Alexandria, VA (March 23, 2020)— The coronavirus (COVID-19) continues to punish the global business travel industry, with business travel coming almost to a halt across the globe, according to the latest research conducted by the Global Business Travel Association (GBTA). Almost every GBTA member company (96 percent) report they have canceled and/or suspended all or…
Alexandria, VA (March 10, 2020)—The coronavirus (COVID-19) continues to impact the global business travel industry, with companies canceling meetings and instituting blanket business travel cancellations, according to the latest research conducted by the Global Business Travel Association (GBTA). GBTA members routinely send their employees to meetings and events throughout the world, with the primary destinations…
Alexandria, VA (February 27, 2020)— The coronavirus has the potential to threaten the entire global business travel industry. According to a new lightning poll released today by the Global Business Travel Association (GBTA), the virus could potentially cost the industry $46.6 billion per month. That translates into $559.7 billion annually, or 37% of the industry’s…
In mid-January, the first cases of the new coronavirus began to be reported. The virus was first detected in Wuhan City, Hubei Province, China and has continued to spread quickly across the globe. Since then there have been mandatory quarantines, canceled airline flights, and serious effects on the global financial markets. With these developments, GBTA…
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