According to Reuters, Qatar Airways has completed its 10 percent stake purchase of LATAM Airlines in a transaction worth $608.4 million USD. Buying Business Travel shares Etihad Airways has agreed to new codeshare deals with Montenegro Airlines and Tanzania’s Precision Air. According to USA TODAY, Delta has reached an agreement with Boeing to cancel an order…
In July of 2014, the GBTA Foundation announced the “Gift of Knowledge” initiative in China to bring industry-leading education to this rapidly growing market. As the world’s largest business travel market, there was a clear need for innovative, comprehensive education for business travel professionals in China. Through a collaborative partnership with a leading Chinese educational…
On Monday, GBTA held a Gift of Knowledge Workshop in Chengdu focused on measuring the success of managed travel programs. The GBTA Foundation also released its latest business travel forecast for the Chinese market showing China remains one of the fastest growing business travel markets in the world. Total business travel spending is expected to…
*Update: Reports are there has been a partial rollback of the aggressive action TravelSky took. The major Chinese airlines have now restored the ability of foreign GDS’s to sell many (but not all) of their fares through foreign agents.* The announcement of TravelSky’s unilateral decision to discontinue the sale of domestic China flights on…
In the early part of the 2000s, there was much talk of the BRIC countries – Brazil, Russia, India and China. These four markets were seen as rapidly developing examples of smart growth for other emerging economies around the world. Since the Great Recession, however, these four countries have grown at significantly different paces. China…
As we recently announced, China has overtaken the United States as the top business travel market in the world. This was one of the main findings of the recently released GBTA BTI Outlook China 2016 H1 that was sponsored by Visa. While some would see China overtaking the U.S. as positive indicator for the overall…
In response to the expansion of the scope of the Value Added Tax (VAT) in China, GBTA issued the press release below: On 5 March 2016, China’s Premier Li Keqiang announced the expansion of the scope of the Value Added Tax (VAT) to several key sectors including hospitality to take effect from 1 May 2016….
First announced in 2014, The Gift of Knowledge Initiative was created to implement an innovative and comprehensive program to further develop the travel management profession in China. In 2015, more than 200 individuals were able to participate in the inaugural delivery of workshops in Beijing, Shanghai and Shenzhen bringing travel professionals together to discuss timely…
While it is pretty much a photo finish, China edged past the United States in total business travel spending at the end of 2015 by a billion U.S. dollars making it the largest business travel market in the world. The two countries finished the year with $291.2 billion in spend compared to $290.2 billion, respectively,…
For Earth Day, airports and airlines are marking the day with environment-focused special events, according to USA Today. In major news this week, the Los Angeles Times covered a recent GBTA Foundation report showing China has surpassed the United States as the global leader in business travel spending. Entrepreneur also reported on the reasons behind…
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