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New Global Business Travel Association (GBTA) research highlights six risks heading into 2017 that could impact both travel industry prices and the global economy as a whole. Risks include financial market turbulence, oil prices, and uncertainty surrounding Brexit.
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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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The Global Business Travel Association (GTBA) Foundation has named The Hertz Corp. as one of the winners of its fourth annual Sustainability Outstanding Achievement Awards.
Read More →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.
Read More →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.
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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.
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Rental cars are the most commonly used methods of ground transportation for business trips, followed by taxis, chauffeured transportation and ride-sharing companies, according to a GBTA Foundation study.
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