GBTA News and Commentary

GBTA is the voice of the global business travel industry. GBTA leadership and members are often sought as experts to comment on wide-ranging issues affecting our industry. Our news, editorials and perspectives bring to life the latest business travel industry insights, trends, advocacy, events, research and education.


 

Senate Appropriations Committee Set to Vote on Massive Tax Increase for the Business Traveler

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Alexandria, VA (July 26, 2017) – Yesterday, the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development, and Related Agencies voted to approve a proposal included in the FY2018 Transportation, Housing and Urban Development, and Related Agencies (THUD) Appropriations Act, that would raise the Passenger Facility Charge (PFC) from $4.50 to $8.50. Michael W. McCormick, GBTA executive director and COO, sent a letter to the Senate Appropriations Committee expressing concern regarding the unintended consequences of such a fee increase on the business traveler. A copy of that letter can be found here. The Senate Appropriations Committee is expected to consider the proposal tomorrow.

GBTA Honors Outstanding Members

GBTA Honors Dave Hilfman with Prestigious ICON Award

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BOSTON (July 20, 2017) - The Global Business Travel Association (GBTA)—the voice of the global business travel industry, awarded three distinguished members during GBTA Convention 2017 in Boston.

Global Business Travel Poised for Strong Advance but Uncertainty Lingers in the United States

Global Business Travel Spend Approached $1.3 Trillion in 2016

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Alexandria, VA (July 19, 2017) – Global business travel spend approached $1.3 trillion USD in 2016, advancing only 3.5 percent over 2015 levels, according to the GBTA BTI™ Outlook – Annual Global Report & Forecast, a new report released today at GBTA Convention 2017 by the GBTA Foundation, the education and research arm of GBTA. Pending many global uncertainties, business travel spending is expected to accelerate significantly in 2018, advancing 6.1 percent, followed by roughly 7.0 percent growth in both 2019 and 2020. Business travel spending gains have not reached this level since 2011.

Strength in Global Economy Means Higher Travel Pricing in 2018

Air, Hotel and Ground Transportation All See Upticks on Back of  Rising Inflation, Higher Oil Prices and Emerging Markets

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BOSTON 18 July 2017: According to the 2018 Global Travel Forecast, travel prices are expected to rise sharply in the coming year, reaching nearly 4 percent increases in some sectors. Released today, the fourth annual forecast, by the GBTA Foundation in partnership with Carlson Wagonlit Travel, and with the support of the Carlson Family Foundation, shows global airfares are expected to rise 3.5 percent in 2018; hotel prices are expected to be 3.7 percent higher; and ground transportation such as taxis, trains and buses are expected to rise only 0.6 percent – significantly less than the 3 percent inflation forecast for 2018.

Business Travel Responsible for $547 Billion in U.S. GDP in 2016, Creates Over 7.4 Million Jobs

U.S. Business Travel Spending Reached $424 Billion in 2016

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Boston, MA (July 17, 2017) – A new report issued today at GBTA Convention 2017 by the GBTA Foundation, the education and research arm of the Global Business Travel Association, in partnership with American Express Global Business Travel (GBT), highlights the positive economic impact business travel has on the nation’s economy. The study, titled ‘The U.S. Business Travel Economic Impact Report,’ reveals business travel was responsible for about 3 percent ($547 billion) of U.S. GDP in 2016. Additionally, the research found that for every 1 percent change in business travel spending, the U.S. economy gains or loses 74,000 jobs, $5.5 billion in GDP, $3.3 billion in wages and $1.3 billion in taxes.

Nearly 30 Percent of Travel Managers Are Unsure How Long it Would Take To Locate Employees in Crisis Situations

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BOSTON (July 16, 2017) – Three in ten (29 percent) travel managers report they do not know how long it would take to locate affected employees in a crisis, according to a new study released today by the GBTA Foundation, the research and education arm of the Global Business Travel Association. Overall, one-half (50 percent) of travel managers say, in the event of an emergency, they can locate all of their employees in the affected area within two hours or less. Additionally, three in five (60 percent) travel managers rely on travelers to reach out if they need help and have not booked through proper channels.

New Research Suggests Efforts to Improve Employee Well-Being May Also Increase Travel Policy Compliance

Traveler Well-Being is an Important Consideration When Developing Travel Polices

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Alexandria, VA (June 28, 2017) – Many companies have both high traveler satisfaction and high program compliance, according to a new study released today by the GBTA Foundation, the research and education arm of the Global Business Travel Association. Additionally, 76 percent of Latin American-based travel managers and 74 percent of North American-based travel managers indicate traveler well-being has a lot of weight on their final decisions when considering specific components of their travel policy.

GBTA Commends Passage of H.R. 2997, the 21st Century Aviation Innovation, Reform, and Reauthorization Act (AIRR Act)

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Alexandria, VA (June 27, 2017) – Today, following nearly 10 hours of consideration, the House Transportation and Infrastructure Committee passed H.R. 2997, the 21st Century Aviation Innovation, Reform, and Reauthorization Act (AIRR Act). The AIRR Act would reauthorize the Federal Aviation (FAA) Administration and move operations of air traffic control into an independent, not-for-profit organization. The bill also includes new consumer protections for the business traveler flying on commercial airlines.

Industry Executives to Discuss Geopolitical Disruption at GBTA Convention 2017

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Alexandria, VA (June 22, 2017) – The Global Business Travel Association (GBTA), the voice of the global business travel industry, today unveiled another panel to be featured on Center Stage at GBTA Convention 2017, on Monday, July 17 in Boston. Geopolitical Disruptions Impacting Global Business Travel will feature leaders from four associations that intersect and influence corporate travel as they address current issues facing business travel and the global economy. This panel is made possible by Yapta.

GBTA Commends Chairman Shuster for Progress on FAA Authorization and ATC Reform

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Alexandria, VA (June 21, 2017) – Today, the Chairman of the House Transportation and Infrastructure Committee, Bill Shuster (R-PA) introduced legislation that would reauthorize the Federal Aviation (FAA) Administration and move operations of air traffic control into an independent, not-for-profit organization. The bill also includes new consumer protections for the business traveler flying on commercial airlines.

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Media Contacts

Colleen Gallagher

Vice President, Communications
+1 703 236 1133
cgallagher@gbta.org

Marianne Varkiani

Communications Manager
+1 703 236 1164
mvarkiani@gbta.org