BCD Reports: Companies travel further afield for conferences and incentives
More Australian businesses are travelling further afield for their conferences and incentives due to the more favourable currency conditions over the past 12 months, according to Corporate Travel Management Company, BCD Australia.
BCD Australia’s Sydney office reports a significant increase in overseas bookings for major company events over the past financial year, with the Australian dollar continuing to hover around 95c against the US greenback.
New Zealand and the broader Asia Pacific region has long been the most popular region for overseas conferences and incentives held by Australian companies, but this year more Australian companies have been choosing destinations in Europe, the US, China and India.
Among the locations selected by BCD Sydney’s corporate travel management clients in FY07-08 are Monaco, Istanbul, Hawaii, Cancun, Mauritius and various cities throughout China and India.
As the world’s two most important emerging economies, China and India have extra appeal, with many Australian companies recently establishing new business ties there. Both countries are undergoing significant leisure and corporate travel booms as more foreigners, including Australians, choose to visit on personal holidays or business excursions. New hotels and resorts are popping up all over both countries, with Hilton 
Hotels Corp recently announcing that 75 new hotels will be built in India over the next five years, along with 18 in China.
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This entry was posted on Thursday, August 14th, 2008 at 3:39 pm and is filed under Business News, Business Travel, Corporate Travel, Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
