ranked Canada in the top 10 as one of the fastest growing international markets. The report ranks the top 10 destinations outside of the US with the highest potential for growth in corporate travel spending in 2008, according to Wilkening's report.

The rankings put China in the number one spot, followed by the UK, India, Mexico, France, Germany, Latin America (excluding Brazil and Mexico), Canada, Japan and Brazil.

The NBTA survey also found that business travel will continue growing in 2008, though the rate of growth will level off somewhat; published airfares will increase six to ten percent over 2007, published hotel rates will increase from five to seven percent; and overall travel costs will increase from six to eight percent, Wilkening notes.

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