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