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Corporate Procurement Leaders Cite Challenging Travel Market Dynamics, Growing Need to Leverage All Segments As 2024 Supplier Negotiations Begin 

New GBTA and HRS Report Reflects Changes and Opportunities for Programs as Travel Rebounds  With flights to key corporate destinations mostly full and hotel rates stubbornly high, corporate travel and procurement leaders are faced with a uniquely challenging environment as negotiations with suppliers for 2024 business travel volume start this quarter. The return of volume…

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Check-In with Suzanne

Coming Back and Setting the Stage for Global Business Travel  Being back together as an industry at the GBTA Convention 2022 last week in San Diego marked a lot of memorable moments and firsts, not only for GBTA but for so many of you as well. Our Convention always represents the confluence of the global…

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Business travelers set to see air fares rise by 8.4%, hotel rates by 8.2%, and car rental charges by 6.8% in 2023

MINNEAPOLIS – Global travel prices are predicted to continue to increase in the remaining months of 2022 and throughout 2023, according to the 2023 Global Business Travel Forecast, published today by CWT, the B2B4E travel management platform, and the Global Business Travel Association (GBTA), the voice of the global business travel industry. Rising fuel prices,…

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Check-In with Suzanne

Ready for GBTA Convention 2022? Over 1,000 Travel Buyers Are It’s getting close to kickoff time with the GBTA Convention 2022 just days away. We know for some attendees, this might be your first foray out to attend a major global business conference since the pandemic began. Or maybe it’s even your first flight or first…

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What are Business Travelers Looking for These Days in Terms of Hotel Stays?

Corporate travel buyers have more choices than ever for hotels to host their business travelers. The largest hotel companies in the world—including Marriott International, Hilton, Hyatt, Wyndham, and AccorHotels—have more properties than ever after acquiring new brands or creating their own. Business travel makes up a large bulk of a hotel’s revenue, and corporate travel…

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Week in Review

Following the two fatal Boeing 737 Max crashes, Boeing CEO Dennis Muilenburg has said that the company will release a software update for the aircraft soon, Buying Business Travel reports. According to Skift, the black box has been recovered from the Ethiopian Air Boeing 737 crash, and preliminary findings show clear similarities to the Lion…

GBTA Research and Professional Development Update
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GBTA Research and Professional Development Update

Are Business Travel Programs Barring Basic Economy? According to new research, business travel programs are not on board with basic economy fares. These fares were introduced by many airlines last year and are typically cheaper than standard airfare, but come with restrictions. The report, put out by GBTA in partnership with Airlines Reporting Corporation (ARC),…

Week in Review
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Week in Review

After causing destruction in Cuba, Hurricane Michael was upgraded to a Category 4 storm before hitting the Southeast U.S., Buying Business Travel reports. According to CNBC, over 300 flights were cancelled at Charlotte Douglas International Airport on Thursday. Meetings & Conventions recently revealed their fourth annual list of the top 25 women in the meetings…

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Podcast: Live from Center Stage at GBTA Convention 2018 Part 1

For this week’s episode, The Business of Travel takes you back to last week’s GBTA Convention. Hear all of Monday’s Center Stage sessions. First, up you’ll hear from Marriott International President and CEO Arne Sorenson in a one-on-one interview with GBTA Executive Director and COO Mike McCormick as he shares his outlook on the business…