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December 21, 2023

News to Know

The Return of the Business Traveler: Forecasting the Next 18 Months of Corporate Travel
(SOURCE: HOSPITALITY NET, GBTA FEATURED)

Business travel is back. Data from the Global Business Travel Association (GBTA) projects that international business travel spending will reach $1.5 trillion in 2024, surpassing peaks of $1.4 trillion in 2019. By 2027, GBTA predicts that spending will have reached almost $1.8 trillion, a 25% increase from pre-pandemic levels.

AVIATION

Airlines Set to Earn 2.7% Net Profit Margin on Record Revenues in 2024 (4HOTELIERS)

The Curious Rise of ‘Upper Budget’ Airlines (THE TELEGRAPH, MAY REQUIRE SUBSCRIPTION)

Interisland to Intercontinental: The Rise of Hawaiian Airlines (SIMPLE FLYING)

Oneworld Becomes First Airline Alliance to Join IATA CO2 Connect (TRAVEL DAILY NEWS)

Sydney Airport Needs More Airline Seats to Fully Recover (SIMPLE FLYING)

HOSPITALITY

Hospitality Insights: 2023 Recap and 2024 Predictions, Part One (MEWS)

Hyatt Strengthens Luxury Portfolio With 35+ Planned Hotels and Resorts (4HOTELIERS)

Wall Street Analysts Share Views on Travel Future and AI (PHOCUSWIRE)

OTHER SECTORS

46% of Travel Companies to Increase ESG Investment in 2024 (4HOTELIERS)

Industry Spotlight

[VIDEO]: Season's Greetings from the
GBTA Board of Directors

The holiday season is upon us - and GBTA's Board of Directors share their thoughts and wishes for the holidays, the year past and moving forward together.

Watch Video

GBTA Canada Conference 2024 | Toronto
Registration Is Open

It's time to start planning for GBTA Canada Conference 2024 | Toronto. Registration is now live - secure your spot at the lowest rate!

The 2023 GBTA Canada Conference brought together over 600 delegates, creating an unparalleled opportunity for networking, learning, and forging new connections. For 2024 we're raising the bar even higher, delving into the latest trends, innovations, and challenges shaping the business travel industry. Mark your calendars for April 22-24, as we invite you to join us at the prestigious Beanfield Centre in Toronto for Canada's premier business travel event of the year.

If you have any remaining 2023 budget, why not use it to register for GBTA Canada Conference 2024 | Toronto & secure the lowest rate?

Resources

Crisis24 Intelligence Brief

Canada and United States - Pro-Palestinian and pro-Israeli activists likely to rally in cities across US and Canada through at least late December. Disruptions likely.

Iceland - Eruptive activity continues in the Reykjanes Peninsula, Iceland, as of Dec. 19. Evacuations and road closures ongoing.

Iceland - Unionized air traffic controllers cancel planned four-hour strike at Keflavik International Airport, Iceland, Dec. 20.

United Kingdom - Unionized public transport workers to strike across Northern Ireland, UK, Dec. 22. Transport disruptions certain; protests possible.

United States - Severe weather forecast across parts of California, US, through at least Dec. 22. Possible flooding and associated disruptions.

More Information

Upcoming Events

GBTA Conference 2024 - Mexico City
April 3 - 4

GBTA Conference 2024 - Toronto
April 22 - 24

View More Events

GBTA and the #GBTAFoundation participated in a White House announcement event as part of the Biden Administration's unveiling of new commitments to support sustainable travel - including new Federal employee travel guidelines on the use of sustainable transportation...

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GBTA Career Spotlight

Is Your Company Hiring?

Use the GBTA Career Center to post your business travel job openings and access thousands of qualified industry professionals looking to make their next career move.

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