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Avis Budget Group has announced the availability of Visa Checkout as a payment option for Avis Car Rental and Budget Car Rental customers.
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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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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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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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CardHub report finds that types and levels of coverage vary greatly by card; American Express named as having the best coverage.
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A Global Business Travel Association (GBTA) forecast has found that U.S.-originated business travel grew nearly 3% year-over-year. Overall, U.S.-generated business travel is expected to increase 6.8% to $292.3 billion in 2014.
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After a period of slow economic growth and inflation, business travel spending in India is expected to increase by 7.6% to $28.8 billion in 2015, according to the Global Business Travelers Association (GBTA).
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Despite two quarters of weaker economic growth in 2013, business travel spending in Brazil is expected to expand 12.5% to $37 billion in 2014 and another 5.9% in 2015, according to the Global Business Travelers Association (GBTA) Foundation.
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With business travel spending in China expected to expand 17.8% to $309 billion throughout 2015, according to the GBTA, China is poised to overtake the U.S. and become the No. 1 business travel market in the world as early as next year.
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The GBTA commends the Jobs Originated through Launching Travel (JOLT) Act for its aim to increase international business travel by reducing travel restrictions.
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