Business travel likely to triple to $93 bn by 2030: Report

In fact, when one looks at India, one sees one of the highest growth rates in business travel in the world. If India continues on that trend, in 15-20 years, it will surpass the US as well and be second only to China. In fact, India is where China was close to 15 years back. It is clearly a story that no one is talking about yet, but it bears watching," he added.

The report is based on business travel booking and expense reporting data from its database of more than 100 corporates and small businesses and 20 users, representing nearly 5 percent of business travel spend in India.

The report revealed that 13 years from now (by 2030), India will likely to be among the top five in business travel spending.

Business travel spending in Asia Pacific totalled USD 458 billion in 2015, and is expected to grow at 7.8 percent annually over the next five years, 6.5 percent of this total spend came from India, while China, Japan and South Korea accounted for nearly 90 percent of the remaining spends, it said.

The report further said, Indian travellers are most likely to be transacting on their smart phones as this region has consistently led the charge with smart phone usage growing at 12 percent from 2014 to 2015.