Chinese managers say they are likely to spend more on business travel in the next 12 months, according to a new survey, which bodes well for the country's burgeoning corporate travel market.

The study by AirPlus International, a German company that provides business travel payment solutions, said that China is now considered the world's fastest-growing market for business travel, and that the sector is expected to continue expanding.

It gathered responses from 100 corporate travel managers from China, within a total of 2,101 travel managers in 24 countries, including the United States, Germany and the United Kingdom.