United States Projected to Lose $1.3 Billion in Travel-Related Expenditures in 2017

United States Projected to Lose $1.3 Billion in Travel-Related Expenditures in 2017

First, there was Brexit. Next came the Trump Administration’s first travel ban, which cost the United States $185 million in business travel bookings in one week. It was followed by a second travel ban, which like the first, was halted by court orders. After that, the United States Department of Homeland Security (DHS) barred passengers…

Is Election Year Uncertainty Putting U.S. Businesses at Risk?

Is Election Year Uncertainty Putting U.S. Businesses at Risk?

Today, the GBTA Foundation released its latest quarterly U.S. business travel forecast, slightly downgrading our expectations from the previous quarter. Uncertainty around the upcoming presidential election is among the factors influencing our more pessimistic outlook for U.S. business travel spending through 2017. Along with the uncertainty surrounding the election, sluggish global expansion, low inflation, weak…

The Brexit Conundrum

The Brexit Conundrum

Despite the stark warnings of many prominent economists, analysts and financial experts, on 23 June the people of the United Kingdom voted to leave the EU. The nation which boasts the mother of parliaments exercised its democratic right through a referendum to go against the perceived wisdom and strike out into the unknown. Since then…