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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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During a panel discussion at the Global Business Travel Association (GBTA) convention, Greg Stubblefield, Enterprise’s chief strategy officer and executive vice president, discussed how consumers in the sharing economy are looking for “access” over “sharing.”
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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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U.S. business travel spending will increase by 4.9% in 2015 to $302.7 billion, according to the Global Business Travel Association Foundation. Since 2009, U.S. business travel spending is up 38%.
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In this inaugural report by the Global Business Travel Association (GBTA), findings showed that millennials are more likely to use newer travel services like ride-sharing and social media to review travel suppliers.
Read More →The Global Business Travel Association (GBTA) has honored Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car with its Sustainability Outstanding Achievement Award.
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The majority (57%) of European-based companies have sustainability initiatives written into their company’s travel policy, according to a Global Business Travel Association (GBTA) Foundation study.
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A Global Business Travel Association (GBTA) report found that U.S. business travel spending was expected to end the year at $292.2 billion. With a forecast to hit $310.2 billion, the projection for U.S. business travel spending in 2015 also remains strong.
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Business travel spending in India is expected to grow 8.6% in 2014 to $62.2 billion and increase another 9.5% in 2015 to $28.6 billion, according to the latest semi-annual “GBTA BTI Outlook — India” report.
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Business travel spending in China is expected to expand 15.9% in 2014 to $262 billion and increase another 18% in 2015, according to the latest semi-annual “GBTA BTI Outlook – China” report.
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