Despite being overtaken by China as the world’s leading business travel market, the United States is still a vital nation when it comes to both the growth of the global economy as well as for the growth of global business travel. According to the recently released GBTA Global BTI Outlook – Annual Global Report and…
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,…
In a report released earlier this week, the GBTA Foundation is forecasting slower growth for Brazil’s business travel spend. Brazil’s struggling domestic economy and the troubled regional economy are key factors in GBTA Foundation’s significant downgrade to business travel spend growth for the country. GBTA expects 3.6 percent growth in 2014 and 4.1 percent in…
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