From the hustling cities of Asia to the scorching desert cities of the Middle East, business travel is booming in emerging countries. Last year business traffic in the emerging markets of Asia, Latin America, and the Middle East grew substantially and major infrastructure projects are underway to accommodate the rapid growth in these markets. Most emerging cities are experiencing an expansion of airports, hotels, and highway. This trend is further testament to the dynamism and growth prospects of emerging markets.
Emerging markets across the world may differ in business climate. However, one thing is common to all emerging markets—the growth of infrastructure. In Shanghai, China a project to revamp its international airport terminals is currently in the works. Istanbul, Turkey is successfully refashioning itself as a modern day transportation hub with streamlined connections to Europe and Asia. And in Brazil, a rising oil power, is spending billions on infrastructure projects as it prepares to host the 2014 FIFA World Cup and the Summer Olympic Games in 2016.
So what makes these markets attractive for business travel and international business? First of all, emerging markets are all attributed with a growing middle class and hence, a growing consumer base for international businesses. This makes emerging markets attractive as export destinations and business expansion. Infrastructure growth also provides remarkable opportunities for international companies in emerging markets. Businesses all around the world can offer their services and products to further growth in these infrastructure projects. Emerging markets have the potential to shape the future of the global economy, so why not take part in the opportunities created by these exciting markets?