Focus: the travel industry - Espresso Economist

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​This summer we are running week-long series focusing on a single subject. Here, in the third article on travel and tourism, we look at business travel

Frequent business travel is good for neither mind nor body.
Heart disease, premature ageing and loneliness are the wages of a life earning air miles, studies show.
It is not only travellers who feel the effect.
In the age of video-conferencing, environmentalists despair at those who jet across the planet for cursory meetings.
But there are positives.
Oxford Economics, a research house, found that every 1% increase in business travel correlates to a 0.3% increase foreign direct investment.
And there is little sign of demand falling (although no one knows how many road warriors might be lost in Donald Trump’s trade wars).
Spending on business travel reached $1.3trn in 2017, up 5.8% on 2016, according to the Global Business Travel Association.
It is forecast to rise another 7.1% this year.
Much of that growth comes from emerging markets: India and Indonesia could record the biggest increases in 2018.

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• business travel 商务旅行；出差
• premature ageing 提早老化；过早衰老
• jet v. 乘坐飞机旅行
• cursory 草率的；匆促的
• emerging markets 新兴市场
• feel the effect 产生影响
• road warriors 频繁出差的人士
• be lost in 消失在…中;全神贯注于
• trade war 贸易战争
• In the age of 在...时代
• research house 调研公司
• direct investment 长期资本；直接投资

** rise / increase **
rise 多指度的上升
increase 多指数量的增加

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