PHILADELPHIA, PA, August 29, 2013 /24-7PressRelease/
-- Whether going to give a guest lecture at a Singaporean university or traveling to Latin America to conduct a real estate investment deal, Arturo Alvarez-Demalde
has always proven a strong figure in global business. Having experienced higher education in Buenos Aires, earned an MBA at Harvard Business School and served companies in Europe, Latin America and Asia, Alvarez-Demalde encapsulates what many professionals would deem a global business leader. However, while Alvarez-Demalde has found success through his business travel efforts, many companies--and professionals--have cut back on spending in this area as a way to keep costs down following the recession.
As a result of this trend, global commerce has dipped in recent years. However, Arturo Alvarez Demalde reveals that business travel expenses are increasing--not only in America, but also within many countries leading the international commerce movement. Alvarez-Demalde points to a recent article
from Fox Business that reports, "The world's leading business travel group predicts employees will spend 5.4 percent more on their travels this year as the market finally stabilizes after several years rocked by global economic and political uncertainties. But with the Global Business Travel Association (GBTA) expecting travel to grow by an even faster 8.2 percent next year, emerging regions like Brazil and China--not the U.S.--are expected to emerge as the clear winners in the trillion-dollar market."
According to the report, the United States currently remains as the leader in the business travel market with "more than $262 billion in spending last year, an increase of $4.4 from the year-earlier period." However, those gleaning suggestions from the GBTA assessment may prove concerned about the changing nature of global business travel and how it may impact the American economy.
Arturo Alvarez Demalde responds, "While America may no longer prove the leader in business travel, it is not necessarily a negative sign for the global economy. As business travel rates increase in developing countries, it is likely that new opportunities and innovations will be pursues, global ties will improve and the international economy--including that of the U.S.--can recover at a steady."
In regards to who may surpass the U.S. in business travel, Fox Business reports, "The GBTA, whose report details travel spending in 75 countries, says robust growth in developing countries throughout Asia and Latin America will 'permanently' reshape the travel landscape. Brazil, China and India are expected to become 'major global players' over the next few years, it says, with China on tap to replace the U.S. as the world's top business travel market. It's a sign business continues to flock to less-developed markets, attractive due to their skyrocketing growth and cheaper costs."
"As a professional who has many business interests based in Latin America, it is highly encouraging to see that spending on travel is likely to reshape global commerce. While this may pose many challenges for leading countries, those leaders who confront this trend with optimism, ingenuity and strategy may discover a new opportunity to participate--and profit--in a more balanced international economy," Arturo Alvarez Demalde.
is a professional who lives and works in Miami, Florida, as a managing partner of AD4--a family-owned private equity and real estate investment firm. While Alvarez-Demalde is continuously focused on new investment opportunities, particularly those within Latin America he remains a trusted global professional who has studied, worked and taught in several countries, including Europe and Asia. In addition to these achievements, Alvarez-Demalde carries an MBA from the Harvard Business School and has contributed to a wide range of industries, including his involvement in several restructuring projects within dairy, retail, telecommunications, aviation and wood processing.