The latest data from HRG Brazil, a strategic
partner for Hogg Robinson Group (HRG), has revealed double digit
growth in Brazil, across corporate travel and events during 2012,
with continued optimism for 2013 and beyond.
Findings from the Brazilian Corporate Travel and
Meetings Index, unveiled at HRG's Second Latin American Forum in
Sao Paulo, showed over 12% year on year growth in terms of
corporate travel in 2012, while activity relating to meetings
groups and events grew by 39%.
The Index, prepared by analysing transactions in
Brazil, revealed a number of significant activity spikes during
2012, including a staggering 67% year on year growth in November
2012.
The results from the Index suggest a booming
business travel market across Brazil, and supports recent data from
the Global Business Travel Association (GBTA), which indicated an
expected 14.3% rise in Brazilian business travel spending in 2013.
Domestic journeys continue to dominate Brazil's
business-travel market, accounting for 95% of all transactions.
According to GBTA, the domestic market has grown 8.3% in the past
12 years, and is forecast to grow 12.9% in 2013. In line with the rapid emergence of the Brazilian economy however, international
business travel is also experiencing rapid growth, with HRG
pointing to an expansion in the number of international airports
being added to existing infrastructure across the country.
Susan Lancaster, International Development Director HRG, said,
"Outbound international business travel has been increasing
steadily for a number of years now, supported by a significant
investment in infrastructure. Five years ago almost 80% of
international flights would land in Sao Paulo, 15% in Rio and the
remaining 5% in other cities. The opening of international
airports in Brazilia, Porto Alegre, Belo Horizonte and across the
Northeast of Brazil have helped ease the burden in terms of
managing growing demand among business travellers across the
country.
"Business travel in Brazil may not be growing
quite as quickly as couple of years ago, but the pace of changes
is still remarkable. The conference market in particular is
booming, and with events like the World Cup and the Olympics on
the horizon, there does not seem to be much stopping the region
from overtaking mature business travel markets like the UK," Ms.
Lancaster added.
HRG,
Hogg Robinson,
Sao Paulo,
Brazil
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