Week In Review We kick off this week’s news highlights with some positive news from a GBTA study released this week showing that most travel managers (72 percent) are satisfied with their salary. Average total compensation rose 6 percent year over year and the study also showed that travel managers enjoy significant benefits. Late last…
Last week, the GBTA Foundation released a study looking at travel manager awareness, adoption rates and satisfaction with dynamic pricing models for hotels. Dynamic Pricing for hotel corporate rates has been around for approximately 10 years, but the adoption of this pricing model has been a slow one. The study, Dynamic Hotel Pricing – Has…
As you may have seen we just released our third quarter business travel forecast on Tuesday. Very much in line with last quarter’s forecast, U.S.-generated business travel spend is expected to increase by 6.8 percent to $292.3 billion in 2014. The forecast showed business travelers spent an estimated $72.8 billion on U.S.-originated business travel during…
Today we released our latest forecast for the Chinese business travel market – and it continues to grow at a double digit pace. In fact, GBTA forecasts China’s total business travel spend to grow 15.9 percent in 2014 to $262 billion USD and another 18 percent in 2015. The unprecedented growth in China’s economy has…
Last week the GBTA Foundation released a study that looked at the cost of travel mishaps. As a road warrior, chances are you have been there and done that as 75 percent of travelers encountered a mishap while traveling for business in the last year. When these mishaps occur, it costs the traveler time and…
The Week In Review post is back this week to keep you up-to-date on the latest news stories on business travel. A special business travel insert appeared last Friday in the Toronto Star. GBTA’s Director of Operations for Canada shared her thoughts on the latest trends in business travel as well as business travel’s role…
As GBTA becomes increasingly global, we continue to develop new resources that will be useful to our members and the industry from a global perspective. Just a few weeks ago, Donna Kelliher our President and CEO wrote to you about the new Global Leaders Directory 2014, which enables you to connect with key leaders around…
I was very pleased when Steve Singh, Concur CEO and Chairman of the Board of Directors, accepted our invitation to be a featured speaker at this year’s 2014 GBTA Convention. As the chairman of the GBTA Foundation, Steve is no newcomer to GBTA events. Thoughtful and innovative, Steve embodies entrepreneurial thinking and his vision about…
Yesterday the GBTA Foundation released a study showing the economic impact of business travel on the U.S. economy. The numbers speak for themselves demonstrating that business travel is in fact a major economic driver. Of course the value of business travel comes as no surprise to us and I am guessing, you. There really is…
U.S business travel is expected to continue its surge in 2014 despite a record-breaking, seemingly endless winter where the effects of the polar vortex and multiple snowstorms halted travel across much of the country. Despite all of this, for the second quarter in a row, we are increasing our business travel spending forecast for this…
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