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When it comes to business travel programs, ground transportation, sustainability, and bleisure travel are some of the considerations that should be looked at, according to a study by GBTA and Uber for Business.
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Three in four travel managers expect business travel volume at their company will be much (17%) or somewhat (58%) higher in 2022 than in 2021. However, 32% report that Omicron will likely have a “very negative” impact on their company’s revenue derived from business travel.
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The former CEO of the Global Business Travel Association leaves his post after an investigation into professional work conduct allegations against him.
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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.
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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.
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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.
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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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Ride-hailing services are now allowed by one-half (50%) of all corporate travel policies, a jump from 44% in June 2016, according to a Global Business Travel Association report.
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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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