Business Travel to Increase in 2013, Says Frequent Business Traveler and Global Business Travel Association

The Frequent Business Traveler and the Global Business Travel Association (GBTA) released reports on Jan. 8 that predict business travel to increase in 2013.

According to the Frequent Business Traveler survey, 33% of business travelers said they will travel more in 2013 than in 2012, and 50% said they would be traveling more compared to two years ago.

Frequent Business Traveler, along with online travel community FlyerTalk, surveyed 1,349 travelers during the last quarter of 2012.

The GBTA BTI Outlook for the United States reported that U.S. business travel spending is expected to rise 4.6% in 2013 to $266.7 billion due to increasing international outbound travel spending and group travel spending. Additionally, modest price inflation should influence companies to spend more real dollars on business trips.

According to the report, spending growth in 2013 should begin at 2% in the first quarter and 2.9% in the second quarter. During quarter three, spending growth should reach rates of 6.4% and then 7.2% in quarter four.

The GBTA estimates that the U.S. business travel spending at the end of 2012 was $254.9 billion.

The GBTA attributed the slowing of business travel spending at the end of 2012 to the “fiscal cliff” since companies postponed critical investment decisions until after Congress reached an agreement.

“While companies will approach the first half of the year with some caution, pent-up demand to get back on the road should hopefully fuel accelerating growth in business travel spending through the end of 2013,” said Michael W. McCormick, GBTA executive director and COO.


Related news: GBTA Expects China to Surpass U.S. in Business Travel Spend by 2014

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

The Customer Isn’t Always Right

Not caving to a customer with a blatant agenda may have consequences, especially for a small rental company that relies on stellar Yelp ratings to advertise. But business integrity must prevail.

The Truth Behind Compact Van Depreciation

Why are large van values holding up better than their compact counterparts, and will it last?

Car Rental’s Call to Action on Autonomous Vehicles

The car rental industry has built-in advantages to support a world with driverless cars, but it needs to take the next step in partnering with autonomous vehicle stakeholders.

Job Finder: Access Top Talent. Fill Key Positions.