While it is hard to predict the future with certainty, GBTA certainly does a good job of forecasting trends that affect the future of business travel. The recently released GBTA Foundation Global BTI Outlook – Annual Global Report and Forecast sponsored by Visa aims to do just that. Looking ahead five years, the report concludes…
People who work in the global travel industry know that theirs is a robust and growing market. Certainly, travel buyers, suppliers, managers and individual travelers alike know that global business travel spurs growth, fosters vital relationships and establishes the framework for innovation. Still, $1.2 trillion is a big number – roughly equivalent to Spain’s GDP…
In the Jimi Hendrix song referenced in the title of this post, it takes about half a day traveling by dragonfly to get to Spain. Luckily for business travelers, there are many more comfortable options for traveling to and from Spain than insects. Indeed, it is expected that total business travel spending in Spain will…
All of Europe is focused on France this month as the Euro 2016 soccer tournament is underway to select a European champion. The home team has a very good shot of being crowned victors of soccer if not of economic recovery. While the nation’s economy and business travel markets are not out-performing the rest of…
The top ten business travel markets in the world are not static. Indeed, recent GBTA Foundation BTI reports have shown that China has overtaken the United States as the largest business travel market in the world. There is a significant margin between the number one and two markets – China with $291 billion spent on…
Tim Clark, president of Emirates Air, recently expressed concerns about the effects of Brexit on the EU economy, according to The National. Lufthansa’s CEO has also stated that he expects demand for air travel to fall if Britain leaves the bloc. GBTA’s recent Western Europe BTI found that while the ease of travel may be…
With Memorial Day, the unofficial start of summer, right around the corner, all eyes will turn southward to Brazil and the Olympic Games. While everyone hopes that the games are a success for the host country, Brazil’s economy and business travel industry have both gone through the proverbial ringer recently, and the forecast remains markedly…
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…
2016 is off to a slow start for business travel for both group and individual business travel according to GBTA’s BTI Outlook – United States 2016 Q1, which was recently released and sponsored by Visa. The study found there was paltry growth for individual business travel volume, which grew 0.3 percent in 2015 and actually…
In 2015, the global economic growth rate grew at its slowest rate since 2009. This stagnant growth had a clear impact on international outbound (IOB) travel from the United States according to GBTA’s BTI 2016 Q1 Outlook, which was sponsored by Visa. For years IOB travel growth was a key driver of the economic recovery…
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