An interesting indicator of the pace of change in emerging markets is how much is being spent on business travel

07 - 13 May 2016

EMIS
VIDEO
Sign in
here

From the CEO OF EMIS

An interesting indicator of the pace of change in emerging markets is how much is being spent on business travel. Just last month, the Global Business Travel Association reported that, for the first time, China had overtaken the United States in business travel spending. That in itself is a startling fact but the projected growth in spend for China and other emerging markets is perhaps more remarkable. This year, business travel spend in China is forecast to grow by over 10% compared to just 2% in the US.

India is looking at a similar growth rate and even depressed markets like Russia and Brazil are likely to see growth of around 6%..

Business travel spend in China is dominated by domestic trips. This is undoubtedly aided by the huge investment in infrastructure that includes a plan to build 82 new airports in the country. India is planning to invest US$120bn in airport infrastructure over the next decade. Anyone who has travelled in eastern Asia in particular will testify as to how well the experience compares with supposedly developed countries where major investment is needed to upgrade outdated and congested facilities.

One more area, then, where leading emerging markets are overtaking their developed counterparts.

 

Best wishes,

Guy Dunn
Chief Executive Officer


Here are a few articles I came across on the EMIS service this week related to the travel market:

INTERNATIONAL TRAVEL MARKET IN INDIA INCREASES AND WILL REACH USD15BN BY 2017

Foreign travel market will reach INR1 trillion (USD 15 billion) by 2017 though multi currency pre-paid forex travel cards.


Read more  

PAL HOLDINGS FLYING HIGH

According to the company, the profit last year soared through the roof at more than 4,400 percent to P5.77 billion from P127.34 million in 2014.


Read more  

AIR TRANSPORT PASSENGERS IN COLOMBIA INCREASED IN Q1 2016

Aerocivil, Colombia´s civil aviation authority, declared that more than 8mn air passengers were carried by national airlines.


Read more  
Infographic of the week


The appetite of Mexico’s food and beverages sector has been steadily growing over 2010-2015, with its value added expanding at a CAGR of 2%. The country boasts the third largest food and beverage industry in the Americas region and accumulated a constant trade surplus of USD 2.33bn in 2015.



Click to view it full screen

EMIS Insights and reports

Here are two of our own exclusive industry insights from EMIS' team of highly experienced, locally-based analysts. EMIS Insights deliver the most relevant industry news, data and research from over 25 sectors in 21 countries.


INDONESIA TELECOMMUNICATIONS: THE SMART TIGER CUB

The number of smartphone users has been growing rapidly, driven by the declining cost of handsets, but was still below 50% as of 2015.

Read more


ROMANIA REAL ESTATE: MAKE CAPITAL OUT OF BUCHAREST

The country has a stock of about 2mn sq m of industrial and logistics space and 3mn sq m of retail property with over 30% of this space located in the capital Bucharest.

Read more

Weekly News summary

Below are the most read articles in the past week on EMIS Perspectives, our daily blog of emerging market news and insights.

PPCRV QUICK COUNT TO CONTINUE DESPITE MARCOS CALL

The Commission on Elections (Comelec) sees no reason to stop the unofficial quick count being done by an accredited vote-counting council.




Read more…
CHINA-PHILIPPINE TIES AND THE UPCOMING PH ELECTIONS

Chinese Foreign Ministry Spokesperson Hong Lei commented on the strained relations between the Philippines and China due to the West Philippine Sea territorial disputes.


Read more…
INDIAN CAMLIN FINE SCIENCES BUYS 65% IN MEXICAN DRESEN QUIMICA FOR $7.8 MN

Indian chemicals manufacturer said on Thursday that it has wrapped up acquisition of a 65% stake of Mexican peer Dresen Quimica for $7.8 million.



Read more…
ARGENTINA’S YPF TO POUR $200 MN IN WIND FARM

Argentina’s state oil company YPF will pour $200 million to build a 100-MW power plant wind farm in the Chubut province, southern Argentina.





Read more…
BRAZILIAN SENATE SUSPENDS PRESIDENT ROUSSEFF

The Brazilian Senate on Thursday voted to suspend President Dilma Rousseff from her duties and to put her on impeachment trial on charges of budget irregularities.




Read more…
S&P IMPROVES ARGENTINA’S LT RATING TO B-

Global credit agency S&P has improved Argentina’s rating to B- from Selective Default (SD) and its short-term rating to B from D.



Read more…
MOSCOW CALLS PANAMA PAPERS LEAK “THEFT”

The leak of Panama Papers is “theft” and offshore companies are not illegal, newswire Prime reported on Tuesday citing presidential spokesman Dmitry Peskov.



Read more…
IBM TO SET UP CUSTOMER SUPPORT CENTRE IN CROATIA

US technology company IBM will set up a customer support centre in Croatia, an announcement, which is seen as the most major business news in the Adriatic country.



Read more…
RUSSIA TO LAUNCH GRAIN EXPORTS TO CHINA THIS YEAR

Russia will launch grain this year exports to China, newswire prime reported on Friday citing the Agriculture Minister Alexander Tkachyov as saying.



Read more…
AIR ARABIA’S Q1 PROFIT UP 42%

The company has boosted its profit by 42.2%, comparing to AED 78.1 mn (US$ 21.3 mn) for the first three months of the previous year.


Read more…

IRAN, INDIA CLEAR US$ 6.4 BN OF STALLED OIL PAYMENTS

Due to the sanctions, imposed on Iran in 2011, buyers of Iranian oil couldn’t use global banking channels to settle payments.




Read more…

NIVEUS SELLS ITS STAKE IN KWV HOLDINGS

Niveus Investments (NIV) has recently announced its plans to sell its 57.13% stake in KWV Holdings, one of the leading wine and spirits manufacturers in South Africa.





Read more…

About EMIS

EMIS operates in and reports on countries where high reward goes hand-in-hand with high risk. We bring you time-sensitive, hard-to-get, relevant news, research and analytical data, peer comparisons and more for over 120 emerging markets.

Read more

EMIS Charting Tool

EMIS CHARTS uses selected data points from the subscription-based EMIS service, to provide you with an interactive overview of sectors, key players and macroeconomic trends across 120+ emerging markets and allows you to create your own charts.

Try it out now

EMIS in Numbers


125
countries

1.3 million
companies

58,000
articles per day

235 million
searchable archive

250
industries
EMIS
VIDEO
Sign in
here

Copyright © 2016 EMIS, all rights reserved.