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Business Travel Industry Anticipates a Strong but Challenging 2024 According to Latest GBTA Poll

Global industry professionals report strength in business travel numbers, outlook on potential risks ahead, and how travel policies are evolving to meet the needs of a remote / hybrid workforce The global business travel industry has put the pandemic behind it and is riding a wave of momentum at the start of 2024. A majority…

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European Business Travel Spending is Forecast to Reach $450 Billion USD by 2027

Expected spending on business travel across Europe continues to steadily increase due to pent-up demand, hybrid work environments, the return of travel and meetings and more stable economic conditions, according to GBTA Business Travel Index™ Outlook regional analysis After a slower regional rebound over the last few years, business travel spending in Europe is expected…

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Latest Report from FREENOW and GBTA Examines the Evolution of Ground Transportation in Europe for Business Travel

New findings emphasize post-pandemic travel recovery, sustainability and technology among the biggest changes and challenges There’s no putting the brakes on the way business travelers view and utilize ground transportation. That’s according to the latest report from FREENOW, Europe’s Mobility Super App, and the Global Business Travel Association (GBTA), the world’s largest business travel association. In…

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Global Business Travel Industry Sees Rebound in 2023 With Shifting Challenges and Opportunities for 2024

Latest GBTA Business Travel Outlook Poll reveals positive recovery sentiment, emerging forecasts, industry priorities and potential barriers for the year ahead The majority of professionals in the global business travel industry say the sector has reached near-full recovery this year since the pandemic days of 2019. But even as business travel has rebounded, the industry…

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GBTA and e-Cornell Offer Member-Exclusive Pricing on Business and Leadership Courses Until December 22, 2023

As Q4 2023 continues full speed ahead and Q1 2024 rapidly approaching the horizon, now is the time to take stock of training budgets and professional development goals. Did you and your team utilize this year’s allotment? Are you pledging to focus more on your career in 2024?    That’s why GBTA and eCornell, Cornell University’s…

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Business Travel in Asia Pacific Poised for Significant Rebound in 2023, Spending Forecast to Reach Almost $800 Billion by 2027

GBTA reveals regional outlook data and insights during its sold-out 2023 GBTA APAC Conference held this week in Singapore After challenging years due to the pandemic, for 2023 and beyond, business travel in Asia Pacific is forecast for significant growth, with travel spending gaining 41% to USD $567 billion this year ─ and rising to…

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Global Business Travel Industry Forecast is for Accelerated Rebound, Spending to Reach $1.8 Trillion by 2027

Expected business travel spending accelerates due to pent-up demand, return of travel and meetings, improved COVID landscape, stable economic conditions and inflationary factors, according to the latest GBTA Business Travel Index™ Outlook report The global business travel industry has rebounded at a more accelerated rate than expected just a year ago and is now expected…

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Global Business Travel and Events Costs Expected to Remain Elevated Through 2024, Reflecting ‘True New Cost of Travel’

Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022. This is according to the 2024 Global Business Travel Forecast, published today by CWT, the business travel and meetings specialist, and…

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GBTA and Uber for Business Examine the Complex Perspectives Between Business Travelers and Travel Managers in New Report

The new age of business travel is intentional, with employees increasingly emphasizing work-life integration and changing dynamics This is according to a new report – “The Current State of Business Travel: Business Traveler and Travel Manager Priorities” – published today by the Global Business Travel Association (GBTA), the world’s largest business travel association, and sponsored…

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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…