11 Strategies for More Efficient Business Travel, 8 Tips for Making Your Business Travel Worth the Hassle, 7 Makeup Items Busy Entrepreneurs Can Apply While on the Go, This Kickstarter-Funded Company is Making Luggage Smarter and Work Travel Easier, 4 Luxury-Looking Carry-On Bags That Cost Less Than $150, Relax on the Go With This Travel-Ready Gravity Blanket, 8 Ways to Avoid the 'Bad Health' Burden of Business Trips. While tourist taxes have provided some relief, the creation of a sustainable tourism market will require a more holistic approach, Machu Picchu has become synonymous with travel to Peru, creating a double bind for the country’s tourism sector that’s hard to resolve, Authorities in Chinese-occupied Tibet have named tourism a priority for the restricted region, yet have destroyed cultural monuments and undermined ethnic Tibetans’ way of life to facilitate access for foreign visitors, In recent years, Seoul has worked hard to improve its standing as a meetings destination. If you’re in the travel industry, get ready for a busy future. As technology continues to progress, travel is becoming more and more accessible to people from all over the world. Business Destinations lends a helping hand by exploring some of the world’s most exciting destinations for meetings and conferences. Choosing a venue for your next high-profile event can be a difficult process. Historically, business tourism takes the form of traveling to, spending money and staying abroad, being away for some time, and has a history as long as that of international trade. The report notes a number of factors contributing to this growth. The top 10 countries with the highest forecasted growth in business travel for 2017 to 2027 are: Over the past five years, spending for business travel in emerging markets such as the Democratic Republic of the Congo and Qatar has been on the rise. Get heaping discounts to books you love delivered straight to your inbox. In late 20th century, business tourism was seen as a major industry. Attracting over 89 million tourists each year, France is the world's most … Amplify your business knowledge and reach your full entrepreneurial potential with Entrepreneur Insider’s exclusive benefits. The study pinpoints a link between peace and economic development, which helps to explains why countries such as Sudan, Sri Lanka, Angola and Rwanda -- which have come out of conflict -- make the list of countries expecting high business travel growth. In the publication, UN regions and subregions are ranked by the number of international visitor arrivals, by the revenue generated by inbound tourism, and by the expenditures of outbound travelers. Madrid has long been esteemed for its culture, climate and excellent business facilities. However, the largest business travel markets are still the U.S., China, the U.K., Germany and Japan. Because this sector usually would promote national industry, enhance communication channels and upgrade quality of manpower in different economic sectors, such as agriculture sector, petroleum sector, communication sector, tourism sector, education and training … Today, the region is pushing back, leaving the global recycling ecosystem in turmoil, Los Angeles is a hotbed of leisure and business activity, which is set to become all the more vibrant thanks to the city’s ongoing developments, Vitoria-Gasteiz is known for its quaint wineries and picturesque green spaces, but the city has also proven its credentials as a host of major international events, This autumn, experts in banking, investment, leadership development and cryptocurrencies will travel across the world to take part in the season’s biggest business events, Madrid has long been esteemed for its culture, climate and excellent business facilities. Laura French takes a look at some of the best Christmas markets on the continent. Today, companies are seeking to expand into unchartered territories, developing new markets and maximizing revenue. PODCAST: Why Cristiano Ronaldo Is The World's Highest-Earning Athlete 2017 Grateful Grads Index: Top 200 Best-Loved Colleges Full List: The World's Highest-Paid Actors And Actresses 2017 Of course, one of the primary factors contributing to this growth is technology. From mobile phone alerts to flight upgrades and accessible information, more and more tech is emerging that supports travelers and travel businesses. Unsurprisingly, China tops the list as the country with the most expected growth, with an estimated 9.5 percent yearly increase in activity. Once the most important trading outpost in Europe, Venice is now known simply as a magnet for global tourists. Following close behind is Myanmar at 8.7 percent and Rwanda at 8.5 percent. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else. For just $5 per month, get access to premium content, webinars, an ad-free experience, and more! Business tourism is on the increase, and the tourism industry separates business tourism from leisure tourism in an effort to promote the former by offering particular services for business people. But new high-rises aren’t always indicative of progress, In South Africa, the growing craft economy is providing a way for women in poor rural communities to achieve financial self-sufficiency, Women’s football remains a largely untapped resource for brand sponsorship. Discover a better way to hire freelancers. Here are ten profitable business opportunities in the tourism industry. I understand that the data I am submitting will be used to provide me with the above-described products and/or services and communications in connection therewith. One area that’s particularly ripe for collaboration is tourism, Paris has long been one of Europe’s most attractive tourist destinations, but the less well-known aspects of the city, from its South-East Asian food scene to its experimental Brutalist architecture, mean the capital continues to bring in tourist from around the world, From the 3,000 quartzite sandstone pillars in China’s Zhangjiajie National Forest Park to the volcanic landscape of Göreme National Park in Turkey, Business Destinations counts the world’s five most spectacular national parks. With a number of exclusive dining and retail options, the region’s new airport terminal embodies this characteristic, The Netherlands tourist board has announced it’s adopting an approach of destination management over destination promotion as mass tourism threatens to overwhelm the city, The African Continental Free Trade Agreement seeks to create an economic alliance between African nations. While some countries and cities are unlikely to ever fall off of the travel industry’s radar, other lesser-known locations are gradually beginning to take centre stage. During the World Travel & Tourism Council (WTTC) Global Summit in Bangkok this month, WTTC and Travelport revealed in a new report that the $1.2 trillion business travel sector is expected to increase by 3.7 percent year over year for the next decade. Between 2011 and 2016, business travel spending in Congo increased by 32 percent, 25 percent in Qatar, 21 percent in Azerbaijan and 19 percent in Mozambique. With more spectacular venues set to open in the coming years, the South Korean city is fast becoming one of the best MICE destinations in the world, Times are tough for coffee growers in South America. Today, the South Korean capital is rightly lauded for the culture, food and events it offers business travellers, When a fire destroyed Brazil’s oldest historical institution in 2018, the loss was felt around the world. A recent surge in interest, however, has shown that with continued investment, the sport could provide significant returns, He is often cited as one of the greatest writers of the last century, but Graham Greene’s life was even more fascinating than his works of fiction, As a cave diver, Jill Heinerth has one of the most dangerous jobs in the world.