Browsing tag: economy

Companies Expect Ongoing International Travel Disruption Resulting From Revised Travel Ban

European Companies Will Plan Significantly Less Meetings & Events in United States The Global Business Travel Association (GBTA), the voice of the global business travel industry, polled its U.S. and European members this week to assess the business travel impact of President Trump’s revised executive order on travel. Nearly 4 in 10 (37 percent) U.S.

Uncertainty Over Travel Ban Puts Business Travel and the Economy at Risk

GBTA Releases Latest U.S. Business Travel Forecast Earlier this month, GBTA released data showing the dramatic bottom line impact President Trump’s executive order banning travel to the United States from seven Muslim-majority countries has had on business travel. In the week following the ban, approximately $185 million in business travel bookings were lost as the

Is Election Year Uncertainty Putting U.S. Businesses at Risk?

Today, the GBTA Foundation released its latest quarterly U.S. business travel forecast, slightly downgrading our expectations from the previous quarter. Uncertainty around the upcoming presidential election is among the factors influencing our more pessimistic outlook for U.S. business travel spending through 2017. Along with the uncertainty surrounding the election, sluggish global expansion, low inflation, weak

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