Tagged Business Travelers

Ride Hailing Continues to Accelerate for Business Travelers

In the second quarter 2017, ride-hailing service Uber gained 2% to claim 55% of ground transportation overall, according to the Certify SpendSmart Report. Taxi dropped to 8% while car rental saw a two-point decline in business travel transactions.


China Continues to Top Global Business Travel Spending

Despite global uncertainties, business travel spending is expected to advance 6% in 2018, followed by 7% growth in 2019 and 2020. China continues to top business travel spending for the second straight year.


U.S. Business Travel Spending Hits $424B in 2016

A new report by the Global Business Travel Association (GBTA) Foundation found that U.S. businesses spent $424 billion to send travelers out on the road for 514.4 million domestic business trips in 2016.


GBTA: Geopolitical Uncertainty Spells Big Loss in Business Travel

In 2017, the Global Business Travel Association (GBTA) forecasts a loss of over $1.3 billion in travel-related expenditures for U.S. business travelers, including rental cars, hotels, and food.


Ride Hailing Continues to Top Ground Transportation for Business Travelers

According to the Certify SpendSmart Report for Q1 2017, ride hailing now accounts for 59% of all ground transportation transactions. Car rental accounts for 31% of transactions while the taxi industry only takes 10%.


European Travelers Expect Reduction in U.S. Business Travel

According to a poll by the Global Business Travel Association (GBTA), 47% of European travel professionals expect some reduction in U.S. business travel for their company following President Trump’s executive order on travel.


Trump’s Travel Ban Jeopardizes International Business Travel

In the week following Trump’s travel ban, approximately $185 million in business travel bookings were lost as the uncertainty surrounding travel in general had a rippling effect on traveler confidence, according to the GBTA Foundation's latest business travel forecast.


Sixt Wins World Travel Awards

Sixt receives three World Travel Awards for its car rental service, luxury cars, and limousine service.


Election, Global Uncertainty Contribute to Sluggish Business Travel Spending

According to the Global Business Travel Association, total business travel volume for the U.S. is expected to advance only 1% in 2016 while spending is projected to fall by 0.6%.


October is Busiest Month of Rental for Business Travelers

According to Hertz, more corporate customers will rent cars in the U.S. during October than any other month of the year, driving an estimated 114 million miles.


U.S. Business Travel Spending to Grow Only 0.9%

The Global Business Travel Association (GBTA) Foundation forecasts U.S. business travel spending to grow only 0.9% ($292.5 billion) this year due to factors such as uncertainty leading up to the U.S. presidential election and the surprising vote from the U.K. to leave the EU.


Global Business Travel Spending to Reach $1.3 Trillion

According to a new report by the Global Business Travel Association (GBTA) Foundation, global business travel spending is predicted to reach $1.3 trillion in 2016. In 2015, it topped $1.2 trillion, a growth of 5% from 2014.


Global Uncertainty Delays Growth in U.S. Business Travel

U.S. business travel will continue to grow moderately in 2016 as global uncertainty looms, according to a report by the Global Business Travel Association. It is expected to increase 1.9% in 2016 to $295.7 billion.


U.S. Business Travel to Europe Continues After Paris Attacks

Nearly three-quarters of U.S. business travel buyers say their company’s travel to Europe will remain largely unaffected by the recent attacks on Paris, according to a poll by the Global Business Travel Association (GBTA).


Millennials Want to Travel More for Business

Millennials are nearly twice as likely to want to travel more for business than Baby Boomers (45% to 26%, respectively), according to a Global Business Travel Association (GBTA) report.


Western Europe’s Business Travel Spending to Increase 6%

Business travel spending in Germany, the U.K., France, Spain and Italy combined will grow over 6% in 2015 and 2016, according to a Global Business Travel Association (GBTA) report.


U.S. Business Travel Spending Slows in 2015

Although U.S. business travel spending will increase by 3.1% in 2015, the global oil price collapse and economic weakness in China, Russia and the Middle East will reduce the outlook for growth in 2015 and 2016, according to a Global Business Travel Association report.


Avis Named Most Admired Rental Company

Avis Car Rental received the award for most admired U.S. car rental company in 2015 by readers of The Beat, the BTN Group’s daily travel business e-newsletter.


National, Enterprise Top Car Rental Satisfaction Survey

National Car Rental and Enterprise Rent-A-Car ranked the highest among corporate travel buyers in Business Travel News’ inaugural “Car Rental Brand and Grand Transportation Survey.”


China Leads Global Business Travel Spending

In the next five years, China business travel will increase by 61% (from $261 billion in 2014 to $420 billion in 2019). Asia Pacific owns the largest share of the business travel spend market with 39%, followed by North America with 27%.


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